Briefly Business: Govt detects Rs 5,995 crore excise,service tax evasions

Govt detects Rs 5,995 crore excise,service tax evasions

Written by Express News Service | Published: August 9, 2012 1:13:23 am

Govt detects Rs 5,995 crore excise,service tax evasions

New DelhI: The government on Wednesday said it has detected alleged central excise and service tax evasions of about Rs 5,995 crore during 2011-12.

‘Working on the idea for phones for BPL families’

new delhi: Commenting on the plan to provide free mobile phones to people below poverty line, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday said,“We are working on an idea. The basic idea is that in rural areas we need to incentivise access to mobile telephony”.

4 states have supported FDI in multi-brand retail

New Delhi: Only four states and UTs,Delhi,Manipur,Daman & Diu and Dadra Nagar Haveli,have so far indicated their support for allowing FDI in multi-brand retail.

CLB reserves order on stay on Uninor auction

new delhi: The Company Law Board (CLB) on Wednesday reserved its order on Unitech plea seeking a stay on the auction of its JV firm Uninor.

Midcap crash: Sebi seeks govt nod for call data

mumbai: Sebi on Wednesday said it has asked the government to allow it to access call data records of persons suspected to be involved in insider trading and other irregularities.

Bank credit dips by Rs 21K cr in July 27 fortnight

Mumbai: Reflecting moderation in economic activity,bank credit declined by about Rs 21,000 crore to Rs 48.51 lakh crore in the fortnight ending July 27.

Indian firms raise $1.99 bn from overseas in June

Mumbai: Indian companies raised $1.99 billion from overseas markets in June,lower than $3.37 billion in the previous month,the Reserve Bank said.

No amnesty scheme to check black money: Govt

New Delhi: The Income Tax Department has not recommended ‘amnesty scheme’ to deal with the issue of black money,the government has said.

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