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Dispute erupts over taxman's power to arrest, freeze a/cs in GST cases

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Dec 11, 2019, 12.14 PM IST

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  • "Ministry should carry out regular recruitment of qualified/trained staff for this purpose. It should not compromise in any manner on the quality of statistical staff at the field level, so that the credibility of the whole process is not jeopardized," the Parliamentary Standing Committee on Finance said in its report on MOSPI tabled in the Lok Sabha on Tuesday.

    "Sterlite Technologies Ltd (STL) has signed a memorandum of understanding (MoU) with Indian Institute of Technology Madras for sponsoring a chair professorship in 5G," the company said in a filing to BSE.

    Chandrashekhar Bhadsavle from Neral in Mumbai has developed a direct sowing technique called Saguna Rice Technology (SRT), which eliminates need of tillage and stubble burning in rice and other crops. Bhadsavle had developed the SRT technology of rice cultivation in 2011.

    Union Railway Minister on Monday posted on his Twitter account: "Railways takes a decisive step to cut down on electricity bill & reduce operating cost. Securing additional power flow from Bihar & Rajasthan, Railways to save Rs 121 crores on a yearly basis."

    The Mumbai-based startup is currently focusing on investing in its key leadership and building a rock-solid core team, as well as building a dedicated in-house technology team to further enhance data security and foolproof end-to-end processes across functions.

    The S&P BSE Telecom index was trading 0.13 per cent down at 1101.64 .

    The Nifty IT index was trading 0.71 per cent up at 15,053.40.

    Earlier this year, Mastercard said that it will invest an additional $1 billion in its India operations over the next five years, and about $350 million of that would go into setting up a local payments processing centre.

    Most consumers tend to go bargain hunting online. For a large part of 2019, luxury mall managers reported that sales were lacklustre. Luxury goods websites, however, managed to buck the trend because of 20-50% lower costs on their sites. But at the moment, watch companies do not seem to be finding too many takers in tier-2 and 3 towns.

    Visaka Industries filed the complaint after the company said it issued legal notices asking Google India to take down the write-up. Google then moved the Andhra High Court for quashing the proceedings, but did not get any relief. On Google’s appeal, SC stayed the proceedings till it had applied its mind to the issues involved.

    Owned by BBK Group (which also owns Vivo, Realme and OnePlus), Oppo is the fourth largest player globally with a share of 9% as per Counterpoint Research. The group is close to becoming the largest smartphone manufacturer group globally, accounting for over 20% of the global smartphone market and three of its brands in the top 10, said a report.

    Including the accepted Pre-Placement Offers (PPOs), a total of 848 students have already been placed at the end of Phase I Placements for 2019-20 Academic Year. This is around the same as last year (2018-19) when 844 students had been placed at the end of Phase I, the institute said. The jobs include 34 offers to work from locations abroad, the institute said in a release.

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