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Xiaomi And Oppo May Face A Fine Of 1000 Crores, Alleging Violation of Law: Income Tax Department

The Income Tax Department has said that mobile companies Xiaomi and Oppo have violated tax laws and they can be fined Rs 1000 crore. It is worth noting that on December 21, Delhi and 11 states-Karnataka, Tamil Nadu, Assam, West Bengal Raids were conducted at the locations of these companies in Andhra Pradesh, Madhya Pradesh, Gujarat, Maharashtra, Bihar and Rajasthan. A statement issued today by the Income Tax Department said, "In the raids, it has been revealed that both the major companies have sent an amount in the form of royalty quoting themselves and group companies located abroad, which is more than 5500 crores. . The statement said, 'These companies did not comply with the disclosure of transactions under the Income Tax Act 1961. Such a mistake makes them liable for penal action...

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BusinessCOVID-19FinanceIndiaPolitics

Check Out The India’s GDP Forecast For The Year 2022!

The International Monetary Fund (IMF) estimates that India's GDP will rise by 9.5 percent in 2021 and 8.5 percent in 2022, making it the world's fastest-growing economy in both years. Deepak Parekh, the chairman and CEO of HDFC, believes he is in a more optimistic frame of mind than in the previous 50 years. According to the International Monetary Fund, Covid's impact on growth in 2021 will not be a one-time occurrence but rather a continuing trend (IMF). On the other hand, the International Monetary Fund anticipates that India's economic expansion will continue at a rapid pace in the foreseeable future. As former Chief Economic Advisor, Shankar Acharya has earned a reputation for being one of the country's most doomsday economic forecasters. He mentioned that even though he is confide...

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IndiaLatest NewsNews

Marriage For Women At 21 Years: Good Or Bad?

Recently, the cabinet passed a proposal, to raise the minimum age of marriage for women from 18 to 21. The government has taken such a step by hoping that this will lead to women's empowerment. Many have agreed upon this new proposal. But still, there are people who criticize it. Let us look at the benefits of this proposal and issues with child marriages. In June 2020, the ministry of women and child development formed a task force headed by Jaya Jaitly. She said that the reason behind increasing the minimum age for marriage is to tackle the issue of motherhood like the maternal mortality rate and to reduce the deaths during childbirth. Here the main issue is child marriage. When girls are married off at a young age, the chances of death during childbirth increase. The question then ...

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ElectionsIndiaNews

NTPC To Set Up Country’s First Garbage To Coal Plant In Varanasi, PM Will Lay Foundation Stone In The New Year

Kashi is becoming a model of modern development with ancient physique. You will be amazed to know that now Kashi will teach the country to make coal from waste. The Municipal Corporation of Kashi is preparing to set up a coal production plant of more than 200 tonnes per day at Ramna in collaboration with NTPC. According to reports Prime Minister will lay the foundation stone of this plant in January that is supposed to be built at a cost of Rs 150 crore during the proposed visit of Kashi. There will also be a scientific system to dispose off the residue coming out of this plant to be built in about 25 acres. To get rid of coal crisis in power generation units, this step of the government will show a new direction to the country. Plant will be built in 20 acres The plant will ...

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COVID-19HealthInternationalLatest News

WHO Chief: Tidal Wave of Corona Is Inevitable, Omicron Delta Twins, 6.5 Million Cases Globally In A Week!

WHO chief, Tedros Adhanom Ghebreyesus, on Wednesday declares that the tsunami of corona is inevitable. We are now on verge of facing another tidal wave especially due to Omicron and Delta variant of Covid-19 infection. Maximum number of cases are recorded from 22-28th December globally, which is 6.5 million. This is an increase of 37% compared to the last week data globally. WHO Chief quotes, "I am highly concerned that Omicron, being highly transmissible and spreading at the same time as Delta, is leading to tsunami of cases. This is and will continue to put immense pressure on exhausted health workers and health systems on the brink of collapse." WHO CHIEF requesting all nations to achieve 70% vaccination by July 2022 Dr. Tedros also speaks about the global vaccination programme ...

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