Revenue Department

Withdrawing new liquor policy set to hit Delhi revenues by 45% in FY23

State govt could still raise revenue surplus for the year after reverting to old way of conducting liquor trade

Crypto under PMLA: CoinDCX registers itself as reporting entity with FIU

As per the Prevention of Money Laundering Act (PMLA), 2002, a reporting entity is required to conduct KYC verification of the customers and maintain their records

Greaves Cotton to acquire motion-control systems player Excel Controlinkage

Greaves Cotton to acquire motion-control systems player Excel Controlinkage

Digi tool automation can fuel $1.4 trn of revenue, profit $282 bn: Infosys

Digital tools automation, talent diversity, and improving skill-sets among employees can drive up to USD 1.4 trillion in revenue and USD 282 billion in profit for companies, according to a latest study by IT major Infosys. The study titled 'Future of Work 2023' underscores how modern workplaces will see more hybrid working and digital engagement, enabling firms to build more diverse and creative teams. The survey revealed that shifting to a flexible, diverse, and digital work model is correlated with 7.7 percentage points higher profit growth, and 6.7 percentage points higher revenue growth. "According to the report, up to USD 1.4 trillion in revenue and USD 282 billion in new profit could be generated through digital tools automation, diversifying talent pool, and improving skills development among employees," according to Infosys statement, outlining the findings of the report. Retention of employees is critical, the study said, adding that the companies that increased their staf

Give specifics of notices to exporters seeking GST relief, says SC

Apex court seeks details from revenue department as it reserves final order

Budget may not be right time to restructure capital gains tax: Revenue secy

There's no need for having so many buckets under the capital gains tax structure or so many different permutations and combinations, says Tarun Bajaj

Eveready charged up, aims to double revenue in 4 years with existing biz

Company's focus shifts to topline growth under Burmans; may look at new categories later

Adani Enterprises Q2 net more than doubles; revenue rises threefold

In Q2, integrated resource management, saw revenue growing over three times to Rs 30,435 crore YoY

Online cosmetics retailer Nykaa's Q2 net more than doubles to Rs 5.2 cr

Revenue for the quarter was up 39% YoY to Rs 1,230.8 crore

Under scanner: Special mechanism for sharing trade data in the works

CBIC come across 12-13 cases of import-export data leaks to dark web

Rising offshore revenue to be growth huge lever for years: Coforge CEO

The IT solutions provider has posted a consolidated net profit of Rs 220.6 crore for Q2FY23, up 36.6% YoY. Its revenue growth was driven by offshoring expansion

Tech Mahindra Q2 net down 4% YoY to Rs 1,285 cr on supply side pressure

Profit was up sequentially, however; Revenue rose 20.7% YoY and 3.3% QoQ, driven by growth in CME segment and the US market

Centre's fiscal deficit in H1 touches 37.3% of full-year target

The Centre is hopeful of keeping the fiscal deficit at 6.4 per cent of nominal GDP in FY23

L&T Q2 net profit rises 22.5%, revenue up 23% on strong order inflows

In Q2, the company gained from strong order inflows in the domestic market, with consolidated revenue from operations increasing by 23 per cent to Rs 42,763 crore in the period

Eveready PAT dips 52% to Rs 15 cr on non-cash charge of unamortised fees

Company says the charge will even out for the full year; revenue up 5% to Rs 376 cr

Over 24 prominent charitable institutions in India may face tax scrutiny

Govt may modify charity-related tax clauses to plug lacunae

GST Council likely to meet in Dec, may take up report on e-game tax

The Council meeting was expected to be held in August in Madurai

Sanjay Malhotra succeeds Bajaj as revenue secy; Giridhar named defence secy

Road Transport and Highways Secretary Aramane Giridhar has been named the new defence secretary as part of a top-level bureaucratic reshuffle effected by the Centre on Wednesday. Giridhar, a 1988-batch Indian Administrative Service (IAS) officer of the Andhra Pradesh cadre, has been appointed as Officer on Special Duty in the Department of Defence. He will take over as secretary of the Department of Defence after the retirement of Ajay Kumar on October 31, a personnel ministry order said. National Highways Authority of India chairperson Alka Upadhyaya will be the new road and transport secretary replacing Giridhar. Secretary in the Department of Financial Services Sanjay Malhotra will be the new revenue secretary. He has been appointed as Officer on Special Duty in the Department of Revenue. The officer will take over as secretary, Department of Revenue, after Tarun Bajaj completes his term on November 30. Registrar General of India and Census Commissioner, Ministry of Home Affa

Wipro's Q2 profit slips 9.2% amid high employee costs; revenue up 14.6%

Attrition for the quarter was at 23 per cent, down from 23.3 per cent from last quarter

Maharashtra revenue department set for facelift with blockchain technology

A government office with piles of documents lying scattered and files gathering dust is a common sight. But, the Maharashtra revenue department will not look like that in a couple of years as it is set for a transformation by adopting the blockchain technology. This digital method of storing records in a business network will enable district collectorates to have a faster documentation process and also save cost, officials told PTI. At the Global Fintech Fest held in Mumbai last month, Maharashtra Deputy Chief Minister Devendra Fadnavis said the role of governance, especially in the revenue department, is going to change forever in the next two-three years. "The blockchain technology is going to save a lot of time of a district collector, who has to spend significant time in conducting hearings related to errors in documents. There will be no typical or conventional role left for a collector once we completely shift to the blockchain technology-based documentation, he said. The ..