New special unit in I-T Dept to probe undisclosed foreign assets
Foreign Asset Investigation Units (FAIUs) have been recently created in all the 14 investigation directorates of the Income Tax Department located in various parts of the country
PTI | January 10, 2021 | Updated 22:54 IST
A special unit has been created by the government in the countrywide investigation wings of the Income Tax Department for focussed probe in cases of undisclosed assets held by Indians abroad and possession of black money in foreign shores, officials said.
The Foreign Asset Investigation Units (FAIUs) have been recently created in all the 14 investigation directorates of the tax department located in various parts of the country that are primarily tasked to undertake raids and seizures, and develop intelligence to check tax evasion done by various methods.
Warren Buffett’s latest challenger will fizzle like the rest
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Spencer Jakab
, The Wall Street Journal
Cathie Wood has ridden stocks like Tesla to stardom, but funds like ARK Innovation ETF are best avoided after they get hot
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“Move Over, Warren Buffett: This Is the Star Investor You Should Be Following.
So read the headline on a year-end article from retail investing advice site Motley Fool touting the performance of fund manager Cathie Wood. Variations on the “Buffett is done theme have been around since at least the tech bubble, while the cult of star mutual-fund managers goes back to the 1960s. Such commentators have eventually eaten their words.
A special unit has been created by the government in the countrywide investigation wings of the Income Tax department for focussed probe in cases of undisclosed assets held by Indians abroad and possession of black money in foreign shores, officials said. The Foreign Asset Investigation Units (FAIUs) have been recently created in all the 14 investigation directorates of the tax department located in various parts of the country that are primarily tasked to undertake raids and seizures, and develop intelligence to check tax evasion done by various methods. A total of 69 existing posts in the tax department were diverted by the Central Board of Direct Taxes (CBDT) in November last for the creation of this unit after approval from Union Finance Minister Nirmala Sitharaman, a senior officer told PTI.
DRDO develops multiple products to help Indian army battle extreme cold in deployment against China
The products are developed for the Indian Army deployed in Eastern Ladakh, Siachen and high altitude areas (Representational image)
(AFP)Premium
. Updated: 10 Jan 2021, 05:04 PM IST ANI
The Indian Army has placed an order of more than ₹420 crores for Him Tapak space heating device (Bukhari), a DRDO official said
DRDO has also developed Alocal cream that helps in preventing frostbite chilblains and other cold injuries to soldiers
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Read Full Story With over 50,000 Indian troops are deployed in Eastern Ladakh to fight against China, the Defence Research and Development Organisation (DRDO) has developed multiple products such the Him-Taapak heating devices and snow melters to help the soldiers fight the enemy in form of the extremely low temperatures.
China’s new rules amp up pressure on US businesses
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The rules include blocking Chinese companies like Huawei from obtaining certain components made by US or foreign suppliers or US technology
(REUTERS)
Stella Yifan Xie
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Hong Kong: Beijing hit back against recent US restrictions targeting Chinese companies, saying it plans to ban Chinese firms and citizens from complying with foreign laws and sanctions it deems “unjustified.
Beijing’s new rules, released Saturday, also allow Chinese companies to sue in Chinese courts those who comply with the foreign laws.
The rules come after the US imposed various restrictions against Chinese companies. Those include blocking some Chinese companies like Huawei Technologies Co. from obtaining certain components made by US or foreign suppliers, or accessing US technology.