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Read more about Ministry of Finance Releases 13th Weekly Instalment Of Rs 6000 Crore To States on Business Standard. The Ministry of Finance, Department of Expenditure has released the 13th weekly instalment of Rs. 6,000 crore to the States today to meet the GST compensation shortfall. Out of this, an amount of Rs. 5,516.60 crore has been released to 23 States and
Read more about Nirmala Sitharaman holds pre-Budget meeting with state finance ministers on Business Standard. Finance Minister Nirmala Sitharaman on Monday held a meeting with state finance ministers who suggested steps to revive growth and boost revenue collection against the backdrop of COVID-19 crisis.
Jalpower Corporation (JPCL) was executing 120-mw Rangit Stage-IV Hydroelectric Project in Sikkim. JPCL is currently undergoing Corporate Insolvency Resolution Process which was initiated on 9 April 2019 vide an order of NCLT and Sanjay Kumar Deewani was appointed as Interim Resolution Professional (IRP). In its resolution proposal (RP), NHPC had proposed a resolution amount of Rs 165 crore as full and final settlement for all stake holders including financial, operational and other creditors. NHPC's RP was found to be feasible and viable and the company was declared as the successful resol...
Odisha Goods and Services Tax (GST) Commissionerate busted tax invoice fraud to the tune of Rs 510 crore and arrested its mastermind, Sandeep Mohanty in Cuttack, an official said on Friday. SK Lohani, Odisha Commissioner, Central Tax (CT) and GST while talking to ANI said that the accused has accepted his crimes. "There are people who try to misuse the GST system. After analysis of data, we shortlist doubtful tax returns and do field checks of such filing entities. In this process, we found a tax theft racket where a person named Sandeep Mohanty used fake purchase and sale invoices of Rs 51...
Jubilant Life Sciences announced that the Hon'ble National Company Law Tribunal, Allahabad Bench ('NCLT') has, by its Order dated 23 December 2020, sanctioned the Composite Scheme of Arrangement under Sections 230 to 232 read with Section 66 and other applicable provisions of the Companies Act, 2013 amongst HSB Corporate Consultants, Jubilant Stock Holding, SSB Consultants & Management Services, JCPL Life Science Ventures and Holdings, JSPL Life Science Services and Holdings, Jubilant Life Sciences and Jubilant Ingrevia and their respective shareholders and creditors. Powered by Capital Mark...