US budget deficit surges to record $2.81 trillion : Bulletin: Business Today
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US budget deficit surges to record $2.81 trillion

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BusinessToday.In | August 13, 2020

DGGI uncovers GST evasion worth Rs 17.2 cr after multiple searches

The Directorate General of GST Intelligence (DGGI) conducted multiple searches at premises of a major cement manufacturer in Madhya Pradesh and Uttar Pradesh over the last seven days and detected GST evasion of Rs 17.2 crore.  The DGGI, the enforcement arm of the Central Board of Indirect Taxes & Customs (CBIC), has arrested a director of the company from Satna in Madhya Pradesh in this connection, it said.

H-1B visa ban: Trump administration relaxes norms, allows return for same jobs with same employers

The Trump administration has made some exceptions to the recent H-1B visa ban by allowing visa holders to enter the country if they want to return to the same job they had before the ban was imposed in June. Such H-1B Visa holders will also be allowed to take their dependents, including spouses and children, along with them.

IPL may get new bidder as edu-tech firm Unacademy eyes title sponsorshipEducation technology company Unacademy, which is already one of IPL's sponsors, is eyeing the league's title sponsorship rights now and is set to submit its bid to replace Chinese mobile phone company Vivo this season. A BCCI official confirmed that Unacademy has picked up the bid papers but refrained from making any comments beyond that.

COVID-19 in Kerala: Cops using call records of patients for contact tracing, says CM Pinarayi Vijayan

Phone call detail records (CDRs) of COVID-19 patients are being used by the police in Kerala as part of adopting innovative and scientific methods for effective contact tracing, Chief Minister Pinarayi Vijayan said on August 12.

The chief minister assured that the details would not be used for any other purpose and there would be no intrusion into the privacy of the patients.

US budget deficit surges to record $2.81 trillion

The US budget deficit climbed to USD 2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday. The nation's budgetary shortfall is expected to eventually reach levels for the fiscal year that ends September 30 more than double the largest annual deficit on record.

L&T, GMR, Bombardier, Alstom among 23 companies interested in running private trainsMore private firms joined the fray for running trains with participation in the second pre-application meet going up to 23 from 16 prospective bidders earlier. Among the big corporates showing interest in the Rs 30,000 crore private rail project are Bharat Forge, BEML, BHEL, Bombardier, CAF, Gateway Rail, GMR, Alstom, GMR, L&T, Siemens and Sterlite Power.

The two large business conglomerates Tata and Adani remained absent in the conference.

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