Despite continuous and comprehensive attention to industry, its contribution to income (GDP) and employment didn't touch 25% and 14%, respectively. It is time to give equal, if not more, attention to services and agriculture that consistently contribute the most to income and employment, respectively

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

The revenue department has already started sharing such information among its wings - direct tax, indirect tax and customs departments

The investments have been made even though most of the Amazon's business units in India registered losses during the fiscal

This is for the first time that the FIU, an agency under the Union finance ministry, has undertaken punitive action against an online payment system operating in the country like it has done against public, private and cooperative banks in the past

The company has also been charged with \"defeating and frustrating\" the tenets of public interest and the provisions of the Prevention of Money Laundering Act (PMLA), which aims to keep the country's financial system safe from economic crimes, terrorist financing and black money transactions

The unit had posted a loss of Rs 3,836.8 crore for the financial year ended March 31, 2019, documents filed with the corporate affairs ministry showed

GST intelligence officials also conducted multiple searches in the states of Madhya Pradesh and Uttar Pradesh from August 5 to August 11 at various premises belonging to the cement manufacturer located at Maihar, Satna and their registered dealers and distributor

Even the COVID-19 themed attacks are on the rise. Of the millions of targeted phishing messages seen globally each day, roughly 60,000 include COVID-19 related malicious attachments or URLs

They said the on-site review to be conducted by experts of the global body was scheduled to begin in September-October but the FATF secretariat in Paris has conveyed to India that the review is being tentatively pushed to January-February next year

The Central Board of Direct Taxes, which frames policy for the I-T Department, said in a July 21 order that information like a permanent account number (PAN), Tax Deduction and Collection Account Number (TAN), bank account details, a summary of IT Returns and tax deducted at source (TDS)

According to financial data accessed by business intelligence platform Tofler, a significant share of the funds (Rs 2,309.8 crore) came from Amazon Singapore

Start-ups are consolidating freight operations via digital maketplaces and using tech for better warehouse management

Stock Market LIVE Updates on July 1: ITC, followed by Axis Bank, HDFC, IndusInd Bank, Bajaj Finance, SBI and Reliance Industries were among the top gainers in the Sensex pack. On the other hand, NTPC, Kotak Bank, L&T, ONGC and Nestle India were among the laggards

From smartphones doubling up as room keys to real-time data access for staff to new solutions for cleaner air, technology is transforming the hospitality sector

India-China border dispute: External Affairs Minister S Jaishankar emphasised that this unprecedented development will have a serious impact on India-China bilateral relationship

\"The digital transformation journey for businesses in China, which was previously expected to take three to five years, is now likely to be accelerated to be completed within one year,\" said Jeff Zhang, president of Alibaba Cloud Intelligence

The acquisition will add nearly 50 data science and data engineering experts, with a particular focus on insight automation, to Accenture Applied Intelligence, says Accenture

Sensex, Nifty Live News Today: Companies set to announce their earnings are Reliance Industries, Tech Mahindra, Hindustan Unilever, Apollo Tricoat Tubes, Laurus Labs, Aditya Birla Money among others

Stocks to watch today on April 30: Reliance Industries, Tech Mahindra, Hindustan Unilever, Indian Bank, Indiabulls Housing among others are the top stocks to watch out for in Thursday's trading session