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India’s ‘Panama Papers’ on shell firms, tax loopholes gather dust -Gopikrishnan

-DailyPioneer.com Tax firm’s leaked data includes correspondences with 33 Cos, HNWIs India’s own ‘Panama papers’ are gathering dust with law enforcement agencies and the Delhi High Court (HC). The 1.5 GB leaked data belongs to the tax consulting firm Nishith Desai Associates and includes controversial tax-related correspondences involving 33 of India’s biggest corporates and several high-net-worth individuals (HNWIs). A Delhi-based whistle-blower, who is a software engineer, first got the sensational data and communications...

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‘PM CARES has paid only for three-fourths of ventilators ordered in April 2020’ -Priscilla Jebaraj

-The Hindu More than 16,000 machines from private manufacturers yet to be installed: Health Ministry data More than a year after the PM CARES fund announced it would buy and distribute 50,000 ventilators for ₹2,000 crore, only ₹1,532 crore has been released, according to a Health Ministry response to a Right to Information request filed by Commodore Lokesh Batra (Retd). The remaining money is awaiting clearance from the fund, said an official. A...

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Over 2.9 lakh cyber security incidents related to digital banking reported in 2020: Dhotre

-PTI/ The Hindu The Minister of State for Electronics and IT Sanjay Dhotre noted that the rising popularity of non-banking financial companies (NBFCs) along with e-commerce has also expanded the scope of digital payments. Over 2.9 lakh cyber security incidents related to digital banking were reported in 2020, Parliament was informed on Thursday. As per the information reported to and tracked by Indian Computer Emergency Response Team (CERT-In), a total number of 1,59,761;...

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Tax dept. asks officers working from home to chase large taxpayers for dues

-PTI/ The Hindu “While the ITBA platform is not available to the officers for discharging statutory functions, it is still possible to follow up the pending collection matters by contacting large taxpayers telephonically/electronically,” IT Commissioner said. A three-month extension in deadlines for tax payment and filing of returns notwithstanding, the Income-Tax Department has asked field formations to contact large taxpayers over phone or email to follow up on pending collections. Rakesh Gupta, Commissioner...

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'Digital divide' persists despite the country's desire to become a digital giant

  A recent report of the Ministry of Statistics and Programme Implementation (MoSPI) brings forth the dichotomy between digital divide and India’s transition towards a cashless economy. The rural-urban divide in access to computer and internet is quite stark, according to the report entitled 'Key Indicators of Household Social Consumption on Education in India, July 2017 to June 2018'.   The 75th round National Sample Survey (NSS) report on education finds that...

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