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Cheating case registers against 15 on Paytm’s complaint to CBI

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New Delhi, December 16: The CBI has registered a case on a complaint received from Parent company of Paytm against 15 Paytm customers, for cheating the digital wallet to the amount of Rupees 6.15 lakh.

One97 is the parent company of Paytm which is backed by China's Alibaba Group. Case registered under various charges dealing with criminal forgery, conspiracy and under provisions of the Information Technology (IT) Act, sources said.The case has been registered against 15 private persons who were regular

The case has been registered against 15 private persons who were regular Paytm customers. In its complaint, Paytm said that in some cases from March 2014 to April 2016, where refunds were made to the customers, delivery of orders was also successfully made on the same customers.

Since delivery of orders was successful, refund should not happen. The generation of refunds has led to loss to Paytm to the tune of Rs 6.15 lakhs. The cyber cell of the CBI has been doing it since 2000," Devpreet Singh told sources, adding,

Devpreet Singh told sources, adding, " And we have done cases for Snapdeal, Google, Microsoft and lot of other companies on their complaints and it is the job of the cyber cell."  Asked if it was usual for the CBI to take up cases of private companies until they have been referred by the central government or on the directions of the Supreme Court or a high court, Singh said: "

The CBI can register cases under IT Act in the territory of Delhi even against private individuals." Paytm, which has a user base of 150 million as on November 21, said that over five million users were added after the recent

The CBI can register cases under IT Act in the territory of Delhi even against private individuals." Paytm, which has a user base of 150 million as on November 21, said that over five million users were added after the recent demonetisation of high-value currencies. It processes over seven million transactions a day, worth Rs 120 crore.

Wefornews Bureau

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GST Council nod for mandatory e-Way Bill for inter-state goods movement

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GST Bhavan. (File Photo: IANS)
GST Bhawan (File Photo)

New Delhi, Dec 16: The Goods and Services Tax (GST) Council on Saturday approved mandatory compliance of e-Way Bill for inter-state movement of goods from February 1, sources said here.

Some states might roll out both inter-state and intra-state e-Way Bill from February 1 on a voluntary basis. The system for e-Way Bill will be available from January 15.

E-way bill for intra-state will be compulsory from June 1, the source added. However, implementation of e-Way Bill for intra-state movement will done in a staggered manner from February.

IANS

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Cabinet nod to amend Specific Relief Act for ease of business

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Ravi Shankar Prasad( Law Minister)

New Delhi, Dec 15: In a move to further ease procedures for doing business in the country, the cabinet on Friday approved a bill proposing to amend the Specific Relief Act, 1963, Law Minister Ravi Shankar Prasad announced here.

Briefing reporters here after a cabinet meeting, the Minister said that with the concerned bill slated to be tabled in the winter session of Parliament, he was unable to elaborate any further on the proposed legislation apart that it was for “ease of doing business.”

“Among the significant decisions, the cabinet approved the proposal to introduce amendments to the Specific Relief Act, 1963, as part of ease of doing business,” Prasad said.

“The Specific Relief Act, 1963, is being changed substantially..being modernised for promoting growth and investment,” he added.

The government has been contemplating amendments to the Specific Relief Act to limit the compensation and relief that courts can give in cases involving execution of infrastructure and development projects.

According to official sources here, the proposed changes seek to introduce guidelines for reducing the discretion granted to courts and tribunals while granting performance and injunctive relief.

The government constituted a five-member expert committee last year, to review the Act and suggest changes needed to remove bottlenecks in execution of contract-based infrastructure development, public private partnerships and other public projects.

In its report, the committee recommended changes in the law to limit the powers of courts to award relief.
“Any publi” work must progress without interruption. This requires consideration whether a court’s intervent’on in public works should be minimal. The role of courts in this exercise is to interfere to the minimum extent so that public works projects will not be impeded or stalled,” the committee “aid in its report.

IANS

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CBEC hikes customs duty on mobile phones, TVs and other electronic items

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New Delhi, Dec 15: The Ministry of Finance on Friday increased customs duty on import of mobile phones and other electronic devices such as televisions, mobile projectors, microwave and water heaters.

In a notification issued by Central Board of Excise and Customs (CBEC), the customs duty on certain sections of mobile phones has been raised from 10% to 15%.

While customs duty on television sets has been scaled up to 15 per cent from the existing 10 per cent.

Similarly, the customs duty on monitors, microwave ovens, projectors has been doubled to 20 per cent, as per the notification.

The Custom duty on push button telephones or mobile phones has been raised to 15 per cent from nil.

The changes will impact tech and electronic titans such as Apple, Sony which have been planing to set up manufacturing units in India.

WeForNews 

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