Delhi govt warns strict action against companies defaulting on tax payments

Cracking the whip on tax defaulters, the Tuesday warned them of stringent action as it found that 10,800 companies did not pass on the full amount they collected from people as taxes, an official statement said.

It stated that around 970 companies have paid zero tax to the from January to March.

The statement said the government has issued notices to all defaulters, saying that the tax should be paid within 15 days failing which stringent action would be taken against them.

The has so far evaluated 15,000 companies and plans to examine seven lakh firms registered under the GST, the statement said.

“The Delhi government has received around Rs 2,015 crore lesser tax than last year’s (collection). In 2019, the government had collected around Rs 5,792 crores as tax returns but this year from January to March, the tax collection has been only Rs 3,777 crore,” the statement said.

The Delhi government has also issued notices to 111 liquor companies that did not pay VAT from January to March.

In the statement, Deputy Chief Minister Manish

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Mondelez India expands portfolio, gears up to revamp operations

Despite disruption in business in the past few months, is gearing up to revamp its operations. The country’s largest chocolate maker is expanding its portfolio in bakery, rationalising its shelf-keeping units (SKUs) and improving direct reach in search of growth.

The firm now plans to expand its value-added bakery portfolio that it ventured into recently. According to Managing Director Deepak Iyer (pictured), its focus will remain on establishing its brands in the segment and Mondelez is focusing on the bakery market for the long haul. “While share of the bakery segment in our India business remains low, we recently launched two products and entered into the cake category,” he said.

Further, to bring agility into its portfolio, the company is undertaking an overhauling exercise for its SKUs. The plan is to weed out less effective packs and replace them with more suitable SKUs, based on learnings from consumer insights.

It has adopted a two-pronged strategy and plans to focus on both premium and entry-level segments of the market. In India, majority of the packs of chocolates that are sold are priced at Rs 10 or below and

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Zimbabwe President Mnangagwa Vows To ‘Flush Out Bad Apples’

Zimbabwean President Emmerson Mnangagwa on Tuesday warned he would “flush out” what he called “bad apples” as rights groups reported dozens of activists had been arrested in a broad crackdown on dissent.

Mnangagwa, who took over from longtime ruler Robert Mugabe after a coup in November 2017, said his administration was facing “many hurdles and attacks” including “divisive politics of some opposition elements”.

“The bad apples who have attempted to divide our people and to weaken our systems will be flushed out,” he warned in an impromptu nationwide address from the State House in the capital Harare.

“We will overcome attempts at destabilisation of our society by a few rogue Zimbabweans acting in league with foreign detractors.”

His speech came days after the authorities thwarted protests called by Jacob Ngarivhume, the leader of a small opposition party, against alleged state corruption and the country’s slumping economy.

The government described the protests as an “insurrection”, and the police banned them citing coronavirus regulations.

“The protection of the right to life is paramount, especially in light of the COVID-19 pandemic and machinations by destructive terrorist opposition groupings,” the president said.

“We make no apologies for fixing our systems across the socio-economic and

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