Dr Sanjay Kumar Lal joins as Director (Fin) – Delhi Transco Ltd
Dr Sanjay Kumar Lal, an officer of 2001 batch of Indian Revenue Services has recently joined Delhi Transco Limited as Director (Finance). He has done his Doctorate from prestigious Indian Agriculture Research Institute, Pusa, Delhi. Besides this, he is also a Law Graduate. Dr Sanjay Kumar Lal has a vast experience in the field of Taxation, Account and Finance and his expertise will be of immense use in Delhi Transco. He has worked in various capacities in the Income Tax Department in its different wings such as Investigation, International Taxation, headquarters etc. He has also rendered his services in the Ministry of Finance. During his tenure in the investigation wing, he had conducted various highly successful searches.
Govt seeks Rs 8-10 lakh crore valuation for LIC
New Delhi: India is seeking a valuation of between Rs 8 trillion and Rs 10 trillion for the state-backed Life Insurance Corporation in what’s slated to be the nation’s biggest initial public offering, Bloomberg reported.The government is considering selling a 5-10 per cent stake in the company, which could raise between Rs 400 billion and Rs 1 trillion, according to the people with knowledge of the matter, who asked not to be identified as the matter is private. The potential valuation is based on preliminary talks and may change after further discussions, due diligence and an official valuation report, the report said.
Lower GST on tetra packs caused Rs 948 cr loss: Think tank
New Delhi: Pandit Deendayal Upadhyay Smriti Manch, a Delhi-Mumbai based think tank, has highlighted that tetra pack is incorrectly categorised in the 12 per cent GST slab as a paper based aseptic packaging, while other aseptic packaging containing plastic or aluminum or multi-materials like tetra-pack attract 18 per cent GST rate. The think tank has appealed to the GST council, Central Board of Indirect Taxes and Customs (CBIC) and the Finance Ministry to amend the GST slab of Tetra pack from 12 per cent to 18 per cent. “Due to the GST anomaly, tetra packs have become a source of unethical tax saving for brands,” said Vinod Shukla, president of Pandit Deendayal Upadhyay Smriti Manch and nephew of Deendayal Upadhyay.