MARKETS

BSE Prices delayed by 5 minutes... Prices as on Jun 20, 2019 - 9:08AM   ABB India 1551.95 [ 0.74% ]ACC 1514 [ 1.40% ]Ambuja Cements Ltd. 209 [ 1.24% ]Asian Paints Ltd. 1370 [ -0.85% ]Axis Bank Ltd. 773.5 [ 0.29% ]Bajaj Auto Ltd. 2830 [ 0.29% ]Bank of Baroda 116.9 [ 0.95% ]Bharti Airtel 342 [ 0.07% ]Bharat Heavy Ele 67.95 [ 0.52% ]Bharat Petroleum 378.1 [ -0.33% ]Britannia Ind. 2867.2 [ -0.29% ]Cairn India Ltd. 285.4 [ 0.90% ]Cipla 534 [ 0.09% ]Coal India 258.9 [ 0.60% ]Colgate Palm. 1145.4 [ 0.28% ]Dabur India 378.1 [ -1.06% ]DLF Ltd. 177 [ 0.28% ]Dr. Reddy's Labs 2550.6 [ -1.52% ]GAIL (India) Ltd. 307.9 [ -0.05% ]Grasim Inds. 888 [ 0.72% ]HCL Technologies 1078 [ -0.66% ]HDFC 2180.3 [ 0.09% ]HDFC Bank 2434 [ 0.19% ]Hero MotoCorp 2640 [ 1.25% ]Hindustan Unilever L 1804 [ -0.41% ]Hindalco Indus. 190.1 [ 0.03% ]ICICI Bank 420.1 [ 0.05% ]IDFC L 34.35 [ -1.43% ]Indian Hotels Co 149 [ 1.60% ]IndusInd Bank 1385 [ 0.15% ]Infosys 733 [ -2.51% ]ITC Ltd. 278.35 [ 0.36% ]Jindal St & Pwr 146 [ 0.38% ]Kotak Mahindra Bank 1504 [ 0.37% ]L&T 1514 [ 0.56% ]Lupin Ltd. 703.45 [ -0.75% ]Mahi. & Mahi 615 [ -0.04% ]Maruti Suzuki India 6398 [ -0.55% ]MTNL 7.66 [ -2.17% ]Nestle India 11650 [ 0.31% ]NIIT Ltd. 104.65 [ 0.10% ]NMDC Ltd. 107.5 [ -0.51% ]NTPC 134.65 [ 0.04% ]ONGC 167.35 [ 0.00% ]Punj. NationlBak 75.5 [ 0.20% ]Power Grid Corpo 200.3 [ -0.25% ]Reliance Inds. 1279 [ 0.12% ]SBI 342 [ 0.93% ]Vedanta 166.7 [ -0.95% ]Shipping Corpn. 29 [ -0.17% ]Sun Pharma. 367.4 [ -2.17% ]Tata Chemicals 609.9 [ -1.87% ]Tata Global Beverage 245.4 [ 0.08% ]Tata Motors Ltd. 153 [ -1.07% ]Tata Steel 494.9 [ 0.08% ]Tata Power Co. 63.55 [ -1.24% ]Tata Consultancy 2230 [ -1.32% ]Tech Mahindra Ltd. 730 [ -0.79% ]UltraTech Cement 4505.8 [ 0.34% ]United Spirits 520.5 [ 0.03% ]Wipro Ltd 283.05 [ -3.71% ]Zee Entertainment En 352 [ -0.34% ]

News Details

You can view in detail.
Finance Ministry decides to ‘compulsorily retire’ a dozen senior tax officers 11/06/2019 11:34

After the victory of Modi government for second term, the Finance Ministry has taken a major decision, to clean up the income tax department and "compulsorily retired" a dozen high-ranking officers facing charges ranging from corruption and disproportionate assets to non-performance.

As per the media report, the finance ministry has invoked Rule 56J of the "fundamental rules" against the officers, citing "public interest". The action covers officers of the rank of commissioners, additional commissioners and assistant commissioners and it is understood that more such decisions are in the works.

The first step was taken of sending the message that unacceptable behavior will not be tolerated. There are some more officials with dubious records who have been under observation and they will face action too.

The government has focused on senior officers. The report stated that, three years ago, three senior tax officials were given marching orders using provisions of compulsory retirement.

PM Modi, in 2014, months after taking charge had told ministries that they should go ahead with culling employees who were not performing their duties satisfactorily. Since then, some departments, led by revenue, have initiated action against officers.

The government stated that the officials will be given pay and allowances for three months but will not be entitled to pension benefits.

LOAD MORE