According to the Ministry of Finance, during the searches, the tax officials found incriminating evidence that revealed that the goup had been engaged in obtaining accommodation entries.
Odisha is one of the states which had opted for option 1 of the two choices provided by the Centre for borrowing to meet the GST shortfall caused by Covid-19 pandemic.
The Ministry of Finance has recommended that going forward, clerical recruitments for the twelve public sector banks will be conducted in the 13 regional languages along with English and Hindi.
The Credit Guarantee Scheme for Micro Finance Institutions was announced in June as part of a Rs 6.29 lakh crore package to provide relief to various sectors affected by second wave of the pandemic.
Such loan offers were generated using the customer transactions data within the banks.
As per the latest notification issued on Friday, the last date for submission of bids has been extended from August 17 to 26.
130 countries on Thursday agreed to an overhaul of global tax norms to ensure that multinational firms pay taxes wherever they operate and at a minimum 15 per cent rate.
The state can allocate the amount as a grant to rural local bodies who can use it for various prevention and mitigation measures needed to combat the pandemic.
The ministry said that up to 50 per cent of the amount released i.e. Rs 4436.8 crore can be used by the states for COVID-19 containment measures.
A 1987-batch IAS officer of Karnataka cadre, Seth replaces Tarun Bajaj, who moved as Revenue Secretary in the Ministry of Finance.
In that context, the government may have set out with good intentions, but in the end embarrassed itself and sacrificed its own credibility in lieu of anticipated political mileage.
Sanyal sounded positive when he spoke about how well the economic reforms and COVID response strategies have been received by the states.