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Notices issued to three Chinese mobile companies for tax evasion: Sitharaman

Notices issued to three Chinese mobile companies for tax evasion: Sitharaman

The government is looking into cases of alleged tax evasion by Chinese mobile companies Oppo, Vivo India and Xiaomi and notices have been given to them, Finance Minister Nirmala Sitharaman informed Rajya Sabha on Tuesday.

The Department of Revenue Intelligence (DRI) has issued a notice to Oppo for total customs duty of Rs 4,389 crore and these are on the grounds of misdeclaration of certain goods leading to a short payment in customs duty, she said, adding, "duty evasion we think is about Rs 2,981 crore".

"Undervaluation of imported goods for the purpose of payment of customs duty, that we think is an evasion of Rs 1,408 crore," she said.

She said voluntarily they have come about to deposit Rs 450 crore, much against the demand of Rs 4,389 crore.

She was replying to supplementaries during Question Hour.

Regarding the other companies, she said Xiaomi, which deals with assembled MI mobile phones, has been issued three show-cause notices.

"'The approximate duty liability there is about Rs 653 crore. For the three show cause notices, they have been issued, they have deposited only Rs 46 lakh," the minister said.

For Vivo India, a demand notice has been issued for Rs 2,217 crore for which they have deposited Rs 60 crore as a voluntary deposit, she informed the House.

"Besides these, the ED is looking at 18 companies that were established by the same group Vivo and there they have voluntarily remitted Rs 62 crore as deposits but the parent company outside of India has total sales of 1.25 lakh crore.

"Of the Rs 1.25 lakh crore total sales, Vivo has transferred through these 18 companies huge amounts of funds and it is believed that Vivo India has, in turn, remitted 0.62 lakh crore to its parent company which is outside India," Sitharaman said.

In her written reply, the finance minister said a show cause notice demanding Rs 4403.88 crore has been served on Oppo Mobiles India Ltd. based on the investigation conducted by the Directorate of Revenue Intelligence (DRI).

Five cases of Customs duty evasion have been booked against Xiaomi Technology India, she said

"During the period 2019 to 2022, in respect of Central Board of Indirect Taxes & Customs (CBIC), cases against 43 other such companies have been booked.

"'As regards to Central Board of Direct Taxes (CBDT), Investigation Directorates have undertaken search & seizure actions in cases of five groups pertaining to the telecom sector, in which tax evasion has been detected," Sitharaman said in her written reply.


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Nicki Minaj Shuts Down Allegations Made By Instagram Account Claiming To Be Her Former Assistant

Nicki Minaj Shuts Down Allegations Made By Instagram Account Claiming To Be Her Former Assistant

It was all a lie! Nicki Minaj held the top spot for trending Twitter topics on Monday after an Instagram account claiming to be her former assistant made numerous posts about Nicki, her family and even her finances. According to Onika, the burner account was telling nothing but lies.

The Instagram account, registered to a Kate Miller, made nearly 50 posts threatening to expose secrets about the rapper.

I am Onika ex assistant who she fired for absolutely no proof of fraud with her bank account. I’m exposing all files I have from working for her, Along with the voice messages she sent me regarding many different people.”

In a slew of additional posts, the account alleged that Nicki owes the IRS $173 million in unpaid taxes. Other posts alleged that she paid for her song ‘Freaky Girl’ to make it on the music charts and that Nicki and Kenneth petty named their son Amadeus Cyril Petty, despite the couple’s decision not to reveal his birth name to the public.

1/18

Nicki fired her assistant and the DRAMA -thread

Don’t @ me no nonsense cause I won’t respond cause I’m not a fan I’m just watching the ☕️ unfold pic.twitter.com/V5jO9V8I94

— brèa (@juicebox_bby) August 1, 2022

Nicki hopped on live to shut down the allegations, stating that she believes an entire fanbase is trying to “get rid” of her. She also laughed at the idea of her “assistant” trying to spill her tea online.

Everyday I learn that y’all getting dumber and f*cking dumber. The other day I was on Twitter and I saw this whole fanbase, b*tch. They marked up a whole spreadsheet saying ‘This what we boutta do to get rid of Nicki finally.’ And they was saying all types of sh*t and I just was like woah this is sad right.

I am mind blown that people are this f*cking dumb. That people are really believing that I got somebody that work for me and now they spilling tea, Chile. But, it’s not even that. It’s the tea sound so f*cking dumb. And for a person to believe it, you would have to be dumb. It’s clearly a kid.”

The Instagram page has since been deleted.

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3 vehicle assembly plants in offing to produce 6 global brands – Finance Minister

3 vehicle assembly plants in offing to produce 6 global brands – Finance Minister

Three additional vehicle assembly plants will be established this year to produce a total of six global brands namely, Hyundai, Isuzu, Honda, KIA, Changan, and ZX Auto.

The Toyota assembly plant which commenced commercial production in 2021, will also start assembling Suzuki vehicles this year.

This significant increase in assemblers will broaden the choice of made-in-Ghana vehicles to 13 brands of automobiles.

According to Finance Minister, Ken Ofori-Atta, the Ghana Automotive Development Programme under the Strategic Anchor Industries Initiative, continues to attract investment from global vehicle brands.

In April 2022, Nissan commissioned an assembly plant in Tema in the Greater Accra region.

Currently, it is the largest automotive assembly plant in Ghana, with the capacity to assemble over 31,000 vehicles per annum.

The plant will also produce Peugeot brand of vehicles and these locally assembled vehicles will be marketed domestically and to neighbouring countries. This will bring the number of global brands assembling vehicles under the Ghana Automotive Development Programme to five namely, Volkswagen (VW), Toyota, Sinotruck, Nissan, and Peugeot in addition to Ghana’s own Kantanka.

As part of measures to support the programme, Mr. Ofori-Atta said the enabling Act provided for an increase in the Customs duties to 35% of the CIF value on vehicles in the same category as those being assembled locally and the ban on import of salvaged vehicles and vehicles over 10 years of age.

Government, he said, will pass regulations to implement these measures before the end of the year.

“Additionally, to make the prices of these vehicles competitive, supplies of these vehicles will be zero-rated for VAT purposes until December 2023”, he explained.

Mr. Ofori-Atta continued that automotive assembly opens up opportunities to localise the production and supply of components and parts, including spare parts for the automotive industry.

“In this regard, Government is drafting a Component Manufacturing Policy for implementation”, he added.


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Tiger Woods spurned offer in $800m range to join LIV Golf, Greg Norman says

Tiger Woods spurned offer in $800m range to join LIV Golf, Greg Norman says

Tiger Woods turned down an offer that Greg Norman says was in the region of $700m to $800m to take part in the Saudi-funded LIV Golf series.

During an appearance on Fox News with Tucker Carlson that aired Monday night, Norman confirmed what he told the Washington Post in a story two months ago. Norman told the Post in June the offer was “mind-blowingly enormous; we’re talking about high nine digits.”

Woods has been opposed to LIV Golf since late last year, and he delivered his strongest comments at the British Open when he said players who took the money funded by the Saudi Arabian sovereign wealth fund had “turned their back” on the PGA Tour that made them famous.

When an offer was made to Woods was not clear.

“That number was out there before I became CEO. So that number has been out there, yes,” Norman said in the Fox News interview, which took place Sunday at Trump National in Bedminster, New Jersey, where the third LIV Golf Invitational was held.

“And, look, Tiger is a needle-mover and of course you have to look at the best of the best,” Norman said. “So they had originally approached Tiger before I became CEO. So, yes, that number was somewhere in that neighborhood.”

Various reports out of the United Kingdom have said Phil Mickelson received a $200m signing bonus, while Dustin Johnson received $150m. The 48-man fields, which play 54 holes with no cut, offer $25m in prize money at each event. Norman announced a 14-tournament schedule for next year.

LIV Golf currently has only one player – Johnson at No 18 – from the top 20 in the world.

The source of the funding has led to sharp criticism of the series and the players who have enlisted because it is viewed as an attempt to distract attention from its human rights record and links to the September 11 terrorist attacks.

Asked why his rival tour has caused such an uproar among American golf fans, Norman responded plainly, “I don’t know.”

“I really don’t care,” Norman said. “I just love the game so much and I want to grow the game of golf and we at LIV see that opportunity not just for the men but for the women.”

The LIV Golf Invitational is off for a month during the FedEx Cup playoffs on the PGA Tour, returning over Labor Day weekend about an hour west of Boston, and then two weeks later plays in the Chicago suburbs.


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Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi

Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi

Coinbase

Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi

Cryptocurrency exchange Coinbase is seeing a growing focus on Ethereum competitors, the institutionalization of decentralized finance (DeFi), and non-fungible tokens (NFT).

This week, Surojit Chatterjee, Chief Product Officer at Coinbase, released some predictions for 2022. It noted that while it is expecting Eth scalability to improve, with crypto going mainstream, scalability changes for ETH are likely to grow further.

“I am optimistic about improvements in Eth scalability with the emergence of Eth2 and many L2 rollups,” said Chatterjee. He also sees the emergence of new L1s besides the current competitors like Solana and Avalanche. This, in turn, will lead to improvements in speed and usability of cross-L1 and L1-L2 bridges.

19. Eth like btc will suffer the same law of large numbers problems and while good investements most likely will be harder to attract riskier and more abundant capital flows imo

— C.M.S (@cmsholdings) December 31, 2021

Zero-knowledge proof (ZKP) technology is also predicted to get increased traction both from users and investors, said Coinbase. This has already been seen with Polygon and Starknet. With this, new privacy-centric use cases will emerge, bringing more regulatory attention to crypto as KYC/AML could be a real challenge in privacy-centric networks.

In the world of DeFi, Coinbase sees these protocols embrace regulation, have separate KYC user pools and insurance. The growth of regulated DeFi will result in institutions playing a much more significant role in this sector, who are attracted to much higher interest-based returns compared to traditional financial products.

17. On DeFi in general we are going to as a community fuck with all the tokenomics and turn the sector around it’s just clear as day.

— C.M.S (@cmsholdings) December 31, 2021

As for NFTs, Chatterjee sees them continue expanding and becoming the next evolution of users’ digital identity to the metaverse. “We’ll see creator tokens or fan tokens take more of a first-class seat,” he added.

These metaverses created by users will become the future of social networks and start threatening today’s advertising-driven centralized versions of social networks.

Besides users, brands will also jump into NFTs for marketing and establishing loyalty. Already this year, tech giant Facebook (now Meta) has rebranded itself as a Web3 company, and Coinbase sees other big Web2 companies joining the Web3 and metaverse, but they will be centralized and closed networks.

7/ Crypto fixes this. If Web2 was communism driven by dictatorial regimes of advertising regimes, Web3 introduces capitalism to the internet.

NFTs and fungible tokens are early examples of this – the former allows accumulation of unique things, the latter a piece of public goods

— Do Kwon 🌕 (@stablekwon) December 30, 2021

The latest trend of decentralized autonomous organizations (DAOs) will also become more mature and mainstream, said Chatterjee. But as more people join DAOs, DAO 2.0 will take its place.

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.


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Wing Finance gains 167% in a week: here’s where to buy WING token

Wing Finance gains 167% in a week: here’s where to buy WING token

The price of Wing Finance token has been on the rise in the past few days, especially since Thursday, July 28. The price skyrocketed to hit a high above $53 on Friday, July 29 before taking a major dive to its current price of $16.69. WING token has gained about 167.8% over the past 7 days and it is still bullish.

Nevertheless, investors believe that last week’s price hike is a pointer that the WING token could jump to higher highs in the coming days. After all, it is currently trading at more than triple its price on July 27, which is about five days ago.

To help investors and traders who want to take advantage of the Wing Finance token especially now that it has dropped from its Friday’s high, Coinjournal has created this brief article to help with identifying the best places to buy WING tokens.

To find out more, please continue reading.

Best places to buy Wing Finance token

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy WING with Binance today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients' funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy WING with OKX today

What is Wing Finance?

Wing Finance, commonly just referred to as Wing, is a credit-based, decentralized platform that is designed for crypto-asset lending and cross-chain communication between Decentralized finance (DeFi) projects.

It aims at making crypto lending services more inclusive via a credit evaluation module that eliminates the need for use of collateral in borrowing. It also allows for the creation of new blockchain projects.

Wing uses decentralized governance (DAO) coupled with a risk control mechanism to develop a relationship between creditors, borrowers, and guarantors. This has increased the number of projects using the platform and also increased accessibility to crypto lending and borrowing services to users

Wing has successfully managed to tackle the problem of over-collateralization that plagues the DeFi industry by using the Wing DAO. The DAO has built a credit-based DeFi protocol that runs on the Ontology (ONT) blockchain and it allows users to also take part in the decision-making, operations, and product design processes.

Should I buy the WING coin today?

If you are looking for a cryptocurrency that has shown signs of taking off in the coming days, especially in the wake of the recent crypto market meltdown, then Wing Finance could be a good choice.

Nevertheless, you should take caution since the crypto market is extremely volatile as just witnessed with WING over the weekend where its price rose to above $53 and dived below $20 in a matter of five days.

Wing Finance price prediction

A majority believe that Wing Finance the hike on Friday was just a warm-up and it could be poised for a major take off especially following the rising activity on the Wing platform.

Wing platform recently launched the Wing NFT Pool and announced the Wing x Flamingo Joint Event and Wing Polkapets NFT Airdrop Update.

All eyes are on a target price of $60 before the end of this week.

Wing Finance social media coverage

🚨UPGRADE ANNOUNCEMENT #Wing Flash Pools are undergoing an upgrade from 3:00 am on 1st August for optimization of $WING distribution model. 🙌

Users will be informed when the upgrade is complete.#DeFi pic.twitter.com/cSvGoRyAy0

— Wing (nft.wing.finance💙) (@Wing_Finance) August 1, 2022

🚨UPGRADE ANNOUNCEMENT #Wing Flash Pools are undergoing an upgrade from 3:00 am on 1st August for optimization of $WING distribution model. 🙌

Users will be informed when the upgrade is complete.#DeFi pic.twitter.com/cSvGoRyAy0

— Wing (nft.wing.finance💙) (@Wing_Finance) August 1, 2022


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Carillion watchdog report: how its ‘misleading’ finances were produced

Carillion watchdog report: how its ‘misleading’ finances were produced

Last week, three former Carillion directors were landed with nearly £1m worth of provisional fines for what the Financial Conduct Authority (FCA) described as their roles in hiding the contractor’s sinking fortunes. Their actions amounted to “misleading [and] reckless […] market abuse”, the watchdog said.

If it were not in liquidation, the contractor itself would have been fined £37.9m.

At the time of its collapse, the Birmingham-headquartered company was the second-largest contractor in the UK and employed 43,000 people globally.

But when it disclosed an expected provision of £845m in July 2017, it shocked the market. Carillion’s share price tumbled by 39 per cent. Within three days it had fallen by 70 per cent. Six months later it collapsed.

In four lengthy reports, stretching to nearly 300 pages in total, the FCA has set out what it believes happened inside the contractor, from 1 July 2016 to 10 July 2017.

The FCA reports paint a picture of directors keeping crucial information from their audit committee and board, and changing their financial policies to paint a rosy picture of an increasingly desperate sink into collapse.

Former chief executive Richard Howson has been given a provisional £397,800 fine, while chief financial officer Richard Adam was handed one totalling £318,000. His successor, Zafar Khan, has been given a provisional fine of £154,400.

The trio are taking the regulator’s findings to the UK’s appeal court, known as the upper tribunal, which will decide whether to uphold the FCA’s fines or take further action.

Pressure to meet ‘unrealistic financial targets’

As the contractor moved through 2016 and into 2017, it was facing mounting problems on a range of jobs. These included its £286.1m scheme to design and build the Royal Liverpool Hospital, and a £296.9m job to construct the Midland Metropolitan Hospital.

But those issues did not fit with the budget and re-forecasting challenges laid out by Carillion’s senior management. The plans were becoming “increasingly challenging and difficult to achieve”, the FCA said.

Management put “significant pressure” on people within Carillion’s UK construction arm to “apply increasingly aggressive contract accounting judgements” to raise the apparent financial performance of projects. The employees who were pressured into the changes viewed those targets as “unrealistic”, according to the financial watchdog.

Mounting pressure from directors to reduce the reported costs on projects led to the adoption of new financial reporting methods, the FCA said.

The contractor began to use negative accruals on a number of large projects, including the Royal Liverpool Hospital and Aberdeen Western Peripheral Route. They had been “generally prohibited” by the contractor beforehand, but were adopted in an attempt to “hold the position” on its profit margin, the FCA said.

The negative accruals were claims that Carillion had against customers and suppliers on jobs that it treated as discounts on what it owed, even though the claims had not been realised.

The accounting approach effectively allowed Carillion to reduce its costs on projects.

In an internal email, a staff member said they could not make their profits meet the contractor’s targets and so costs had to be suppressed. “This has, unfortunately been done by applying negative accruals,” the email continued.

An investigation into the use of negative accruals by Carillion found the process was used on four major projects. The FCA report names three of these: the Royal Liverpool Hospital, Aberdeen Western Peripheral Route and phase one of the Battersea Power Station redevelopment. The use of the accruals across all four amounted to a £102m difference in its accounts.

Howson was told about the investigation into negative accruals and he was “regularly updated” on the progress of the investigation, according to the watchdog.

It was found that the use of negative accruals should be reversed, but that this would see costs jump. An internal statement published by the contractor said: “High-level instructions such as to ‘hold the position’ (i.e. maintain the traded margin) may, if crudely implemented, have unintended consequences.”

But, rather than restating its most recent accounts, as had been suggested, Carillion attempted to justify its 2016 accounts by “significantly increasing the value of certain claims”. In some cases, Carillion introduced “new claims or revenue streams” to bolster its position, the FCA said.

Reviews held back

On a quarterly basis, the contractor carried out major reviews into the work it was carrying out. These focused on the financial exposure linked to individual projects and included a traffic light system to show how serious the issues were.

Howson and other senior directors received a major contracts summary once they were finished.

In October 2016, one such summary identified a “likely” exposure to Carillion’s construction arm in the UK of £173m. Eleven of the 16 projects it had noted were marked with a red flag, and the amount had increased by £14m in comparison with the prior quarter.

Howson was also informed about the levels of financial risk at the contractor. Risk was forecast to reach around £172.7m by the end of December 2016. In January 2017, it was revealed that it had ballooned to £258.4m by December.

Due to his experience in the construction field, Howson “must have understood” the meaning of the revelations. “However, Mr Howson took no meaningful steps to understand, assess or address the increasing levels, and accumulated values of hard risk being reported to him,” the FCA said.

‘Must have been aware’

Howson’s reports to Carillion’s board and audit committee “painted a much more optimistic picture” than internal discussions showed, the FCA said. By reporting revenue “traded, not certified”, the accounts included revenue that had not yet been agreed with clients, thus giving it an additional boost.

The amounts reported in the announcements to the committees were false, and omitted vital information about what the revenues from certain jobs actually were. Howson, the FCA said, “must have been aware […] [with] his extensive knowledge of the construction industry” that the information would have been “highly relevant” to both the board and the audit committee. Despite that, he “failed” to ensure information was presented to either of the groups.

When Carillion put out its huge provisions for the first time in mid-2017, and saw its share prices dive, the monthly management accounts for its UK projects had provisions that were “broadly unchanged” at £17m. In fact, its provisions were much higher.

External auditors, who carried out a review of 58 of Carillion’s projects, covering nearly half of its revenue for the year, had recommended a provision of £695m in July 2017.

Howson, Khan and Adam are taking the FCA’s case to the upper tribunal appeal court.

Effects still being felt

The effects of Carillion’s collapse are still being felt across the industry.

At the time of its liquidation, Carillion was building the Midland Metropolitan Hospital. The job was thrown into disarray as the contractor fell apart and it is now six years behind schedule. Balfour Beatty took over the project after Carillion went bust.

The Royal Liverpool Hospital, which Carillion was also building, is set to open by October, some five years later than expected, with the facility being completed by Laing O’Rourke.

Carillion’s construction arm was estimated to have liabilities of close to £7bn when it went bust. It owed £1.9bn to creditors at the end of 2016, according to its last published set of accounts. It was known to have 30,000 suppliers – with some subsequent administrations blamed on its demise and the money it owed.

As one CN reader said on social media last week, after the fines were announced: “[They don’t] bring back all the companies that were left high and dry though, [do they]?”


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Sitharaman cites numbers, says India not facing recession risk

Sitharaman cites numbers, says India not facing recession risk

NEW DELHI: Finance minister Nirmala

Sitharaman

on Monday said India is not facing any risk of recession and cited robust GST collections and Purchasing Managers’ Index (PMI), a measure of trends in manufacturing, to stress that the economy’s fundamentals are strong.

In nearly two-hour long reply to a debate on price rise in Lok Sabha, Sitharaman said the country is doing better than its peers and “there is no question of India getting into recession or stagflation or a technical recession like the US” as she cited reports of some global agencies. The minister said GST collection rose 28% to touch the second-highest level of Rs 1.49 lakh crore in July after a touching a record high of Rs 1.68 lakh crore in April 2022.

Listing out some parameters, the minister said the country’s debt-to-GDP ratio is better than those of many developed nations, including Japan, while gross NPAs of commercial banks reached a six-year low of 5.9%. She said the Purchasing Managers’ Index also touched an eight-month high.

“The pandemic, second wave of Covid, Omicron, Russia-Ukraine (war) — in spite of all this we have held inflation at 7% or below,” she said. In the middle of the FM’s reply, Congress and DMK staged a walkout.

On opposition criticism of increased GST on some essential items, she said it was a unanimous decision of the GST Council comprising state finance ministers as well. Earlier, the opposition blamed the government’s policies for price rise, saying kitchens will soon “see a lockdown” if corrective measures are not taken.

Initiating the debate, Congress member Manish Tewari said the government’s decisions have hit hard 25 crore households in the country. “You have increased GST on flour, curd, paneer, pencil and sharpener. You did not spare even children.”

DMK MP M Kanimozhi said states have been waiting for their GST compensation from the Centre which would enable them to manage their finances better. Sitharaman too switched to

Tamil

while replying to Kanimozhi’s “passionate speech”. Referring to Kanimozhi’s mention of a letter written by a six-year old girl to PM Modi on costlier pencil and Maggi, the finance minister said the girl has faith in the Prime Minister and that is why she has written to him.


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Finance minister defends govt on prices as Parliament gets back to work

Finance minister defends govt on prices as Parliament gets back to work

NEW DELHI: After two weeks of virtual washout, Parliament transacted legislative business again on Monday with the Lok Sabha taking up a debate on price rise during which finance minister

Nirmala Sitharaman

assured the members that the macroeconomic fundamentals of the economy remain strong.

The debate was held after Speaker Om Birla revoked the suspension of four

Congress

MPs. He sought assurance from all

opposition

members that they will not bring placards to the House and warned of stringent action against those who violate the rules that bar members from bringing any “exhibits” to the House.

After both Houses suffered repeated disruptions in the morning session, the Rajya Sabha also passed two bills post lunch.

india (4)

Earlier in the day, Union ministers Pralhad Joshi and Piyush Goyal said the government was ready for discussion on price rise issue and revocation of suspension if the opposition members or the leader of Congress assured the House that none of its members would bring back placards. Goyal had also accused the opposition of running away from discussion fearing the government would expose how states ruled by them didn’t do enough to bring down prices.

When the Lower House met after lunch break, Birla made an appeal to MPs from both the benches to allow the House to function and also cited the poor productivity rate. Earlier he had held a meeting with the floor leaders, where it was decided that the government would move a proposal to withdraw the suspension of the four Congress MPs.

“To maintain decorum in the House is the responsibility of all members and we must comply with the rules and norms,” Birla said. Congress leader Adhir Ranjan Chowdhury and parliamentary affairs minister Joshi also spoke on the same lines with the former assuring the House that the party will comply with the norms.

In Rajya Sabha, soon after the House met in the morning, Shiv Sena MPs accompanied by other opposition leaders raised the recent action by Enforcement Directorate (ED) against Shiv Sea MP, Sanjay Raut. Opposition leaders also raised price rise and GST on some daily essentials while seeking immediate discussion.

Trinamool Congress leader Derek O’Brien flagged that the government has not accepted even one issue under Rule 267 in the last six years after demonetisation.

Amid protests and sloganeering by opposition MPs, Goyal said, “They have been demanding that price rise be discussed. Today, it is listed in Lok Sabha. Tomorrow, it will be listed in Rajya Sabha. The Opposition had collectively assured us that once the date is finalized and it is listed, they will allow the House to run properly.”

On the ED issue, Goyal said, “We are law-makers and not law-breakers. Those who break the law face the consequences of the law. I would appeal to them to let the law take its course. The government cannot interfere with the law enforcement agencies. They are doing their job.”


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