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Time of India
3 hours ago
- Time of India
Chhattisgarh GST dept busts Rs 1 crore tax evasion by medical supplier in Rs 48 crore govt supply scam
Representational image RAIPUR: Chhattisgarh GST department has exposed one of the biggest crackdowns of Rs 1 crore tax evasion scam linked to inflated medical supply contracts worth Rs 48 crore by a Raigarh-based firm accused of allegedly manipulating invoices and routed transactions through shell companies to dodge taxes and secure massive profits from govt health contracts. According to a press release issued by govt, 'The audit of the allegedly accused firm, M/s Shyam Surgical, which supplies surgical and medical equipment to govt hospitals across Chhattisgarh, Jharkhand, and Odisha, is accused of evading over Rs 1 crore. The investigation, launched after a detailed audit of the firm's dealings with the state health department, revealed that M/s Shyam Surgical supplied medical goods worth Rs 48 crore over the last 4–5 years. The actual purchase value of these goods was just around Rs 10 crore. Authorities say the company inflated prices by up to five times, pocketing illegitimate profits between 400–500% on critical health supplies.' To mask the price inflation and evade taxes, the company reportedly set up three shell entities- Rahul Enterprises, Narayani Healthcare, and P R Enterprises, in the names of family members. These firms were allegedly used for internal circular transactions to simulate market-rate purchases and justify overpricing, thereby siphoning off profits while evading tax dues. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your Finger Shape Says a Lot About Your Personality, Read Now Tips and Tricks Undo Acting on instructions from Finance Minister O P Choudhary, state GST department initiated the probe as part of a wider review of public procurement contracts. The enforcement action was part of a broader directive issued by Chief Minister Vishnu Deo Sai who pushes for transparent governance and accountability, especially in welfare-related departments like health, the release stated. A senior GST official familiar with the investigation said, 'Such unethical profiteering on health supplies directly affects hospitals and patients who rely on the govt for affordable care.' Chief Minister, while commenting briefly on the development, said the govt views any corruption in essential sectors like health as a betrayal of public trust, and warned of severe consequences for violators. 'We will ensure that those exploiting the system for profit are held accountable,' CM said. State officials have issued fresh warnings to all suppliers involved in govt procurement, stressing that manipulating tenders, invoices, or tax filings will invite the harshest legal consequences.
United News of India
a day ago
- United News of India
Iran launches Nahid-2 telecom satellite into orbit aboard a Russian Soyuz rocket
Tehran, July 25 (UNI) Iran's domestically made Nahid-2 telecommunications satellite was successfully launched into orbit today aboard a Russian Soyuz rocket, marking Tehran's second space-operation this week, reports Iran International. The launch took place from Russia's Vostochny Cosmodrome at 9:54 a.m. Tehran time, as part of a broader mission carrying two Russian Ionosfera-M satellites and 18 smaller payloads. Russian media did not publicly name Iran but said one of the CubeSats aboard was being launched 'for the benefit of a foreign customer.' Iranian outlets later confirmed it was Nahid-2. The 110-kilogram (242 lb) Iranian satellite is supposed to circle the Earth on a 500-kilometer (310-mile) orbit and has a service lifetime of two years. The launch comes four days after the IRGC launched its own Qased satellite carrier, an operation which it claimed would strengthen Tehran's space program. Observers say the timing reflects Tehran's intent to project technological resilience and strategic messaging following last month's war with Israel. While Iran maintains that its space program is not intended for weaponisation, analysts have repeatedly voiced concern over Iran's satellite launches due to their dual-use nature, stating that the same technology could be used to launch missiles, and each launch further advances Iran's ballistic missile capabilities. In November, Russia launched a pair of Iranian satellites named Kowsar and Hodhod, the first launched on behalf of the country's private sector. It followed two previous Russian launches of Iranian satellites in 2022 and 2024, highlighting the growing 'strategic partnership' between Moscow and Tehran. Simultaneously, Russian President Vladmir Putin has repeatedly offered mediation by Moscow in an effort to reach a settlement with Iran, while trying to assuage Israel's security concerns. Putin has further stressed that Russia hasn't given Iran any military assistance despite Moscow's open support for Tehran during its conflict with Jerusalem, trying to maintain good ties with Israel while further developing its economic and military ties with Iran.
The Hindu
a day ago
- The Hindu
Auroville and IIT-M working to fast-track sustainability campus project
Auroville and IIT-Madras are looking to fast-track the project to establish a state-of-the-art sustainability campus on a 106-acre expanse of land in Sedarapet area that will be dedicated to incubating green technology solutions. The initial focus of the proposed Research and Development facility will be to harness cutting-edge green tech towards developing green energy solutions and electric vehicles, particularly for commercial applications and high-load carriers with long-range capabilities. A high-level delegation from IIT-Madras (IIT-M) led by its Director V. Kamakoti was in Auroville this week to take the project forward. The 69th meeting of the Governing Board (GB) of the Auroville Foundation that convened earlier this month had approved the draft MoU for the partnership, also involving the Ministry of Education, in this regard. The Ministry of Education, which has oversight over Auroville, also cleared the proposal to set up the entity on a piece of leased land inside the township. The IIT-M, with its primary campus at Guindy in Chennai, envisions the proposed facility in the international township as its fourth campus. The premier institution has established two satellite entities — the NTCPWC-Discovery campus in Thaiyur and the international campus at Zanzibar, Tanzania. In March, Mr. Kamakoti had stated that it was proposed to earmark 20 acres of the sustainability campus to set up a world class zero-emission test track for electric trucks under the roof of a Centre of Excellence for Zero Emission Trucking (CoEZET). While this is in alignment with the broader national policy of guiding the logistics sector (where freight vehicles account for about 45% of transport emission) in transitioning to Zero Emission Technologies, the mandate of the sustainability campus is also to work on projects focused on achieving the 17 Sustainable Development Goals of the United Nations. The IIT-M has found a convergence of these missions with Auroville's ideals. Auroville has also signed a separate MoU to establish an IIT-M research park and a Centrally-supported Innovation Hub in Auroville as a tripartite partnership that involves the Ministry of Education. 'We expect the campus to deliver sustainable solutions that are relevant not just to India but to the world at large,' said Jayanti S. Ravi, Auroville Foundation Secretary, who serves as Additional Chief Secretary, Revenue, Gujarat. The partnerships harmonise well with one of Auroville's founding purposes at the time it was conceived by The Mother — that of steering the world on to a path of conscious living, she said. Meanwhile, the IIT-M delegation undertook a site visit to Sedarapet to assess the land earmarked for the campus as part of preparing a Detailed Project Proposal. During feasibility study, the officials outlined the ambitious scope and objectives of the initiative, Auroville said in a press note. Addressing global supply challenges pertaining to rare-earth shortage through R&D innovations is among the plans. 'The sustainability campus will provide a significant boost to emerging startups from Auroville, Puducherry, and the broader bio-region,' said G. Seetharaman, OSD, Auroville Foundation. The IIT-M Director noted that the collaboration represented a significant step toward integrating sustainable technology education with community development in the Auroville region. The proposed campus is designed to serve as a hub for research and development in sustainable technologies while providing educational pathways for local students and supporting the growth of eco-friendly startups in the region. The partnership is also expected to create new opportunities for innovation in sustainability and green technology, Auroville said. The IIT-M Director, who was accompanied by associates Rajnish Kumar and R.G. Robinson, visited the Matrimandir and the Matrimandir Lake project, and assured Auroville of extending IIT's technical support for the endeavour, the press note said. Earlier, the IIT-M team was welcomed by an Auroville team that comprised the OSD, Venugopal (Senior Consultant), Sindhuja Jagadeesh, from the Auroville Town Development Council (ATDC), and Antim S from The Admissions and Terminations Scrutinising Committee (ATSC). The visit also featured community interaction, including a presentation of Mr. Kamakoti on 'IIT for Everyone Programme', the note added.
