Latest news with #ArvindShrivastava
Mint
3 days ago
- Politics
- Mint
Use tech tools to tackle threats from dark web, cross-border e-comm: Revenue Secy to DRI official
New Delhi, Jun 3 (PTI) Revenue intelligence officers should use advance technological tools to evaluate emerging threats from disguised supply chains, cross-border e-commerce, and dark web to strengthen their enforcement actions, Revenue Secretary Arvind Shrivastava said on Tuesday. Addressing the inauguration of the headquarters of the new Directorate of Revenue Intelligence (DRI) building, the Secretary said syndicates exploit opaque trade movements, making it imperative that enforcement in DRI remains one step ahead of concealment. "I would encourage DRI to dedicate resources for evaluating emerging threats from disguised supply chains, cross-border e-commerce, dark web, cryptocurrency misuse, synthetic drug movement, and misuse of digital platforms. DRI needs to move ahead with data-driven intelligence and use of advance technological tools. Innovation in enforcement must match innovation in crime," Shrivastava said. In the last year, DRI seized 1,382 kg of gold in numerous operations in which key members of syndicates have been arrested and networks busted. During 2024, DRI seized 62 kg of heroin, 85 kg of cocaine, more than 10,000 kg of ganja and over 600 kg of synthetic drugs, including Ketamine, Methamphetamine and Ecstasy. As transnational syndicates use new methodologies and technology to bypass traditional control, he said, the role of DRI must evolve correspondingly in detection and disruption of such illicit trade and financial flow. "DRI's enforcement strategy needs to be supported by intelligence, which would entail strengthening information flows among Customs, GST, Income Tax, and other intelligence and enforcement agencies through well-structured data sharing framework," he said. The Secretary said economic offences are intrinsically linked to national security concerns. Drug trafficking, illicit wildlife trade, environmental crime, dual-use good smuggling and sanction evasion pose hybrid threats. "DRI must continue to build robust collaboration with overseas enforcement bodies through real-time intelligence exchanges, joint operations and mutual legal assistance frameworks," he added. Set up in 1957, DRI, under the Central Board of Indirect Taxes and Customs (CBIC), is the "key guardian" of the national economic frontier and is tasked with detecting smuggling, drug trafficking, illicit trade, and such threats.
India Gazette
01-05-2025
- Business
- India Gazette
Arvind Shrivastava takes charge as Revenue Secretary of India
ANI 01 May 2025, 18:09 GMT+10 New Delhi [India], May 1 (ANI): Arvind Shrivastava, a 1994 batch Indian Administrative Service (IAS) officer of the Karnataka cadre, on Thursday assumed charge as the secretary of the Department of Revenue under the Union Finance Ministry. A Ministry of Finance release said the Appointments Committee of the Cabinet appointed him as the Revenue Secretary on April 18. Shrivastava has previously served as Joint Secretary and then Additional Secretary in the Prime Minister's Office. Prior to that, Shrivastava has also worked as a Joint Secretary, in the Budget Division of the Department of Economic Affairs, Ministry of Finance; Development Officer in the Asian Development Bank; Secretary, Finance Department, Bengaluru; Secretary, Urban Development Department, Bengaluru; Managing Director in the Urban Infrastructure Development and Finance Corporation, Karnataka. (ANI)
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Business Standard
01-05-2025
- Business
- Business Standard
Arvind Shrivastava takes charge as revenue secretary amid policy challenges
Arvind Shrivastava, a 1994-batch Indian Administrative Service (IAS) officer of the Karnataka cadre, on Thursday took charge as Secretary, Department of Revenue, Ministry of Finance. He was appointed to the post by the Appointments Committee of the Cabinet on April 18. Prior to this, Shrivastava served in the Prime Minister's Office as joint secretary and later as additional secretary. He has also held significant roles in the Ministry of Finance, including as joint secretary in the Budget Division under the Department of Economic Affairs. His earlier assignments include development officer at the Asian Development Bank, secretary of finance and urban development in the Karnataka government, and managing director of the Karnataka Urban Infrastructure Development & Finance Corporation. Shrivastava's appointment comes at a crucial time, as India's tax administration navigates major policy shifts and global economic headwinds. One of his immediate challenges will be ensuring robust tax revenue mobilisation in the face of international trade tensions, particularly reciprocal tariff threats by the United States. In this context, he will be expected to strategically steer India's customs policy. Sectors such as automobiles, electronics and pharmaceuticals could face pricing pressures due to foreign tariffs and rising input costs. He will also play a key role in implementing the new Income Tax Bill, 2025, which proposes a simplified tax structure aimed at reducing litigation, improving compliance and eliminating ambiguity in the existing law. Set to take effect from April 1, 2026, the bill introduces a new 'tax year' concept and consolidates TDS provisions into a single schedule. His leadership will be vital in managing the transition and ensuring that taxpayers are adequately prepared for the new compliance framework. In addition, Shrivastava is expected to support the GST Council's push for further rate rationalisation, curb leakages and drive the next phase of reforms. These include the eventual integration of petroleum products and real estate under GST. Simplifying GST compliance for small businesses and ensuring timely settlement of IGST dues will also be on his agenda. Shrivastava is further expected to advance the digital transformation of both direct and indirect tax systems. His experience in the PMO may enable better coordination among enforcement agencies operating under the Foreign Exchange Management Act (FEMA), Prevention of Money Laundering Act (PMLA) and the Income Tax Act.
Time of India
27-04-2025
- Automotive
- Time of India
Akshaya Tritiya drives a surge in vehicle sales
1 2 Patna: While Akshaya Tritiya has long been associated with the glittering tradition of buying gold, a new trend has firmly taken root – the booking and delivery of vehicles timed specially for the auspicious day, celebrated as a harbinger of prosperity and good fortune. In the state capital, two-wheeler dealers have come to regard Akshaya Tritiya as a 'mini-Dhanteras', with nearly half the volume of bookings they would expect during the Diwali season. For four-wheeler dealers too, the festival brings a welcome boost, with bookings rising by 20%-25%, as customers insist on taking delivery on the day believed to promise success and abundance. Arvind Shrivastava, sales manager at a four-wheeler showroom near Rajapur Pul, said the number of customers preferring to buy vehicles around Akshaya Tritiya was steadily rising. "Although it is not like Dhanteras, we do receive a good number of bookings ahead of Akshaya Tritiya as well and our clients fix the date of the festival for taking home their selected automobiles," he said. Shrivastava added that nearly 35 units would be delivered from his showroom on the festival day, around 25% more than their usual daily figure. Echoing the trend, Shariq Qamar, sales manager of an automobile showroom in Kankarbagh, said, "Against the normal delivery of five or six four-wheelers per day, we will be handing over the keys of more than 30 vehicles on Akshaya Tritiya this time. Like previous years, this time too we would be delivering six to seven times more vehicles on a single day, on the occasion considered to herald good omen," he said. Qamar added that many customers were opting for environment-friendly CNG and electric variants this year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo Both sales managers pointed out that the most popular price bracket for cars remained around Rs 10 lakh. The two-wheeler market, too, is gearing up for a festive rush. Arvind Singh, sales manager at a major two-wheeler showroom, described Akshaya Tritiya as 'mini-Dhanteras' from a business perspective. "We receive good bookings and customer turnout even on Akshaya Tritiya. This time also we expect to sell nearly 150-200 bikes on the day, compared to our usual 20-25 pieces daily," he said. Singh added that many customers had already booked their favourite models and colour preferences to ensure delivery on the auspicious day. At another prominent bike showroom on Exhibition Road, sales manager Shankar Singh said orders were flowing in well ahead of time. "We have already received good orders till Saturday and expect to sell around 200 units of bikes on Akshaya Tritiya day. A few people book their pieces in advance fearing stock shortage, whereas many others directly purchase the bikes on the festival day without any prior bookings," he said. As for price points, both managers said that economy bikes priced around Rs 1 lakh were the most sought-after. "However, sufficient stock of bikes ranging from Rs 72,000 to Rs 3.34 lakh has been arranged, anticipating a surge in demand on the auspicious day," added Arvind Singh.
