CBIC mandates timebound digital records of arrests https://ift.tt/CKcOVoz Central Board of Indirect Taxes and Customs (CBIC), in a letter dated March 1 to all its zonal offices, has directed uploading of all details related to arrests, seizures and prosecution on the DRI (Directorate of Revenue Intelligence) Intelligence Gathering and Investigation Tool (DIGIT). The tool is hosted on the CBIC website.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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