Suchetana Ray covers aspects of the government’s economic policy. A news junkie, she is invested in HT’s ‘digital first’ policy.
Articles by Suchetana Ray
81,000 Indians earned in excess of Rs 1 crore in FY17, says CBDT data
Incomes of all categories of Indian taxpayers increased by 67% in the last four years, the data released by the income tax department showed.
Published on Oct 22, 2018 11:51 PM IST
Hindustan Times, New Delhi | Suchetana Ray
Rs 12,000 crore of MP funds lie unutilised, Uttar Pradesh tops list
Data shows that in February, funds alloted but unspent stood at Rs 4,773.13 crore while 2,920 instalments of Rs 2.5 crore were yet to be released, resulting in a total backlog of Rs 12,073.13 crore. In both cases, the problem was at the district level.
Updated on Aug 30, 2018 06:53 AM IST
Hindustan Times, New Delhi | Suchetana Ray
Vijay Mallya’s case to be first under new law on fugitive offenders
If Vijay Mallya does not appear before the court on August 27, he risks being declared a fugitive economic offender, besides properties linked to him being confiscated.
Updated on Jul 27, 2018 08:33 AM IST
New Delhi | P Suchetana Ray
Govt to create economic offenders list for better crackdown on financial fraud
The move comes against the backdrop of an increase in number of bank frauds, investment scams, and other such misdemeanors. In some of these cases, the offenders fled the country.
Updated on Jul 23, 2018 08:01 AM IST
Hindustan Times, New Delhi | P Suchetana Ray
One year of GST: Tech failure posed challenge, says finance secretary
Small businesses around the country found it hard to adjust to the new IT system, and the GST network failed to cope with last-minute spikes in filing of returns, forcing the GST Council to defer several deadlines.
Published on Jul 01, 2018 08:13 AM IST
Hindustan Times, New Delhi | P Suchetana Ray
All Swiss deposits by Indians are not black money, say Union ministers
Union minister Arun Jaitley also said on Friday it would be unwise to assume that all Swiss bank deposits are illicit money.
Updated on Jun 30, 2018 01:18 PM IST
Hindustan Times, New Delhi | P Suchetana Ray
Centre to finalise 10 criteria to spot shell companies that launder money
The government has been cracking down on shell companies as part of its larger effort to tackle black money, or income that is unaccounted for and hidden away from the tax department.
Updated on Jun 23, 2018 07:27 AM IST
Hindustan Times, New Delhi | P Suchetana Ray
Battling black money: 10-point criteria for identifying shell firms on the cards
Officials said the newly constituted rules will be fed into an automated system, which will then create a suspect list for enforcement agencies to investigate.
Updated on Jun 22, 2018 11:01 AM IST
Hindustan Times, New Delhi | P Suchetana Ray
Government to cut cost in attaching economic offenders’ assets
The ED investigates cases of money laundering and violations of foreign exchange norms and confiscates assets bought with the proceeds of these crimes
Updated on Jun 18, 2018 01:25 PM IST
Hindustan Times, New Delhi | P Suchetana Ray
P Chidambaram appears before ED for second time in Aircel-Maxis case
Former finance minister P Chidambaram was summoned for Tuesday after he was first questioned on June 5 by the Enforcement Directorate.
Updated on Jun 12, 2018 10:41 PM IST
Hindustan Times, New Delhi | P Suchetana Ray
Government says PNB fraud accused Nirav Modi is in UK; CBI asks Interpol for red corner notice
Nirav Modi left India in January for an unknown location after being accused of being at the centre of the fraud involving the country’s second largest public lender.
Updated on Jun 12, 2018 06:13 AM IST
Hindustan Times, New Delhi | P Suchetana Ray and Rajesh Ahuja
No plans to privatise railways, says minister Piyush Goyal
Piyush Goyal says the concerns over the government’s bullet train project will be soon resolved and that the project is on track.
Updated on Jun 11, 2018 11:12 PM IST
Hindustan Times, New Delhi | P Suchetana Ray
Centre keeps states’ demand of monthly sharing of funds, but only partially
State’s share in the central tax pool was increased from 32% to 42% in 2015 following the recommendations of the 14th Finance Commission.
Updated on Jun 10, 2018 07:41 AM IST
Hindustan Times, New Delhi | P Suchetana Ray
President okays ordinance, home buyers now have share in auctioned assets of bankrupt realty firms
Being treated as financial creditors brings home buyers at par with banks and other institutional creditors as they would now have a share in the proceeds earned by sale of assets of bankrupt real estate companies.
Updated on Jun 06, 2018 10:36 PM IST
Hindustan Times, New Delhi | P Suchetana Ray
Arun Jaitley returns home 3 weeks after kidney transplant, thanks doctors and well-wishers
Arun Jaitley was in the isolation ward at AIIMS after his kidney transplant.
Updated on Jun 04, 2018 08:56 PM IST
Hindustan Times, New Delhi | P Suchetana Ray and Anonna Dutt
After 16 days of hike, fuel prices cut by 1 paisa
The Indian Oil Corporation Ltd website showed a reduction in petrol price by 60 paise while diesel was down by 59 paise. The company soon realised the error and rectified it.
Published on May 30, 2018 10:20 PM IST
Hindustan Times, New Delhi | P Suchetana Ray
Income tax department questions Matix Group chairman over NuPower links
Matix Group chairman Nishant Kanodia is Essar Group patriarch Ravi Ruia’s son-in-law and owns the Mauritius-based Firstland Holdings Ltd that invested Rs325 crore in NuPower between 2010 and 2012.
Updated on May 31, 2018 01:56 PM IST
New Delhi, Hindustan Times | P Suchetana Ray
Fuel prices soar for 10th straight day, govt seeks long-term solution
After a 19-day hiatus in the run-up to the Karnataka polls, the price of petrol has increased by Rs 2.54 in the last 10 days, and that of diesel by Rs 2.41.
Updated on May 23, 2018 10:45 PM IST
Hindustan Times, New Delhi | P Suchetana Ray
Petrol and diesel prices to be slashed, oil companies to share burden
In the last few days, fuel prices have touched record highs, with petrol costing Rs 76.87 per litre in Delhi and diesel Rs 68.08 a litre. In the last nine days, the price of petrol has risen by Rs 2.24 and diesel by Rs 2.15.
Updated on May 22, 2018 11:30 PM IST
Hindustan Times, New Delhi | P Suchetana Ray
Investigators probe another Deepak Kochhar company, NuPower Technologies
NuPower Technologies is a subsidiary of NuPower Renewables, which is owned by ICICI Bank MD and CEO Chanda Kochhar’s husband Deepak Kochhar.
Updated on May 14, 2018 10:43 AM IST
Hindustan Times, New Delhi | P Suchetana Ray
Income tax department raids offices of firms linked to Matix Group chairman Nishant Kanodia
Nishant Kanodia is Essar Group patriarch Ravi Ruia’s son-in-law and he owns the Mauritius-based Firstland Holdings that invested Rs325 crore in NuPower between 2010 and 2012.
Updated on May 11, 2018 10:17 PM IST
New Delhi, Hindustan Times | P Suchetana Ray
Investigation agencies examining links between NuPower and Essar
Investigations into NuPower, a company promoted by Deepak Kochhar, the husband of ICICI bank CEO Chanda Kochhar, and the investments it attracted have usually ended at a blind end.
Updated on May 07, 2018 09:00 PM IST
Livemint, New Delhi | P Suchetana Ray
I-T dept issues second notice to Deepak Kochhar
The notices dovetail with a Central Bureau of Investigation preliminary enquiry concerning a suspected quid-pro-quo in a loan extended by ICICI Bank to the Videocon Group in 2012, and Videocon chairman Venugopal Dhoot’s investment (and subsequent transfer of ownership) in a company co-founded by him and Deepak Kochhar.
Updated on Apr 12, 2018 11:23 PM IST
Hindustan Times, New Delhi | P Suchetana Ray
Agencies now probing companies owned by Chanda Kochhar’s family
Several agencies are examining the relationships and transactions between Deepak Kochhar and Rajiv Kochhar and the Videocon group on the basis of what the CBI calls a source-based complaint.
Updated on Apr 09, 2018 07:35 AM IST
New Delhi, Hindustan Times | P Suchetana Ray
Nirav Modi laundered Rs 6,000 crore in just one year, chargesheet soon: ED
The Punjab National Bank has accused Nirav Modi and Mehul Choksi of committing a fraud of around Rs 13,000 crore in the issuance of letters of undertaking and foreign letters of credit from Mumbai’s Brady House branch between 2011 and 2017.
Updated on Apr 05, 2018 04:51 PM IST
New Delhi, Hindustan Times | P Suchetana Ray
India’s first anti-human trafficking law proposes life term for repeat offenders
The bill, reviewed by HT, also proposes a jail term of at least a year and a fine of Rs 1 lakh for those who abet trafficking or fail to protect a victim.
Updated on Feb 11, 2018 07:10 AM IST
Hindustan Times, New Delhi | P Suchetana Ray
Tax revenue higher than expectation: FM Arun Jaitley tells Rajya Sabha
The finanace minister was replying to the debate on the general budget in Rajya Sabha.
Updated on Feb 09, 2018 11:29 PM IST
Hindustan Times, New Delhi | P Suchetana Ray and Jayanth Jacob
CBI report in Aircel-Maxis case may have been leaked
An unsigned draft of a CBI status report in the Aircel-Maxis case was recovered from the Jor Bagh house of the Chidambarams in the national capital when ED officials searched it on January 13 in connection with their probe into money laundering charges in the Aircel-Maxis matter, an official said.
Updated on Feb 09, 2018 10:35 AM IST
Hindustan Times, New Delhi | Rajesh Ahuja and P Suchetana Ray
ED attaches assets worth Rs 86 lakh of Bihar Maoist leader
The properties include three land plots in his wife’s name in Aurangabad, two similar plots in Gaya and an advance payment amount of Rs 10.43 lakh made by his son-in-law to purchase a flat in Delhi.
Updated on Feb 05, 2018 10:28 PM IST
Hindustan Times, New Delhi | P Suchetana Ray, New Delhi
Local clients to get priority if India arm of foreign banks goes bust
This system will be a part of the contentious Financial Resolution and Deposit Insurance Bill 2017, which is under scrutiny by a joint House panel.
Updated on Feb 05, 2018 08:18 AM IST
Hindustan Times, New Delhi | Saubhadra Chatterji and P Suchetana Ray