DGGI’s crackdown: ₹18,000 crore worth of GST evasion exposed, 1,700 fake ITC cases unearthed

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Finance Ministry on Saturday reported that around ₹18,000 crore worth of GST evasion was detected during the April-December period of the current fiscal. “1,700 fake ITC cases involving ₹18,000 crore have been detected and 98 fraudsters/masterminds have been apprehended by the Directorate General of GST Intelligence (DGGI),” the statement said. Fake invoice means no real … Read more

Too exposed to Big Tech? These ETFs may help broaden out your risk

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Big Tech’s market dominance may push more investors to equal-weight exchange-traded funds, according to VettaFi’s Todd Rosenbluth. “Investors are getting nervous that too much money is concentrated in a handful of stocks within the broader ETFs that they have available that [are] tied to the S&P 500 or even the Nasdaq 100,” the firm’s head … Read more