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Sales of daily essentials, groceries and home and personal care items grew 8% in the year ended March 31 while that of electronic products surged 25%, helped by a gradual recovery in the last quarter after a decline or flat growth in the initial few months of the financial year.
Tax avoidance of over Rs 100 cr each suspected; 31 cases involving evasion of more than Rs 50 cr also detected. The Central Board of Direct Taxes (CBDT), the apex direct taxes body, asked relevant assessing officers to initiate verification and send notices to these red-flagged transactions in an internal instruction on March 28.
Russia remained the top supplier of crude oil to India in March, nearly maintaining its market share, but its supply growth slowed amid pushback from rival Saudi Arabia, which clawed back much of its lost share, according to energy cargo tracker Vortexa.
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