News Snapshot:
The government is looking into cases of alleged tax evasion by three mobile companies of China including Oppo, Vivo India and Xiaomi, and notices have been given to them, Finance Minister Nirmala Sitharaman informed Rajya Sabha on Tuesday during the Question Hour. “Investigation by the Enforcement Directorate revealed that Vivo Mobiles India Pvt Ltd has remitted an amount of ₹0.62-lakh crore mainly to China and its controlled territories, of their total sales of ₹1.25-lakh crore during the period July 2017 to March 2021 which works out to 49.91 per cent,” she said responding to questions by Sushil Kumar Modi. A...
