Search, seizure powers of new criminal IT wing withdrawn

New Delhi:  The elite criminal investigation wing of the Income Tax department, which conducted a number of high-profile actions including raids on liquor baron Ponty Chadha, has been disallowed to carry out any search or seizure operations by the Finance Ministry henceforth.         The just over-an-year old wing called the Directorate of Criminal Investigation (DCI), created in May 2011 to combat the menace of blackmoney and develop cases of illegal funds of “criminal nature”, will now only work to develop a robust database of financial information and aid the regular investigation wings of the I-T to undertake “specific and result-oriented” search and survey operations.  The DCI had undertaken action on 128 search warrants during 2011-12. It executed eight search warrants in 2012-13 (Upto September, 2012) which included the high-profile search on Ponty Chadha, killed recently in a shootout at his farmhouse.

L & M launches corporate gifts

Mumbai: Lawrence & Mayo (L&M) which is a traditional name for over 13 decades in ophthalmic optics has introduced elegant timepieces and writing instruments to target corporate for their gifts to their staff and clients. While timepieces are priced between Rs. 2200-6500, writing instruments are tagged between Rs. 1000-3500. It has a special range for women executives that come in fruitilicious colours to add vibrancy to the user. They are targeting their existing loyal customer base of 40 lakh plus for these products.

“Vaikunth” by Ajmera Group unveiled

Mumbai: Adamo Hospitality, the hospitality arm of the Ajmera Group, has opened “Vaikunth” hotel for people who travel to popular pilgrimage destination, Nathdwara, near Udaipur in Rajasthan. Vaikunth is located just 500 metres from Shrinathji Temple; opposite Varsha Vatika, Tehsil Road, Nathdwara. Vaikunth by Ajmera’s is equipped with all modern amenities of a good hotel for transit stay coupled with a serene ambience ideal for family devotees.  It has 40 rooms and the cuisine is completely vegetarian.

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