Top headlines: Russia still India's main arms supplier, SVB fallout

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I-T department selects 68,000 'high-value' cases for e-verification

The Income-Tax Department has selected 68,000 cases of “high-value” transactions that were allegedly not reported correctly in the tax returns for FY20 for e-verification, Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said on Monday. Read more 

Silicon Valley Bank collapse: RBI weighs up impact on banks, NBFCs

Days after the collapse of Silicon Valley Bank (SVB), the Reserve Bank of India (RBI) has swung into action to take stock of its impact on Indian companies and banks. The regulator has started collecting information on banks and non-banks