The money was paid to Mallya in two tranches in his offshore accounts.
RBI, Enforcement Directorate to see if money was sent to tax haven
Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.
In 2012, Diageo had paid Rs 3,635 cr directly to Mallya for his 19.3% stake in United Spirits.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
This amendment is proposed to be made retrospectively effective from FY16 onwards.
The change in the latest Budget will impact the sale and rent of SEZ units of companies like Adani Port, which has large SEZs in Mundra.
Core sector companies have seen volumes drop to single digit in the first nine months of FY16.
The deal comes at a huge cost to minority shareholders who have till date lost close to Rs 5,500 crore that were written off United Spirits' books
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
Percy Mistry says things at market regulator Sebi are also in bad shape.
In 2015, the Reserve Bank of India cut interest rates by 125 basis points to 6.75 per cent.
While number of commitments inched up in 2015, its value slipped 23% to 11-year low.
FinMin officials say an announcement could be made in the Budget.
Congestion on Mumbai roads has become chronic.
'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'
The panel's recommendations will be aimed at making a predictable and non-adversarial tax regime in the economy.
Changes in threshold not to have a significant revenue impact, say officials
The Lok Sabha has already passed the Bill.
Monetary incentives under Skill India to small entrepreneurs, capital infusion into technology fund to help businesses expand operations
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