Michel, who was extradited from Dubai recently, was arrested by the Enforcement Directorate on December 22 and sent to a seven-day custody of the agency over money-laundering charges in the scam by a court.
Regulators will need to allow the model to evolve to allow profits to flow, says Una Gulani.
Report says gold being exported by persons of Indian origin and routed through Dubai
Individual banks should break away from the industry pact and have their own settlements with the unions, recommends Tamal Bandyopadhyay.
The government kept its nerve in the face of a massive shock. It chose not to resort to a massive fiscal stimulus. It focused instead on providing liquidity support and easing restrictions on movement in stages, observes T T Ram Mohan.
India needs to spread irrigation and do so against a backdrop of rising water scarcity and depleting groundwater resources
EPFO has a subscriber base of around 6 crore (Rs 60 million).
Decoding four important provisions in the Finance Bill 2018.
A new formula for pricing natural gas in the domestic market was determined; the decontrol of diesel prices was announced; and the scheme that directly transferred subsidies to bank accounts of users of liquefied petroleum gas (LPG) cylinders was modified and relaunched.
Following is the Facebook post of Finance Minister Arun Jaitley on one-year of the BJP-led NDA government.
The government's stance in the face of uncertain prospects for the private sector has been that public sector investment will drive the system.
Why self-audit by NSE, why weren't charges probed under your supervision, ministry asks regulator.
Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.
During the operations, that began in the morning, houses and business establishments of those suspected of channelising funds to fuel secessionist and anti-India activities were searched, an NIA spokesman said.
Fan Bingbing, who has been ordered to pay $130 million (Rs 952 crore) for tax evasion, was reportedly kept at a "holiday resort" used by investigators in a suburb in the coastal province of Jiangsu.
RNOR status is a sub-set of the Resident Status.
The Central Bureau of Invesigation on Monday approached the Rajya Sabha secretariat seeking documents related to fake travel bills allegedly submitted by a Janata Dal-United MP against whom a case has been registered for making such claims.
A Taiwanese cyber security expert has claimed to have compromised server of China based smartphone maker Xiaomi but the company called it a hoax.
Four specific areas will be watched carefully in the first half of FY16
Read the investor-developer agreement carefully before signing the cheque
With Narendra Modi about to make his first Independence Day speech, there is a buzz in Delhi that Modi will make some big announcements to signal major reforms and directional shifts. But we have to wait and see if it happens, says Mohan Guruswamy.
The govt has a lot more to do then just open bank accounts for the poor in the Jan Dhan scheme.
Tax expert Anil Rego answers readers' questions about how Finance Minister Piyush Goyal's Budget affects you.
It has been the preferred visa for Indian IT companies and has helped them keep costs down and gain a margin advantage over multinational players by sending engineers to the US.
Ram Sumiran Pal arrested in Delhi; hunt for two others on.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
Loan rates will change at the next reset, while deposit rates will continue till maturity.
India will have to devise policies to ensure overall growth in FY16.
Advisors and agents known to you personally can also sell wrong policies.
The banking, financial services and insurance sector was the most targeted by scamsters, says Indeevar Krishna, head, operations and customer service, Max Life Insurance
The Guardian reported that accounts filed in Dublin showed that in 2009 Her Majesty's Revenue and Customs settled a dispute with the British telecoms provider over its Irish tax returns.
The repo rate, at which the central bank lends to the system, will come down to 5.75 per cent after the cut.
However, the facility will be allowed on a need basis and can be used only in "fusion mode", which means people can use it only along with other existing means of authentication.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
'The RBI is something like a seat belt. As a driver, the driver being the government, it has the possibility of not putting on a seat belt but of course if you do not put on your seat belt you get into an accident and the accident can be quite severe,' Raghuram Rajan told CNBC TV18. 'The aim of the board is to be Rahul Dravid -- sensible, thoughtful and not, with due respect, Navjot Sidhu,' he added.
Environment Minister Prakash Javadekar will sign the agreement on behalf of India.
An obscure Indian bank has been an unlikely beneficiary of Western sanctions against Iran, handling billions of dollars from frozen oil payments that boosted its interest margins, but is now having to prepare itself for life after the windfall.
Many of the jobs will now be offshored to lower income countries such as India, China and Poland
Morbi has evolved from scratch to the second largest tile manufacturing cluster in the world in just 18 years.
The independent institute advising the PM on jobs seems to have missed the point that the challenge is to create net additional jobs, says Mahesh Vyas.
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