A few days back, Finance Minister Nirmala Sitharaman urged the start-up community and public to deal in cryptocurrency with caution because everything that was floating around was not currency. In the first week of August, the country's top nine crypto exchange platforms were summoned by the Directorate of Enforcement (ED) in Hyderabad. The exchanges were questioned for money laundering, especially over a number of Indian non-banking financial companies and their fintech partners for predatory lending practices in violation of the Reserve Bank of India (RBI) guidelines and by using tele-callers who misuse personal data and use abusive language to extort high interest rates from the loan takers.
The government on Tuesday appointed SBI's senior-most managing director Dinesh Kumar Khara as the chairman of the the country's largest lender. He replaces Rajnish Kumar, who completed his three-year term on Tuesday.
The government wants to complete the operations rapidly, including the actual counting of people, by February next year, reports Subhomoy Bhattacharjee.
Sama Shabir Shah says she used to study outside Tihar Jail while waiting for hours to be allowed to meet her father.
Expressing his satisfaction over the government's move to slash fiscal deficit target, Das said it will help improve investment by the private sector as crowding out impact will be less.
The bench asked the respondents to file their response to the petition which seeks the constitution of a committee to examine 'workable solutions' to ensure that a kirpan permitted to be carried on the flight is 'appropriately designed and crafted' and does not have a blade length beyond 4 cm.
After selling dollars for the past few months, the Reserve Bank of India (RBI) may take a hands-off approach before its annual account closing by not trying to prop up the rupee as geopolitical tensions show signs of stabilising with global crude oil prices easing from its $140 peak. The central bank was a net buyer of dollars between April and September, and then turned a net seller in the following months, the data released by the RBI showed. The RBI continued to be a net buyer of $36.6 billion in this fiscal year - between April and January. In 2020-21, it purchased $68 billion on a net basis.
If the new governor can think out of the box even as he signals that he can bat for the RBI cadre and respect its institutional memory, that will go a long way in getting out of the current impasse.
A senior official said CBDT has inputs that a number of these companies possibly indulged in tax crimes and once this is established, the department will initiate action against them for indulging in money laundering and tax evasion.
Now it is confirmed that all 22 people, including four Indian nationals and three crew members, have been killed in the tragedy.
Countrywide raids are being conducted in connection with a money laundering case linked to a fertiliser scam.
The SIT was created by Supreme Court and notified by the government last year to curb black money.
The Directorate of Revenue Intelligence, the lead agency to check customs frauds and smuggling, has decided to post officers at India's Mission in New York (US), Singapore, Brussels (Belgium) and in Nepal's Birgunj.
'All Pakistan army chiefs follow a consistent line as far as India is concerned.'
An order issued by the ministry of home affairs on Wednesday said Deputy Inspector General Meena has been "recalled" by the Central Reserve Police Force. Another CRPF DIG, Rajeev Ranjan Kumar, will be the new CEO of the canteens board with immediate effect for a period of three months, it added.
The Central Bureau of Investigation (CBI) on Friday raided the home of Delhi Deputy Chief Minister Manish Sisodia and 30 other locations in connection with alleged corruption in the implementation of the Delhi Excise Policy.
CBI officials booked for graft by the central probe agency were not only receiving regular kickbacks for compromising investigation, but were also acting as conduits to bribe their peers on behalf of companies accused of siphoning off crores of public money from banks, the FIR against them alleges.
In Chanda's defence, one can always say, why would the Videocon Group take care of her husband as a quid pro quo to get a loan? After all, the group has taken money from the entire banking industry and ICICI Bank's share in the pie is not even 10 per cent. So, if it had a quid pro quo with Chanda to get the money, it must have had similar arrangements with other banks, too. If this is not the case, one must accept that it had got money from all banks, including ICICI, without any under-the-table conditions, points out Tamal Bandyopadhyay.
But producer Aanand L Rai promises that there's no vulgar content.
RBI has appointed R Subramaniakumar, the ex-managing director of Indian Overseas Bank as the administrator of the third largest pureplay mortgage lender.
His vision drove ITC to pursue business models that today support over 6 million livelihoods, many amongst the weakest in society.
When the Delhi police served him a notice in May for a case involving tagging some political leaders' tweets as carrying manipulated media, a spirited Maheshwari said he was employed by Twitter Communications Private Limited, and not Twitter Inc, and, therefore, could not help them. The authorities were understandably not pleased.
The student of a Gwalior school who allegedly attempted suicide was ragged, the Central Board of Secondary Education has established and will issue a showcause notice to the institute.
Other members of the high-level advisory committee are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave, and Nachiket M Mor, Director of the Central Board of Directors of RBI, Governor Raghuram Rajan said.
Since January this year, Indian exporters have begun to dread the shipping news. That's because most of it would be about another lot of shipping companies deciding to avoid Indian ports on account of delays.
The court restrained the movie's director, producer and Central Board of Film Certificate from releasing the film on July three till further orders. The film stars Sunny Deol, Ravi Kishan, Sakshi Tanwar among others.
Banks and companies in India are taking a cautious approach towards Sri Lanka, which, reeling from a financial crisis, has sought a $1-billion loan from the country to import essential commodities. A senior State Bank of India (SBI) executive said the bank was committed (to Sri Lanka) for the long term. "As far as exposures (are concerned), the bank will be cautious on its dollar exposure to Sri Lankan entities till the situation improves," he said.
Three passengers, including a British national of Goan-origin, who arrived at the international airport near here on a flight from the United Kingdom on early Friday, tested positive for COVID-19, state Health Minister Vishwajit Rane said.
As the Indian currency hovers around its lowest versus the US greenback, several smaller and mid-sized companies are expected to face rough weather as almost 44 per cent of the foreign loans taken by Indian companies remained unhedged. According to the data sourced from the Reserve Bank of India, Indian companies raised around $38.2 billion in the financial year ended in March. Of this, only 56 per cent of the loans are hedged while the rest of the foreign loans remain unhedged, thus risking the companies to forex volatility.
The plea, filed by advocate Manohar Lal Sharma, termed the notification "illegal, unconstitutional and ultra vires to the law".
Two cases have been registered in the paper leak incident so far. The Crime Branch of Delhi Police has questioned nearly 60 people, including students and tutors, in this connection.
Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shortest tenure since 1992.
However, the extension leaves the salaried taxpayers with a limited time-frame of just 20 days to file their income tax returns.
The statement of Sunny Marwah, an accused in the Delhi excise policy case, has been recorded and he has given important information about the modus operandi of those named in the first information report (FIR) in connection with the liquor 'scam', Central Bureau of Investigation (CBI) officials said on Monday.
The Enforcement Directorate (ED) on Tuesday grilled arrested West Bengal minister Partha Chatterjee and his alleged associate Arpita Mukherjee who were arrested in connection with the school jobs scam, sources said.
It was perhaps for the first time that any parliamentary panel deliberated on a film before it had been approved by the censor board.
The plea filed by the father of the Pradhyumn's father Barun Chandra Thakur, sought cancellation of their interim bail granted by the high court on October 7.
The report contains names of entities eligible for bank licences. It was not immediately known how many applicants have been shortlisted by the high-level advisory panel.
Besides, airport operators must take help of the local police and security agencies and levy fines on people not wearing face masks, the DGCA said in a circular.
Ashley Giles has indicated that their centrally contracted cricketers might not be available for the IPL
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