Financial Intelligence Unit data show many of these societies have become the biggest draw for laundering money. Subhomoy Bhattacharjee reports.
'... not even a moral one, let alone a legal one.' 'Even if it is assumed that Deepak Kochhar tried to influence his wife into doing something dodgy for his 'social acquaintance', why would she do it?' 'By all accounts she has been granted share options in ICICI Bank of a very substantial amount which easily makes her a multi billion-pati.' 'She did not become CEO against some stiff competition by being stupid and concocting devious cock-and-bull renewable energy stories.' S Murlidharan, former managing director, BNP Paribas, unravels the Deepak Kochhar-Videocon controversy.
The year 2014 has been an eventful one for India. The country got a new government and a new state, broke new frontiers in various fields and of course its share of controversies.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
This is the first time the fight is between mother and son. Both sides don't look in the mood to relent: Advisors and spin doctors have been hired, lawyers have been consulted.
Private sector firms need to be re-engaged for better infra planning.
Against estimates of black wealth of Rs 300 lakh crore and black money in cash of Rs 3 lakh crore by economist Arun Kumar, the PMGKY numbers fall short by a huge margin.
The San Francisco-based giant has acquired a Delhi-based company.
The capital markets watchdog has asked the government to empower it to carry out search and seizure operations, to attach properties and to ask for information and records for all relevant entities.
Fifteen months after taking power, Modi's credibility as an economic manager is on the line.
Apart from Maggi noodles, many other products can be tested for health issues.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
Vaihayasi Pande Daniel glances at the life and political career of Alexey Navalny who has been banned from challenging Vladimir Putin in Russia's presidential election.
White House said Trump strongly believed that protecting environment and 'promoting our economy are not mutually exclusive goals'.
A mere pair of shoes sets off the kind of harsh condemnation Indrani draws in these corridors of justice. That she being a woman who killed her daughter -- never mind that she is an undertrial and the crime has not yet been proven -- apart from making her an object of curiosity, also makes her, by perception, more evil than the men that flood these corridors, facing trial for similar or worse crimes.
We sorted through countless photographs taken around the world to come up with the top photos of 2019. Together these images tell the story of the year -- capturing moments of hope and heartbreak, triumph and tragedy.
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.
'India is no longer the India of the '70s and the '80s.' 'It's a large country with the fastest growing economy.' 'In working with India, you just can't go and humiliate the nation publicly.' USIBC President Mukesh Aghi tells Aziz Haniffa/Rediff.com about how he advises American companies to do business with India, what he thinks of Modi's government and the way forward for the India-US relationship.
'At a time when sports leagues are often smothered by the allure of spurious glamour, it is easy to forget what makes them so exciting in the first place: The sport itself.' 'At its core, the PKL has a fast-paced, engaging sport working for it.' 'Simply put, kabaddi, with its end-to-end action and oscillating fortunes, is almost never dull to watch,' says Dhruv Munjal.
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
Incidents of arson, firing and vandalism were reported from Madhya Pradesh, Rajasthan, Uttar Pradesh, Bihar and Punjab as protesters agitated against the dilution of the SC/ST Act.
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
'Biometric Aadhaar-based surveillance is not only about violation of privacy, but also about the treasure hunt for unprecedented financial surveillance and economic intelligence in the economic history of mankind,' asks Gopal Krishna.
Sofia Ashraf's video 'Kodaikanal Won't,' slamming Hindustan Unilever for alleged 'mercury poisoning,' has gone viral with over 25,000 online petitioners demanding that the multinational clean up the mess as well as compensate those who worked at its thermometer factory in Kodaikanal.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
With facts and figures, the CAG report has highlighted how Gujarat was far from a role model for states across India, and that the progress made in this province in western India in improving agriculture, education, healthcare and empowerment of women and children, was not exactly creditable, says Paranjoy Guha Thakurta.
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