Aakar Patel looks forward to Prime Minister Modi's speech at the bhoomi pujan for the Ram temple in Ayodhya next week. It will be entertaining and stirring, predicts Aakar, and make lots of promises that he most likely won't be able to keep.
A UK judge presiding over the extradition proceedings of Nirav Modi on Tuesday ruled that the evidence submitted by the Indian authorities to establish a prima facie case of fraud and money laundering against the fugitive diamantaire is broadly admissible. District Judge Samuel Goozee heard the arguments for and against the admissibility of certain witness statements provided by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) at Westminster Magistrates' Court in London and concluded that he considered himself "bound" by the previous UK court rulings in the extradition case of former Kingfisher Airlines chief Vijay Mallya. He then adjourned the case for a two-day hearing on January 7 and 8 next year, when he will hear the final submissions in the case before he hands down his judgment a few weeks later.
In all, 292 allegedly fraudulent LoUs and 224 foreign letters of credit were generated and money sanctioned to Nirav Modi's companies since 2011
The Bharat Interface For Money app was launched on the iOS platform earlier this month. It is also available on the more popular Android platform. There have been over 17 million downloads of the BHIM app so far.
The United Kingdom's home department has cleared the extradition of fugitive diamantaire Nirav Modi, who is wanted in an over Rs 13,000-crore bank fraud case, officials said on Friday.
The PM added that developing the infrastructure in the north-east region is being given top priority by the government.
Lenders increasingly looking at your social media profile to evaluate creditworthiness
India recorded 50,035 cases of cyber crime in 2020, an 11.8 per cent surge in such offences over the previous year, according to the National Crime Records Bureau (NCRB) data. The Reserve Bank of India (RBI) last week once again cautioned bank customers of fraud, including those in Know-Your-Customer (KYC) cases. In fact, certain frauds have become more prevalent than others, and being aware of them is the first step towards protect yourself. Mayur Joshi, chief executive officer, Indiaforensic.com, a company engaged in the prevention, detection, and investigation of frauds says, "It is necessary to learn, to read about these scams."
'It was Parrikar's sharp insights into finance and international systems that stood out when India --at his suggestion -- decided to procure the Rafale combat jets from France.'
During deleveraging the income falls more than reduction in debt due to the austerity measures.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
Prime Minister Modi addressed the second plenary of the executive session, during which he reiterated India's focus on small island developing nations of the organisation and delivering 'demand-driven, rather than donor-driven' assistance to the organisation's smaller member states.
A corporate lawyer said that this is the biggest failure of corporate governance in this country. He pointed out that American investors can even take the bank to court for giving false statements to stock exchanges and even file class action suits. Some even questioned how RBI overlooked Kochhar's misdeed.
Contrary to the bragging that marked its two-year anniversary, the government's timidity on reform is simply astounding.
As many as 17 locations in Delhi, Mumbai, Hyderabad, Jaipur and Surat were raided by the ED.
A combative Congress President Sonia Gandhi on Wednesday mounted a blistering attack on Prime Minister Narendra Modi, accusing him of running a government "of some people, by one person for a select few" and said he has not much to showcase even as the government completes one year.
In 2013, a total of 28,481 Indian websites were hacked
Wanted diamond merchant Nirav Modi appeared via videolink from his London prison for a regular call-over hearing at Westminster Magistrates' Court on Friday, when he was further remanded in custody until February 25, when the judgment in his extradition case is to be handed down. District Judge Angus Hamilton informed Modi that he would most likely be appearing again via videolink on the day of the ruling, which will decide whether the 49-year-old jeweller has a case to answer before the Indian courts on fraud and money laundering in relation to the Punjab National Bank (PNB) scam case. Last month, District Judge Samuel Goozee had confirmed the timeline for the judgment at the end of closing submissions in the case, during which he heard that Modi is responsible for overseeing a "ponzi-like scheme" that caused enormous fraud to PNB.
Inflation pegs down currency value, re-allocates resources, reduces potential economic growth and leads to the attrition of gross domestic savings.
'We should credit Prime Minister Modi with having foresight and courage and showing leadership on climate change.'
Saisuresh Sivaswamy tells us what we must know from the election news in the print and television media.
'Right now, politics is operating in a state of suspended animation. That works to Modi's advantage.'
Corporates, realtors, and even IPL fixing -- the tentacles of the hacking network, whose alleged member was nabbed by a agencies of India, US, Romania and China on Friday, run broader than anticipated, reports Vicky Nanjappa.
Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018. But the dissenters suggest that the money is elsewhere, possibly in the group's oil and gas assets, which are not part of the group's bankruptcy case.
Modi accuses Congress of spreading 'lies, confusion and pessimism'
India is experiencing jobless growth and skepticism abounding that the country may not be able to cash in on its demographic bonus
The former liquor baron owes several banks a total of as much as Rs 9,000 crore
'The autonomy of essential institutions is clearly under question as the Modi government seeks to influence them politically.' 'The credibility of institutions such as the EC, the CBI, the CVC, the UPSC, the RBI, media, and universities, has been compromised,' notes Zoya Hasan, the distinguished political thinker.
Several Congress leaders interpreted it as a dig at Prime Minister Modi who is yet to address a single press conference in his 54-month tenure.
'If the Modi government is successful in extraditing a high-profile fugitive such as Vijay Mallya or Nirav Modi before the 2019 election, the government will be able to link demonetisation to this and turn it into a positive.'
'In 1984, George Orwell dreamt up the concept of a dictatorship that worked on surveillance.' 'The reality of 2017 goes a long way beyond everything that Orwell imagined.' says Devangshu Datta.
Banking is a boring business but still the banker should enjoy it as fancy awards and cozy relationships with politicians, Bollywood stars and corporate honchos cannot save them if the job is not done properly. In the concluding part of the series Tamal Bandyopadhyay wonders how long Kochhar would need to wait for her redemption or downfall and atonement.
'We cannot ignore the role of public institutions in driving development... I don't see much focus on institutional renewal.'
'It was like a doctor giving some simple pain killers to a patient in dire requirement of chemotherapy.' 'There was no sense of urgency or desperation in this particular Budget.'
'His record will be clouded by the same negative factors as of Rajiv Gandhi and Narasimha Rao, namely, their politics and therefore social policies,' says T C A Srinivasa-Raghavan.
Javadekar, along with Piyush Goyal and Dharmendra Pradhan, is among the few ministers who have party as well as ministerial responsibilities.
'Open defecation kills more Indians than any terrorist organisation could, but turning that around will take communicating that all Indians are created equal and that continuing this practice is anti-national,' points out Rahul Jacob.
'We are no longer striving for a strategic partnership. We have arrived at one.'
The Central Bureau of Investigation (CBI) is in the midst of a major operation which is targeting hacking hubs across the country.
The jewellers and companies linked to Nirav Modi and Mehul Choksi had allegedly colluded with PNB officers to obtain fake bank guarantees to get loan from overseas branches of Indian banks including Allahabad Bank, Axis Bank and UCO Bank.
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