CBI have registered a disproportionate assets case against Meena, an IRS officer of 1977 batch, and claimed to have recovered so far cash of Rs 16 lakh from his possession, sources said.
Retirees have better options that offer liquidity, better returns and are more tax-efficient.
If you invest for the shorter-term now, you will be able to roll over to higher rates when the interest-rate cycle turns, advises Sarbajeet K Sen.
Investors not comfortable investing directly may take the mutual fund route, where they get exposure to a diversified portfolio of bonds.
Shivakumar, who is in ED's custody since September 3 in connection with a money laundering case, was earlier taken to the Ram Manohar Lohia hospital on Thursday.
The government has sacked these officers ranging from the ranks of principal commissioner to assistant commissioner, some of whom were already under suspension.
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The minister was speaking at a review meeting of Principal Chief Commissioners, Principal Directors General, Chief Commissioners of I-T in New Delhi on Thursday in order to assess the revenue collection target for 2014-15 fiscal.
He has not been issued fresh summons and it is understood that his questioning has ended, at least for now.
Tamil Nadu Chief Minister M K Stalin on Thursday warned the Bharatiya Janata Party not to 'provoke' the Dravida Munnetra Kazhagam, saying it will not be able to 'bear the consequences' and that his party also knows 'all types of politics', escalating his attack on the saffron party after the arrest of his cabinet colleague V Senthil Balaji.
The life insurance industry reported a 25.28 per cent decline in new business premium income in November 2023 to Rs 26,494.83 crore from Rs 34,588.8 crore recorded a year ago. The fall in group premium and change in taxation norms for policies with a higher ticket size dragged the premiums of the state-run Life Insurance Corporation of India (LIC) and private insurers, respectively. According to the data released by the Life Insurance Council, the premium of private insurers slipped 9.33 per cent Y-o-Y to Rs 10,360.29 crore from Rs 11,426.73 crore as a result of a change in product mix due to the measures taken to counter the impact of tax imposed on the premiums of Rs 5 lakh.
Six people have been detained in various raids.
India was among those countries that registered a very low housing loan penetration rate with the outstanding housing loan to the GDP being just 3% as against 51% in the United States and 54% in the United Kingdom.
This is for the first time that Vadra's associates have been linked to alleged commissions received in defence deals by the ED.
Authorities on Saturday continued to dig up currency to the tune of lakhs of rupees, including in new notes, across the country.
A Special Court for Economic Offences has ordered summons to be issued against him over dues from his Kingfisher Airlines to the I-T Dept.
The two central premier investigative agencies - Central Bureau of Investigation and Enforcement Directorate - have asked their officials to focus more on digital evidence, e-forums and social media to crack down on offenders. These are a crucial part of prosecution amid the second wave of the pandemic. The Income Tax Department is going full throttle on data analytics to issue notices in time-bound cases. Further, sleuths have been given electronic devices including laptops with secure connections, which keep data encrypted and inaccessible.
The Enforcement Directorate on Thursday raided multiple locations in Maharashtra as part of a money laundering probe against state transport minister Anil Parab and others linked to alleged irregularities in a land deal in coastal Dapoli area of Ratnagiri district and other charges, officials said.
Rajya Sabha MP and Lalu Prasad Yadav's daughter, along with her husband Shailesh Kumar, are alleged to have entered into benami deals for purchase of a farm house in Delhi.
These entities have facilitated illicit transactions worth thousands of crores of rupees over the past 2-3 years
Special Investigation Team on black money will hold a meeting.
This is perhaps for the first time the CBI raided a serving police chief of a state.
The federal agency wants to question and record Parab's statement under the Prevention of Money Laundering Act, they said.
On Thursday, Indrani will be obligated to change into the green uniform sari she receives visitors in, as per jail rules, and meet the gentlemen from the income tax department. She may also at some point on Thursday video conference with Delhi in the INX Media-Karti Chidambaram case where she might become an approver.
Geelani, who was a member of banned Jamaat-e-Islami and chairman of hardline Hurriyat Conference, had been suffering from various ailments for nearly last two decades.
Roopam Asthana, CEO and the whole-time director, Liberty General Insurance Ltd, will answer your queries on HEALTH and AUTO insurance.
The case pertains to the ED probe into the alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper.
Banks asked to maintain record of cash being ferried in these vehicles all the time
Congress leaders Abhishek Manu Singhvi and Randeep Surjewala said party president Sonia Gandhi has been summoned by the ED for questioning in a money laundering case linked to the National Herald newspaper on June 8, and she was determined to appear before the agency as she has nothing to hide.
Includes those dealing in high-value property and petrol pump owners
"We are waiting for the post-mortem report which will make it clear how the death happened," Patil told reporters at Mangaluru.
The seizure occurred during raids at eight premises of a group engaged in sand mining in Tamil Nadu.
Indian companies feel it will be difficult to take on the competition from Bangladesh, Cambodia and others, with their made-in-India products. Ethiopia offers ready-to-use sheds, income tax breaks, training subsidies, and a tax-free gateway into the US, Europe and China. Moreover, labour is available for $60 per month compared to $130-$150 in India.
Malayalam cinema isn't the same as Telugu or Tamil, but Bollywood's blanket approach fails to see the distinction in Selfiee, observes Sukanya Verma.
While the leadership of the biggest Opposition party, the Congress, has not reacted, even non-Congress and (now) anti-BJP parties like the Telangana Rashtra Samithi (TRS) have voiced no view on Banerjee's appeal, reports Aditi Phadnis.
About Rs 8.33 crore cash has been seized from Delhi, Rs 2.5 from Bengaluru and Rs 60 lakh from Mysuru till now, a senior official said.
The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday.
The Rs 5,600-crore (Rs 56 billion) NSEL scam could have been averted had its top management and other functionaries "performed their duties and exercised due diligence" to check the dubious activities of defaulting firms which have been alleged to have cheated numerous investors, investigation by Enforcement Directorate (ED) has revealed.
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