Congress rebel Y S Jaganmohan Reddy, who was arrested by the Central Bureau of Investigation on Sunday after days of questioning in a DA case, is likely to be quizzed this week by the Enforcement Directorate in connection with the probe against him and others in an alleged money laundering and foreign exchange violations case.
About Rs 1,282 crore has been levied as tax in 159 cases pertaining to concealment of tax due to the government
Such service providers were given time until the end of October to follow the law of the land.
The Enforcement Directorate has issued notice to the BCCI to explain transfer and routing of funds to the tune of Rs 1,600 crore in the conduct of the second season of Indian Premier League cricket tournament.
Enforcement Directorate has issued notice to the BCCI to explain transfer and routing of funds to the tune of Rs 1,600 crore in the conduct of the second season of Indian Premier League cricket tournament.
Notification, FAQs likely after FM Jaitley returns from the US
According to a report in the Daily quoting a senior administration official, there was a "tiny slice" of personal protective equipment left over.
The Enforcement Directorate has issued a show cause notice to the Board of Control for Cricket in India suspended IPL commissioner Lalit Modi for transfer of Rs 90 crore to the UK, in connection with its probe in alleged financial irregularities in the T20 cricket tournament.
Former Indian Premier League Commissioner Lalit Modi took to Twitter 'big time' on Wednesday after the Delhi high court ordered restoration of his passport, thanking the people who stood by him.
The disclosures will enjoy immunity from wealth tax, civil and other taxation laws but there will be no immunity from FEMA, PMLA, narcotics and black money laws.
Official sources said the ED will focus on the event managers and will also issue summons to them under the Foreign Exchange Management Act (FEMA) to explain how they got the foreign exchange that was paid to the singer.
The government has initiated the process to safeguard buyers from online frauds.
Indian banks have started exploring opportunities in the space, including lending to crypto exchanges, and accepting bitcoins as collateral, among others.
Banks will also have to seek borrower's status report from Central Economic Intelligence Bureau on the account turning NPA
The Enforcement Directorate is likely to book former IPL chairman Lalit Modi under the stringent Prevention of Money Laundering Act, which gives the Directorate the power to arrest and attach properties.
Even as the Income Tax department is probing the financial dealings of the money-spinning Indian Premier League, the Enforcement Directorate (ED) will look into the alleged murky international deals of the Twenty20 tournament. Official sources said the Mumbai wing of the ED had conducted a discreet inquiry into the finances of Rajasthan Royals in 2008 and had prepared a report of alleged Foreign Exchange Management Act (FEMA) violations.
The government informed the Rajya Sabha on Thursday that Enforcement Directorate is looking into complaints of Foreign Exchange Management Act violations by Anil Dhirubhai Ambani Group, but no conclusion has been reached.
Till Monday, 43,734 confirmed cases of coronavirus were reported in the United States.
Even as illegal purchase of land violating Foreign Exchange Management Act (FEMA) is haunting Goa government, an ad hoc committee was told that the state can restrict the sale of land to foreign nationals under Foreigners Rule, 1946.
Under the EB-5 visa programme you can become a US citizen provided you invest $500,000 in an approved project and create targeted employment. But only 700 Indians can do so each year.
FinMin had, recently, notified changes in FDI rules that made prior approval of the government mandatory for foreign investments from countries that share a land border with India. Hong Kong was ranked 14th on the list of countries with FDI flows to India, contributing $4.2 billion between April 2000 and December 2019, the data from DPIIT shows. India received FDI worth $2.34 billion from China in the same period.
If any foreign account holder violates Indian laws, tax authorities can enforce repatriation of funds.
Few proposals included in the Finance Bill would not help ease liquidity concerns in the economy, say RBI officials.
The Reserve Bank of India (RBI) has advised the public not to succumb to the temptation of fictitious offers of large funds through e-mails from unknown entities.The RBI clarified that under FEMA restrictions on transfer of funds also apply to lottery-like schemes functioning in different names such as money circulation scheme or remittances for the purpose of securing prize money/awards etc.
This follows an investigation into alleged violations of foreign exchange rules involving foreign direct investment of Rs 85 crore and Rs 140 crore by JP Morgan India and Amrapali Group firms.
To send a notice under money laundering law.
The storm has wrecked havoc, killing at least 60 people and costing up to $180 billion (Rs 11,542 crore).
The duo had approached the court when the government body refused to provide all documents collected by it in the oil-for-food scam.
The president said the European Union has "failed to take the same precautions" as his administration had implemented to contain the coronavirus outbreak.
The ED has attached assets to the tune of Rs 9,003 crore and filed 173 charge sheets in the financial year 2014-15.
"Thanks to the profound commitment of our citizens, we have flattened the curve and countless American lives have been saved. Our country is now in the next stage of the battle. A very safe, phased and gradual reopening of our country," Trump said.
Those taking up a job abroad should notify their bank about the change in status and open appropriate NRI accounts
A former Indian ambassador to Iraq has said this to the ED.
Unless Dr Urjit Patel starts clearing the balance sheets of banks, the investment cycle will not start. Unless the clog in the drain is cleared, further lending cannot happen. If further lending doesn't happen, the investment cycle also will not happen, writes M R Venkatesh.
This money was found wrapped in newspapers and was concealed in their check-in baggage.
The Reserve Bank of India (RBI) allowing the use of put options in investment agreements has brought needed clarity but it has come with strict restrictions. These could impact investors looking for a minimum rate of return, experts say.
The government on Tuesday said it is not considering imposing tax on foreign institutional investors to curb volatility in the stock markets.
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