'Secrecy allowed in the electoral bonds scheme legalises anonymity'
Third parties can be used to launder the proceeds of fraud schemes by criminals who gain illegal access to deposit accounts by recruiting them as 'money mules'
The first private sector MF, Kothari Pioneer was registered in July 1993.
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
The amended bill also provides for a stiff Rs 1 crore penalty and a jail term for private entities for storing Aadhaar data.
Don't share information over phone with anyone. Use only official apps. Keep Aadhaar locked unless needed.
Market regulator Securities and Exchange Board of India has said one FPI can hold a maximum of 10 per cent of a company's equity shares, while existing overseas investor classes such as foreign institutional investors, sub-accounts and qualified foreign investors need to convert to the new FPI regime eventually.
In an online chat with readers, Investment Advisor Harsh Roongta answered their queries on the ban on Rs 500 and Rs 1000 notes.
'Please don't forget there's still one final piece to fall in place, which is the Supreme Court judgment. Once that happens, it will be ready for being passed.'
Based on the holding period, the profit you make is liable to short-term or long-term capital gains tax, experts tell Tinesh Bhasin.
Sebi is looking at further tightening the norms for P-Notes to address concerns raised by the Special Investigation Team on black money.
Department of Financial Services is regularly emphasising the early issuance of RuPay Debit Cards, e-KYC based account opening, Aadhaar seeding, financial literacy and the progress in survey made.
What was recovered from Bhajiawala family: Rs 1.45 crore cash, of which about Rs 1.05 crore was in new currency notes, bullion worth Rs 1.49 crore, gold jewellery valued at Rs 4.92 crore, other ornaments worth Rs 1.39 crore and silver ingots priced at Rs 1.28 crore.
The Reserve Bank of India (RBI) said directions have been issued in the wake of a rise in the number of cheque-related fraud cases.
Till June-end alone, insurance regulator is expected to bring about more than half a dozen reforms that will have a significant impact on the customer.
BSE proposes two models for making gold trading and investment transparent
Rediff.com does a quick checklist on what the two manifestos have to say on hot-button issues of the day.
The use of Aadhaar on Skype Lite and LinkedIn will allow Microsoft to bring on board millions in small towns and rural areas lacking e-mail IDs.
Private banks and start-ups offer instant loans on apps as well as through ATMs.
As advertising reaches a cacophonous pitch, as it does every year around this time, brands say they are finding newer and more effective ways to reach their audiences.
SC raised questions over the government's decision ordering mandatory seeding of mobile numbers with Aadhaar.
The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
What surprises will the finance ministry and the RBI spring on us next? Put on your thinking caps and predict the next boomerang coming our way!
'Completely disregarding ground reports of starvation deaths owing to Aadhaar and potentially disguising these deaths to look like accidents appears brutal,' says Rajendran Narayanan.
The panel also suggested that Know Your Client rules should be based on the risk profile of investors.
'A key trend that one should expect to see is tonnes of failures.' 'Several blockchain-focused companies will fail.'
UTI Mutual Fund has launched UTI-FAMILY (that allows investors to buy mutual fund units in their name, but the returns go straight to a parent's bank account.
Sharad Sharma, co-founder and governing council member at iSPIRT, on Tuesday admitted using anonymous accounts to troll on social media those who raised questions on Aadhaar and its applications by the government.
Day Two after the banks reopened following the prime minister's demonitisation announcement, the scenario remained just as chaotic as Day One, reports A Ganesh Nadar/Rediff.com.
In barter, you have the choice of picking up a product that's available with the barter company in exchange for the stuff you want to discard.
The IMG meeting will be convened shortly.
The Street is never short of hope and events to look forward to
The liquidator said the properties are being sold under two distinct phases over a period of two days
Kishore Singh's encounters with post 8/11 India.
Lending on peer-to-peer platforms is fraught with higher risks but investors can earn as much as 12% to 36%.
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
A key demand is to reduce the dividend distribution tax on listed firms.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
