While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
The Reserve Bank has notified that all transfer of stake or interest in an oil and gas field to non-residents will be treated as FDI and will have to be reported under Foreign Exchange Management Act (FEMA).
'This outbreak has really brought out the best in many people.'
Rediff.com features some Chennai Super Kings fans, young and old, who came in all their glory as they cheered for Mahi and his men during their Super 8 match against Delhi Daredevils on Monday.
A host of dynamic reforms, policies and announcements during the last five years are expected to reach its logical fruition in the second term, says Ankit Kansal.
The byelection, which will be the first popularity test for Prime Minister Gordon Brown, is being held due to the death of 82-year-old Labour Member of Parliament Piara Singh Khabra.
As people crisscross the country, eager to return to their homes, the cases have raced past 80,000 with at least 2,649 deaths, according to the Union health ministry on Friday. While there is no exact count, this includes a large number of those who have returned to their states.
The PBD this year functions as a political stage for the BJP government at the Centre and in Uttar Pradesh. Both Prime Minister Narendra Modi and Congress president Rahul Gandhi have been wooing the Indian diaspora through widely publicised events across the country. At the PBD, the mood was either largely pro-Modi, and when not, apolitical.
Anti-corruption crusader Anna Hazare's trip to the United States and participation in the India Independence Day Parade, was "to meet NRIs and connect with like-minded people in the United States and get their support -- wake them up -- for the next anti-corruption agitation in India."
According to census data, Indian-Americans were the fastest-growing ethnic group in the 1990s, and remained one of the largest sources of legal immigration to the United States, the report noted.
'I had not imagined there would come a day when food shopping become a real danger.' 'Or the daily statistics in the news could have such chilling effect.'
Subramanian recommended five ways of financing additional expenditure over a period of one year, including cutting expenditure and borrowing directly from the RBI or monetising debt.
The international designer believes Indians are ready to go global when it comes to fashion. It inspired him to bring his Paris collection to Mumbai in its original form. Is he right? Vote to tell us which one you prefer?
Veteran Bollywood actor Naseeruddin Shah's veiled comments against Anupam Kher on Saturday drew sharp reactions from his former co-star.
'I once thought Shah Rukh Khan to be the most knowledgeable actor in our industry,' Paresh Rawal once told me. 'But Sushant was just as well-informed on any topic under the sun.' Subhash K Jha recalls his many conversations with the actor.
This year, for the first time, NRIs returning from the US are expected to outnumber those coming to this country from India.
The move may release funds locked in government securities and add to liquidity. With inflation expectations lowered, this should not impact bond sentiment in the short run
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Preparations are almost complete for the smooth conduct of the three-day Pravasi Bharatiya Divas, which will be attended by President Pranab Mukherjee and Prime Minister Manmohan Singh.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
The actress joined thousands of Indian Americans for the India Day Parade.
'The world outside my window now is mostly uninhabited, barring the few masked figures that skirt around my shadow as I walk the empty roads for the occasional grocery run.'
Air India and its inefficiencies were among the top topics of discussion on Day One of the Pravasi Bharatiya Divas being held in Kochi.
Finance Minister Arun Jaitley on Monday did not change tax slabs but offered a relief of Rs 3,000 to the salaried with income below Rs 5 lakh per year.
Gurbani premieres on March 18 at 10.30 pm on Colors.
'What can I do for my India except make films that showcase it's greatness to the world, which touch on national issues and arouse the feeling of patriotism?'
For two decades while we continuously talked of infrastructure, power, ports, airports, irrigation, railways, roads, sewer systems, public transport, skill development, education, et all we also realised that our governments has very less vision to structure it, very little political will to carry it and far less managerial band-with to deliver such projects on time, writes M R Venkatesh.
Although residential sales faced a major set back in Q2, they made a comeback with help of pent up demand.
The apex court said that the government should file an affidavit by April 11 explaining the reason why the window was not created for the people having difficulty and the chance was only given to NRIs and the citizens who travelled abroad.
Gandhi said India has been devastated by demonetisation and the Goods and Services Tax (GST).
The brothers say that the accounts were opened when they were NRIs and were legally allowed to do so.
The 10,000-square feet top-floor apartment is being sold by Raheja Developers.
Based on the report of the expert committee set up to formulate the state's lockdown exit strategy and the inputs received from various sections of the society, the chief minister said it was necessary to continue with the lockdown restrictions for some more time.
On becoming an NRI, legally you are required to inform all your banks and also all the companies where you have investments about the change in your status within a reasonable time.
As part of Ford Motor Company's crack research and development team, he helped the US car maker launch its popular hybrid car Excape.
Opposition leaders have questioned the alleged misuse of public funds in organising the second global meet on Bihar. They have claimed that the event is merely an "image building" exercise for Chief Minister Nitish Kumar. The much-hyped meet -- which began on Friday and involves nearly 1,000 participants including NRIs -- aims to discuss ways to accelerate the momentum of high growth and development strategies for Bihar.
Indian Matchmaking has clearly been produced to pander to Western audiences's awful fascination with the institution of arranged marriage, notes Kanika Datta.
The annual event for overseas Indians, which is being held in Jaipur for the first time, witnessed tempers flaring with delegates upset over being frisked at every gate inside the convention venue. Some delegates even complained of policemen being rude and polite depending on their mood.
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