The assets are estimated to be worth over Rs 6,000 crore.
A total of 553 crorepatis are in the fray in the Tamil Nadu elections to be held this month, while 283 have declared criminal cases against themselves, a report said on Tuesday.
The Enforcement Directorate on Monday seized three offices in a prime location in Mumbai, valued more than Rs 41 crore, as part of a foreign exchange violation probe against a businessman whose name figured in the Panama Papers.
'There has been a huge shift. Consumer needs and requirements have changed, and differ from city to city.'
Wilful defaulters owe SBI Rs 80,000 crore. 10 nationalised banks are owed another Rs 1.5 trillion.
Polling is scheduled in all 20 seats of Kerala, 14 of the 28 seats in Karnataka, 13 seats in Rajasthan, eight seats each in Maharashtra and Uttar Pradesh, six seats in Madhya Pradesh, five seats each in Assam and Bihar, three seats each in Chhattisgarh and West Bengal, and one seat each in Manipur, Tripura and Jammu and Kashmir.
Maharashtra now has 20 ministers, including the chief minister, after the council of ministers was expanded on August 9 with the induction of 18 members.
Penalties for non-disclosure or inaccurate disclosure of these details can be severe.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
Right to apprenticeship, legal guarantee for MSP, passing a constitutional amendment to raise the 50 per cent cap on reservations for SCs, STs and OBCs, a nation-wide caste census and scrapping of Agnipath scheme are among the promises made by the Congress in its Lok Sabha polls manifesto released on Friday.
Legal experts explain the implications of the latest twist in the Amazon-Reliance battle for billion-plus consumers' purse.
Blackmoney holders t oface the music very soon, says FM.
'If businessmen should be included in the political process -- which is essential in my opinion -- they need to have the freedom to express themselves and to take stands against the government of the day, without fear of reprisals and attacks on their business.'
Chief Minister Nitish Kumar and Deputy Chief Minister Tejashwi Yadav also have cases registered against them.
The ruling Bharatiya Janata Party has 17 crorepati candidates followed by Tipra Motha with nine and the Communist Party of India-Marxist seven, the report by the Association for Democratic Reforms (ADR), a civil society organisation, said.
Becker is currently barred from entering the UK before October 2024, and at the moment is unsure if his partnership with Rune will continue into next season.
Manappuram declared consolidated assets under management (AUM) growth of 27 per cent year-on-year (Y-o-Y) (5.1 per cent quarter-on-quarter or Q-o-Q) to Rs 38,950 crore. Net interest income (NII) saw a margin expansion of 24 basis points (bps) Q-o-Q to 15.44 per cent.
The government on Thursday clarified that black money declarants using the one-time compliance window cannot pay tax and penalty from undisclosed income to bring down their liability.
Veerappa Moily was forced to defer the Judges (Declaration of Assets and Liabilities) Bill, 2009 after the Opposition, including the Bharatiya Janata Party and Left, took strong objection to Clause VI of the Bill which states that High Court and Supreme Court Judges would declare their assets but the same would not be made public.
Crisis-ridden NSEL on Wednesday declared ten more entities as defaulters after they failed to pay their dues on the second-pay out, taking the number of members who are to pay dues at 19.
The details of assets submitted by Lokesh look strikingly different when compared with the declared assets of his family on October 19, 2016.
Kapoor, 62, and the Wadhawans were arrested by the agency in this case early this year and they are in judicial custody at present.
In 2012, Parsekar had shown his movable and immovable assets at Rs 10.74 crore which now stand at Rs 8.98 crores.
Following is the chronology of events in the case in which a five-judge Constitution Bench of the SC upheld the 2010 Delhi high court verdict which said that the office of the Chief Justice of India falls under the ambit of RTI Act.
'He may be chief minister, but sooner or later he will face the music.'
'We in India are incredibly lucky in our judiciary. Taken as a body it is undoubtedly free of taints. But let us not pretend that every single member of this elite corps is free of controversy.'
rediffGURU Samkit Maniar answers readers' personal income tax queries
That bliss is set to end soon, with the finance ministry planning to make it mandatory for individuals and Hindu undivided families to report assets and liabilities in income-tax return forms.
The department of economic affairs is said to be in discussions with various probe agencies, including the income tax department and the Enforcement Directorate, and bankers in drafting the final rules.
In a relief to liquor baron Vijay Mallya, the high court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon to be declared bankrupt to enable them recover a loan of around 1.145 billion pounds from him. Justice Michael Briggs of the insolvency division of the high court granted relief to Mallya, ruling that he should be given time till his petitions to the Supreme Court of India and his settlement proposal before the Karnataka high court be determined, allowing him time to repay his debts to the banks in full.
The Reserve Bank on Thursday proposed tighter norms for treatment of wilful defaulters under which banks and other lenders will be required to examine all accounts with outstanding amount of Rs 25 lakh and more to see if the borrower is deliberately not repaying the loan. The central bank has issued a 'Draft Master Direction on Treatment of Wilful Defaulters and Large Defaulters' on which comments have been invited till October 31. According to Reserve Bank of India (RBI), the draft Master Direction expands the scope for regulated entities which can classify borrowers as wilful defaulters and broadens the definition of wilful default.
Fugitive diamantaire Nirav Modi's sister and brother-in-law have "turned approvers" in the over $2 billion PNB fraud case against him and they will help the Enforcement Directorate confiscate assets worth Rs 579 crore, including Swiss bank deposits, the agency said on Thursday. Forty-nine-year-old Nirav Modi, who is currently lodged in a London jail, his uncle Mehul Choksi and others are being probed by the Enforcement Directorate (ED) in the Punjab National Bank (PNB) money laundering case since 2018. The diamond merchant's younger sister Purvi Modi (47) is a Belgian national while her husband Maiank Mehta is a British citizen. They are stated to be based abroad and have never joined the probe.
PCB Chairman Zaka Ashraf backed disgraced paceman Mohammad Aamir by declaring him a national asset and hinted that the Board may help the young fast bowler in returning to the international fold.
'It is violation of the Model Code of Conduct.' 'It is a penal offence under the IPC to exert undue influence on voters.' 'Under the election law, it is a corrupt practice.'
Life Insurance Corporation of India (LIC) February 8 for the first time ever crossed the Rs 7 trillion market capitalisation, as the stock price of state-owned insurer hit a new high of Rs 1,144,45, on rallying 10 per cent on the BSE. The board of directors of the Corporation are scheduled to meet today i.e. February 8, 2024, to consider a proposal for declaration of interim dividend for the financial year 2023-24 (FY24). The board will also consider and approve the unaudited financial results for the quarter and nine-month period ended on December 31, 2023.
The average assets of an MP are now 345.8 times that of an annual income of a tax-filing individual, reports Sachin P Mampatta.
Bandhan Bank has declared disappointing results for the first quarter of the 2023-24 financial year (Q1FY24). While the market has been braced for known issues around microfinance exposures in West Bengal and Assam, there is higher stress in the portfolio. This means higher credit costs and poorer asset quality, leading to target downgrades by analysts.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
US-based boutique investment company GQG Partners has shot into limelight with its Rs 15,446-crore Adani wager.
Our mutual fund expert Value Research says no and explains why this should not worry an investor.
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