Mallya's lawyer said he wants to return, but a British court has prohibited him from leaving the UK without its permission.
The total income of seven political parties from unknown sources was Rs 2,512.98 crore in 2018-19.
The richest and poorest candidates who contested the Maharashtra assembly elections were defeated.
The Association for Democratic Reforms in its report has stated that Maharashtra's Beed district tops the list of red alert constituencies with 9 tainted candidates contesting the elections.
This pertains to certain irregularities in loan disbursements towards the development of two Slum Rehabilitation Authority projects undertaken by the company in the past.
Of the 294 candidates declared with serious criminal cases, 76 were from the TMC, 52 from the BJP, 47 from the CPI-M and 31 from the Congress.
The Centre informed the Supreme Court on Monday that a decision is likely in 2-3 days over charging of interest by banks on instalments which were deferred during the moratorium period in view of the Covid-19 pandemic.
In an affidavit filed by Union finance ministry on behalf of the Union of India, it said that the relief to all borrowers in respect of compounding of interest during the period of moratorium would be admissible to the categories specified irrespective of whether the borrowers had availed the moratorium or not.
RBI may be inclined to impose severe restrictions on lending in the coming quarters.
The income-tax department on Thursday nudged black money holders to make "honest" disclosures under the tax amnesty scheme -- Pradhan Mantri Garib Kalyan Yojana -- warning that non-declaration could attract 77.25 per cent tax and penalty along with prosecution.
'The opposition party was disappointed that the UN listing does not mention the Pulwama terror attack, in which 40 CRPF personnel lost their lives, and has no reference to Jammu and Kashmir'
The ED is of the opinion that the authority stepped into the shoes of the trial court and commented on the preliminary investigation done by the CBI in the impugned order.
The combined net sales of 42 listed construction and capital goods companies that have declared their third-quarter results so far were down 2.3 per cent year-on-year in Q3FY21 while core operating profit was up just 4.9 per cent YoY during the quarter.
The Sharif group's website claims they are worth $300 million in business and $100 million in real estate holdings
There was no postal intimation to unitholders who didn't have a registered email address, according to a letter that Midas Touch Investors Association sent to Sebi.
'It is the common people, not lawyers and judges, who are the stakeholders of the judiciary.'
Revised tax forms will be simple; stress on foreign travel and assets has been reduced
With assets worth more than Rs 6.27 crore, Madhya Pradesh's Shivraj Singh Chouhan is the richest among those set to be appointed chief ministers in the four states.
The sad truth is that the debt-to-GDP ratio will shoot up close to 90 per cent in the coming year, and the fiscal deficit glide path does not promise to reduce it substantially any time soon, predicts Mihir S Sharma.
Whistle-blowers allege the brothers violated court orders by selling assets like art and real estate worth crores bought by funds from their companies.
While salaried jobs are not lost easily, once lost they are also far more difficult to retrieve. Therefore, their ballooning numbers are a source of worry, notes Mahesh Vyas.
It is rare for Cabinet ministers to tick off state-owned companies publicly, yet that was what then petroleum and natural gas minister Dharmendra Pradhan did for ONGC. Speaking at an event on June 29, Pradhan said he has asked India's premier exploration company to find fresh oil acreages fast. "Do it yourself through some joint venture (or) through a new business model. But the government cannot permit you to hold resources for an indefinite time." The reason for this stricture is India's rising dependence on imported oil and gas. Or, to put it another way, falling domestic production (see chart: "Crude truth"), especially from ONGC, which faces a simple problem.
Lashing out at his 'personal attacks' against party chief M Karunanidhi, the Dravidra Munnetra Kazagham on Monday demanded an unconditional apology from Press Council of India Chairman Markandey Katju and warned of legal action against him if he continued with his tirade against the leader.
In its FIR filed recently, the CBI has named Khattar and his company Carnation Auto India Limited for allegedly causing a loss of Rs 110 crore to Punjab National Bank.
The NCLAT said the RBI cannot restrict it from prohibiting banks from 'asset classfication' and observed that any change in this order would upset the entire resolution process of the IL&FS
The Bill could be referred to the Parliamentary Committee for scrutiny
Only 40 per cent of the forensic information required was made available by PNB and as such, there is no way that one can put a cap on the total value of LoUs issued. He is the second Indian to be declared a fugitive economic offender, after liquor baron Vijay Mallya.
A report by the Association for Democratic Reforms states that none of the 60 newly-elected MLAs of the Manipur Assembly, has declared criminal cases against him/her.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
On the eve of the final phase of the Uttar Pradesh elections, Rediff.com's Aslam Hunani reviews the political landscape in the epicentre and beyond.
'India should start leveraging rather than banning crypto.'
Mallya, whose Kingfisher Airlines owes money to several banks, had on Thursday said he will challenge UBI's decision to declare him a willful defaulter.
The government had raised Rs 10,000 crore through the last domestic black money amnesty.
People who have no access to or do not trust the financial system are the only ones for whom investing in gold makes sense, says Naval Goel.
Citing overlapping of functions, a parliamentary committee on Monday recommended integrating Central Vigilance Commission and anti-corruption wing of the Central Bureau of Investigation to work directly under the command and control of Lokpal to deal with corruption cases.
Rising bad loans continued to haunt public sector banks (PSBs) in the March 2016 quarter.
Amidst barbs flying back and forth, Rediff.com's Aslam Hunani lists all that you need to know about the fourth phase of the UP assembly elections, which will take place on February 23.
It is difficult to say if the banking sector will see the worst behind it by March 2020, warns Tamal Bandyopadhyay.
About 50 per cent of the accounts that availed of the EMI moratorium amid the pandemic, which made things worse in an already slowing economy, are expected to be restructured, and of these accounts that would undergo restructuring, one-third, or Rs 6-9 trillion, could turn into NPAs.
Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter.
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