Reddy, a minister during the previous BJP rule, had been arrested by the Central Bureau of Investigation in 2011 over alleged multi-crore illegal mining scam and granted bail three years later.
Well then, what did DeMo achieve? As predicted by most economists, the volume of transactions fell, economic activity was adversely impacted, and some sectors (which were more dependent on cash transactions) witnessed greater disruption than others, says Rahul Khullar.
VG Siddhartha's story 'will be a good case study and not a deterrent to those who want to be entrepreneurs. I don't think it will scare young entrepreneurs. I think these cases will make them sensible. They will understand that they have to be very careful about certain things, otherwise, they will have to pay a heavy price.'
Parliament failed to transact any business for the fourth day on Tuesday despite the government's efforts to break the logjam over the issue of Foreign Direct Investment in retail through an all-party meeting.
Debashis Basu lists various reasons why laundering through the stock market thrives.
HSBC Mexico said it paid a 'fine imposed by the National Banking and Securities Commission (CNBV), amounting to MXN 379 million (about $27.5 million), in connection with non-compliance with anti-money laundering systems and controls, including reporting requirements with regard to unusual transactions, as well as other prudential regulations.'
Pandey expressed bewilderment over no positive response from the municipal authorities in Mumbai, whom he accused of keeping IPS officer Vinay Tiwari in virtual house arrest, despite being informed about the adverse remarks made by Supreme Court against their action.
It appears that the BJP government has succeeded in managing the communication of the PNB scam in a manner that its adverse impact on its electoral fortunes is largely contained
Even if the government didn't plan for demonetisation properly, it could have taken steps on a war footing later to ensure the situation improves.
One must be extremely cautious while shopping with a credit card.
In fresh trouble for members of the scam-tainted Adarsh Housing Society, which is already under a probe by the Central Bureau of Investigation, the Enforcement Directorate has issued notices to the Society and its members, asking them to furnish information regarding payment towards the purchase of flats. The ED began its probe into allegations of money laundering and benami transactions after facing severe criticism from the Bombay high court.
'What's the point in lamenting widespread toxic work culture, and the capitalist system that gives rise to it if there is no alternative?' 'Actually, there is,' says Ashish Sharma.
RustOrange co-founders Samik Sarkar, Shashank Agnihotri and Kuvalaya Singh share their story and learnings.
The controversy over allowing FDI in retail rocked Parliament for the third day on Tuesday with a united opposition forcing adjournment of both the Houses till noon. Shortly after the Lok Sabha met for the day, members rushed to the Well, demanding rollback of the decision to allow FDI in the retail sector. Members of Trinamool Congress, a key partner of the United Progressive Alliance, kept shouting 'Cancel FDI in retail'.
The proceedings of Lok Sabha and Rajya Sabha were adjourned for the day on Tuesday amid continuous protests by opposition members over the Pegasus snooping row and farm laws, as they demanded that discussions be taken up on the issues in the House.
While Road Transport Minister Nitin Gadkari has been dropped, the panel now has four ministers - Shah, Finance Minister Nirmala Sitharaman, Commerce and Railway Minister Piyush Goyal and Civil Aviation Minister Hardeep Singh Puri.
'In my 20 years, I have never seen such high rates.'
Amid indications of a stormy Winter session of Parliament, an all-party meeting has been convened by Lok Sabha Speaker Meira Kumar on Thursday to ensure that the sittings were held smoothly.
Real, Barca and Juve stand firm on Super League
The Centre has set a steep divestment target of Rs 80,000 crore for 2018-19. In the first six months, it has managed to mop up less than Rs 10,000 crore.
'When it is an open ballot, the division taking place in the open house will be for all to see.' 'As they say sunlight is the best disinfectant, this (aspect of the order) brings in transparency and it's in keeping with the best democratic principles.'
The 'thanksgiving and feedback' programme will also gauze public mood by asking them about the problems they face.
E-commerce companies have understood the importance of having their own in-house wallet, explaining their acquisition spree, says Manoranjan Mohapatra.
The proscribed organisations will be examined under heightened security checks at all layers of legal, administrative, investigative and financial regimes, the Dawn newspaper reported.
The Members suspended included K Ashok Kumar, R K Bharathi Mohan, M Chandrakasi, Jayakumar Jayavardhan, K Parasuraman, Dr K Kamraj, P Kumar, M Vasanti, C Mahendram, K Margatham and P Nagarajan.
Sweeping reforms mooted; feedback open till Aug 27.
Rajya Sabha MP and Lalu Prasad Yadav's daughter, along with her husband Shailesh Kumar, are alleged to have entered into benami deals for purchase of a farm house in Delhi.
Dahiya's first internet-based venture to sell insurance failed, but he was convinced digital was the future
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
Investigators probing the failed Times Square bombing suspect that a hawala racket was used to fund the terror plot. Hawala is the most common source of funds for terror operations and the global underground racket amounts to a whopping Rs 8000 crore. Sources in the Financial Intelligence Unit say that Indian hawala operations account for a massive Rs 2000 crore.Most hawala transactions that fund terror operations originate in Pakistan.
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Birmingham-based Gurpreet Singh Chadda, who was doing business of sale and rent-back of homes through Red2Black Homes and B&L Homes, has also been banned from working in the British financial services industry, besides a fine of 945,277 pounds (nearly Rs nine crore), the FCA said.
Across Yes Bank branches, the busiest people were the relationship managers, trying to soothe nerves. Many were seen advising clients the situation was only temporary and that their money was safe.
Risk aversion is currently a dominant depressant to economic recovery, points out Shankar Acharya, former chief economic advisor to the Government of India.
Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again
A combative External Affairs Minister Sushma Swaraj on Tuesday said she was ready for a debate in Parliament over Congress allegations about her links with controversial former Indian Premier League chief Lalit Modi.
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
In a significant ruling, District Consumer Complaints Redressal Forum has held HDFC bank responsible for unauthorised fund transfer in an internet banking transaction.
The rupee hovered in a range of 63.75 and 63.84.
The government is planning to liberalise the terms and conditions for the sale of the national carrier. The Centre is still pursuing the option of selling the airline's subsidiaries before the airline itself, in order to deal with an outstanding debt of around Rs 27,000 crore.
