T K S Elangovan has alleged senior bank officials forged documents and faked authorisation from the RBI, to transport huge sums of hawala money during recent elections in the state.
India's gross tax collections soared to a record high of Rs 27.07 lakh crore in the fiscal year ended March 31, led by impressive growth in corporate tax and customs, taking the tax-to-GDP ratio to an over two-decade high of 11.7 per cent, Revenue Secretary Tarun Bajaj said on Friday.
Congress leader Rahul Gandhi alleged that Modi's move was aimed at helping a few of his 'crony capitalist friends' and had 'destroyed' the Indian economy, prompting a strong response from the BJP which said the exercise was an 'attack' on corruption and black money that were rampant during the 'lost decade' of the Congress-led United Progressive Alliance government.
In the past, there have been instances of people getting fake e-mails in the name of RBI.
Every self-respecting city in India will have its version of China Town or Chor Bazaar.
Explaining the modus operandi of the case, the FIR said HDIL promoters allegedly colluded with the bank management, to draw loans from the bank's Bhandup branch. Despite non-payment, the bank officials did not classify the loans as NPA and intentionally hid the information about the same from RBI.
Flipkart has promoted several of its leaders into newer roles at a time when the Walmart-owned e-commerce giant has internally raised its IPO (initial public offering) valuation target to about $60 billion and aims for a US listing in 2023, according to the sources. "I am delighted to announce the promotion of some of our exemplary leaders," said Kalyan Krishnamurthy, chief executive officer, Flipkart Group, in an internal note, and which has been reviewed by Business Standard. "Each of them has been instrumental in delivering impact and creating long-term value for Flipkart.
With growing internet penetration and aspirations, there's a surge in the number of fraudsters issuing fake ads and decamping with the money.
The agency said the first-of-its-kind attachment under the Prevention of Money Laundering Act "enabled" the zoo authorities to retain the animals as the smuggler was making attempts to take them away.
Urjit Patel said said the process of remonetisation was on and estimation of costs was a complex exercise.
Businesses with monthly turnover of over Rs 50 lakh will have to mandatorily pay at least 1 per cent of their GST liability in cash, the finance ministry said as it moved to curb evasion by fake invoicing. The Central Board of Indirect Taxes and Customs (CBIC) has introduced Rule 86B in Goods and Services Tax (GST) rules which restricts use of input tax credit (ITC) for discharging GST liability to 99 per cent. "... The registered person shall not use the amount available in electronic credit ledger to discharge his liability towards output tax in excess of 99 per cent of tax liability, in cases where the value of taxable supply ... in a month exceeds Rs 50 lakh," the CBIC said.
Property of Rs 3,500 crore belonging to the company was seized by the EOW, a police official said.
The KCBC, in a statement, said that even the United Nations reports have made it clear that money earned from drug trafficking is being used for terrorist activities.
An FIR has been lodged against Tamil superstar Rajnikanth's wife Latha for allegedly forging documents to obtain a court order.
A senior life insurance official point out there have also been cases involving former insurance agents.
India has discovered imported luxury, or more appropriately, branded luxu
'I was shocked by the kidnapping episode. I could have lost my life.'
This took the total number of arrests in such cases to 11.
Avinav Kaushik, belonging to private airline Indigo, was apprehended here recently following investigations.
The account of former US vice-president Joe Biden, who is the current Democratic Party presidential candidate in the November election, was also hacked.
Google on Wednesday launched its global 'Be Internet Awesome' programme for children in India in partnership with Indian comic book publisher Amar Chitra Katha to interweave critical internet safety lessons across eight Indian languages. The tech giant has also launched an enhanced Google Safety Centre in eight Indic languages as part of its efforts to step up safety of users on the internet. Google has significantly increased its resources dedicated to India's Trust Safety teams, including product policy analysts, security specialists, and user trust experts that support over 10 vernacular Indian languages, enabling its central teams to benefit from the local nuance and inputs.
Prabhakar Sail, an independent witness in the cruise drugs seizure case, on Sunday claimed that a Narcotics Control Bureau officer and some other persons demanded Rs 25 crore from Bollywood superstar Shah Rukh Khan to release his son Aryan Khan in the case.
The ATMs will open on Friday and at many places they will open on Thursday, he said.
The Supreme Court on Monday asked a crypto-currency scam accused to disclose the username and password of his bitcoin wallet to the Enforcement Directorate and cooperate with the investigation in the money laundering case against him.
Launched by of a few IITians, led by Mahendra Pratap, the portal seeks to reward the good referee and punish the not-so-truthful one. A referee can earn up to Rs 10,000 per month by validating candidates' abilities.
Niranjan Upadhye, general manager, fraud risk management, Worldline India, tells you how to quickly spot a scam and save yourself from grief.
'The Indian government evacuated its citizens from the clutches of the Taliban and Covid-hit Wuhan, so I am not worried.'
RBI to withdraw pre-2005 notes: Here's how to recognise the new from the old.
The central bank said it had issued instructions to banks to ensure that under no circumstances forged banknotes got dispensed through ATMs or across exchange counters.
The Union government on Tuesday said it has issued 202 notices to e-commerce players for incorrect declaration of 'country of origin' on products on their platforms in the last one year. The maximum number of such violations were found with respect to electronic appliances, followed by clothing and home products. Out of 217 notices, 202 notices were issued for violations relating to 'country of origin' norm.
'If you sit collar turned up and tell yourself, you are great, you will never evolve as an actor.'
The PM's remarks at a virtual poll rally went beyond praise for Adityanath for the work done by the state's BJP government during his term -- and appeared to settle the debate over the party's CM face in these assembly elections.
Police said the 27-year-old uncle of the girl, who planned the kidnapping of the minor girl to exhort money from her parents, was arrested along with his associate in east Delhi's Krishna Nagar area on Wednesday.
Investigation into the scam pertaining to blocking beds in private hospitals for COVID patients has so far not revealed the involvement of those Muslims whose names were mentioned by Bengaluru South MP Tejasvi Surya on May 4 in a live programme, top police sources said on Friday.
M&M conducted raids across six auto spare part makers and sales outlets.
Effective employment of the anti-money laundering mechanism by India, which vowed to fight tax havens and black-money, helped detect over 4,000 suspicious financial transactions relating to crime and terror -- more than double the numbers reported last year.
Although the RBI did not give any reason for withdrawal of pre-2005 currency notes, the move is expected to unearth black money held in cash.
The proposal -- aimed at tackling issues related to anonymity of users in the fast-growing social media space -- has been mooted for the first time as part of the amendments likely to be made to the existing IT intermediary rules, the source said. Social media companies with more than 50 lakh users in India will be categorised as significant social media intermediaries. These companies will also have to comply with stricter obligations, including traceability of users, under the revised rules, the source said.
