Dr Singh should explain his worries, concerns, hopes and determination to act to the people through the media, says B Raman
Bansal has been named as the 39th prosecution witness in the case in which Singla, the then Member (Staff) of Railway Board Mahesh Kumar and eight others have been chargesheeted for the offence of criminal conspiracy under the IPC and relevant provisions of the Prevention of Corruption Act.
Financier Bernard Madoff, in jail now, had shelled out nearly $ 1 million towards lobbying and in campaign contributions, of which a large part went to the Democrats, a US research group has said.
Never invest in a company or an industry that you have never heard of even if you get a tip-off.
'People who have unaccounted money often park it in unregulated deposit schemes.' 'Curbing illegal deposit-raising activity will also carry forward the government's drive against black money.'
Stepping up attack after Prime Minister Manmohan Singh rejected CAG's observations on coal block allocation, BJP on Monday alleged that he was directly responsible for causing delay in amending laws on auction with the aim of bringing financial benefit to Congress.
Leading bourse Bombay Stock Exchange on Tuesday favoured more stock markets in the country saying it will help in channelising the household savings into productive capital.
Nirmala Sitharaman said Nirav Modi may have been able to run away from the country, but the government is taking action against him, and claimed that it will "surely nab him".
This is the time of year to be most on guard against a host of scams, new and old.
Ponzi schemes have characteristics that the informed investor can spot easily.
The CBI on Wednesday directed him to contact the embassy of India in a country where he is staying so that his travel to India can be arranged
The Enforcement Directorate arrested Yes Bank founder Rana Kapoor under money-laundering charges in Mumbai in the early hours of Sunday, officials said. The banker was held under the provision of the Prevention of Money Laundering Act (PMLA) around 3 am as he was allegedly not cooperating in the probe, they said.
Scam-tainted Satyam Computer is planning to restate its financial results for the third quarter ended December 2008 by March-end. "Our auditors are working towards this end," a Satyam spokesperson said on Friday, adding that the only caveat to this possibility would be if the auditors decide to restate results of the company over the past several years, which could further delay a clearer picture of the Hyderabad-based IT company's actual financial position.
But it does not mention its views on the government demand to ban these two auditors for five years from business.
ED, which has been probing the alleged financial irregularities and cheating by Saradha group of companies, has also detected that a high interest rate of 18 per cent was assured to investors if they invested in the groups' schemes for a period of 3-5 years, the probe report said.
HDFC Bank was penalised R15 lakh in April 2011 for its role in the so-called derivatives scam. By no means is this big money for the bank but such regulatory actions tarnish the image of a bank. In the financial world, they call it reputation risk. HDFC Bank couldn't escape this despite its hatred for risks. What went wrong? Journalist Tamal Bandyopadhyay lifts the veil off the incident, and the bank's response, in this fascinating insight from his forthcoming book
Congress members in the Joint Parliamentary Committee looking into the 2G scam today sought to turn tables on the Bharatiya Janata Party by raising questions as to why the then Finance Minister Jaswant Singh approved a proposal of the Telecom Ministry in 2003 on reduction in licence fee without examining its financial implications.
Siva Group had mandated JM Financial to hunt for a buyer, but investors shied away from the Indian telecom industry.
Sniping at the Congress, the Bharatiya Janata Party on Sunday said its rally in New Delhi was intended to create a false bravado for the demoralised cadre of the ruling party which has failed to address serious concerns over corruption and multiple scams.
Central Bureau of Investigation is investigating the Saradha ponzi scam.
'I haven't experienced such a thing ever. It was beautiful.'
Jumping to the rescue of former Uttar Pradesh chief minister Mayawati following allegations of her involvement in the NRHM scam, the Bahujan Samaj Party said that though she held the family welfare department for two years she had no role in granting funds under the NRHM.
PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.
He said he requested the prime minister to be 'magnanimous' towards the people of Andhra Pradesh.
The ED on Monday also examined the state-owned bank's executive director K V Brahmaji Rao to understand how the alleged fraud was detected and other banking procedures.
The Parliamentary Standing Committee on Finance's meeting comes against the backdrop of CBI probing the Saradha scam in which thousands of crores or rupees of gullible investors were allegedly swindled.
The government on Friday sought to drag in the National Democratic Alliance regime into the Commonwealth Games mess.
Struggling to make ends meet, the railways have demanded a doubling of gross budgetary support from the government.
62-year-old Gupta appeared in Manhattan federal court but it was not immediately known what charges have been slapped against him by the prosecutors.
Shah and Javalgekar were arrested on May 7.
However, the road to profitability has already hit some hurdles for the Delhi-based bank as the Union government has rejected its demand for an additional capital infusion of around Rs 8,000 crore in 2018-19
CBI conducted raids at over two dozen places including those of senior officials of SBI Mutual Fund, UTI and broker Ketan Parekh for allegedly duping the financial institutions of crores of rupees in the latest stock market scam.
Three veteran investors, who, have braved the bad times, give their advice to retail investors.
Vagela could not have reached this position if Narendra Modi, who'd known him from his chief minister days, had not backed the choice.
The party -- happy that the government has accepted its demand for a parliamentary probe into the 2G scam -- might not obstruct most of the important Bills the government would present in this session, said senior BJP leaders.
The two states account for 24% of total accounts opened under financial inclusion scheme.
The MNS has convened a meeting of party office-bearers on Tuesday in Mumbai to discuss the issue.
PNB issued a formal appointment letter to Belgium-based consultancy firm BDO
Banks will also have to seek borrower's status report from Central Economic Intelligence Bureau on the account turning NPA
PwC one of the big four audit firms, has expressed disappointment at the conviction of two former partners in the Satyam scam.
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