News for 'foreign exchange department'

Foreign policy, declassified

Foreign policy, declassified

Rediff.com21 Feb 2014

The external affairs ministry's files, as distinct from those of the ministry of defence or the agencies, at least from before 1974 should be declassified. And if select files that are more than 40 years old are not to be declassified, the ministry should follow explicit guidelines to justify taking such a view, says Jaimini Bhagwat.

Rediff's Wave Rider Retires!

Rediff's Wave Rider Retires!

Rediff.com1 Nov 2024

We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.

Govt tightens noose around e-tailers, 9 depts to monitor biz

Govt tightens noose around e-tailers, 9 depts to monitor biz

Rediff.com30 Jan 2015

Each dept could handle a designated area.

Foreign firms to be invited to StartUp India anniversary

Foreign firms to be invited to StartUp India anniversary

Rediff.com14 Jun 2016

The event will aim at drawing foreign investment in startups and push local partnerships.

Petrodollars no longer draw Malayalees to Gulf

Petrodollars no longer draw Malayalees to Gulf

Rediff.com12 Sep 2007

Emigration, probably Kerala's top foreign exchange earner since the '70s, is now declining says the study by the Non-Resident Keralites' Affairs Department, a state government agency in Thiruvananthapuram set up to look after the NRIs.

Centre gives nod to Delhi minister Atishi for UK visit

Centre gives nod to Delhi minister Atishi for UK visit

Rediff.com7 Jun 2023

The counsel for the Centre said the proposal has been sent to the economic affairs department for further approvals, which would also be processed and the petitioner can apply for requisite visa permits.

India may have to wait for automatic exchange of Swiss info

India may have to wait for automatic exchange of Swiss info

Rediff.com12 Oct 2014

The Swiss Finance Ministry spokesperson recently confirmed that a meeting is expected in the coming weeks, but did not disclose any further details.

An open letter to the RBI governor

An open letter to the RBI governor

Rediff.com11 Jan 2019

Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.

Centre to issue government securities without foreign limits soon

Centre to issue government securities without foreign limits soon

Rediff.com24 Feb 2020

While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.

Global leaks: Why ED can't probe these 'culprits'

Global leaks: Why ED can't probe these 'culprits'

Rediff.com19 Nov 2019

This is because no prosecution complaint has been filed in any of these cases under the Black Money Act.

Govt, RBI closely monitoring markets: FM

Govt, RBI closely monitoring markets: FM

Rediff.com13 Mar 2020

Sitharaman also said different departments of the government are working to provide relief to industry, which could be severely impacted by the fast-spreading virus.

Sekhar Reddy case: ED arrests two in Chennai

Sekhar Reddy case: ED arrests two in Chennai

Rediff.com28 Dec 2016

The Enforcement Directorate on Wednesday said it has arrested two persons in Chennai for alleged illegal exchange of Rs 6 crore in old notes "in connivance with" sand-mining baron J Sekhar Reddy as part of its money laundering probe post demonetisation.

What Rajnath's UK Visit Means For India's Defence

What Rajnath's UK Visit Means For India's Defence

Rediff.com8 Jan 2024

The Indian Navy, which was earlier looking towards the US for design expertise, technical know-how and operational practices, is now considering the advantages of working with the Royal Navy.

SFIO probes 11 companies on BoB forex fraud

SFIO probes 11 companies on BoB forex fraud

Rediff.com8 Dec 2015

A forensic probe has been ordered into alleged irregularities by the department of financial services.

Party colleagues rally behind Imran as Pak set to elect new PM

Party colleagues rally behind Imran as Pak set to elect new PM

Rediff.com10 Apr 2022

Despite the government's hectic efforts to avoid voting on the no-confidence motion against Khan, the joint Opposition succeeded in its month-long efforts to oust Khan from the prime minister's office as 174 members of the 342-member National Assembly voted against him in the wee hours of Sunday after a day of high drama.

Canada welcomes India's decision to resume some visa services

Canada welcomes India's decision to resume some visa services

Rediff.com26 Oct 2023

India's high commission in Canada said on Wednesday that the country's officials will resume processing some types of visa applications for Canadians applying from across the country as well as abroad.

'We have no policy to kill our enemies'

'We have no policy to kill our enemies'

Rediff.com28 Nov 2023

'Countries like Israel said openly that they will hunt people down. We have no such policy.' 'We have always been following the legal process of getting them (people wanted by India) through extradition.'

Jaswant says Fema will be amended

Jaswant says Fema will be amended

Rediff.com10 May 2003

Finance Minister Jaswant Singh said on Saturday that he has approved the draft Cabinet note for amending Foreign Exchange Management Act.\n\n\n\n

Paytm Crisis: StartUp Founders Take Note

Paytm Crisis: StartUp Founders Take Note

Rediff.com22 Feb 2024

Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.

EC Lavasa's son under ED scanner for FEMA violations

EC Lavasa's son under ED scanner for FEMA violations

Rediff.com12 Nov 2019

The trouble for Ashok Lavasa's family began a few months back when his wife, Novel Singhal Lavasa, came under the scanner of the income tax department on charges of alleged tax evasion.

How RBI can prevent frauds

How RBI can prevent frauds

Rediff.com29 Oct 2020

Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.

Undisclosed income of Kalki Bhagwan may cross Rs 600 cr: I-T

Undisclosed income of Kalki Bhagwan may cross Rs 600 cr: I-T

Rediff.com22 Oct 2019

On October 18, the tax department had said searches had led to detection of undisclosed income of more than Rs 500 crore in addition to Rs 93 crore worth seizures, including gold jewellery and diamonds. A revised appraisal of such seizures now pegs its value at Rs 106 crore which includes cash (Rs 45 crore), gold jewellery and diamonds (Rs 41 crore) and foreign currency Rs 20 crore.

India, China discuss LAC affairs in Beijing, no breakthrough yet

India, China discuss LAC affairs in Beijing, no breakthrough yet

Rediff.com22 Feb 2023

The Working Mechanism for Consultation and Coordination on India-China Border Affairs (WMCC) was established in 2012 as an institutional mechanism for consultation and coordination for the maintenance of peace and tranquillity in the border areas.

Income in US on I-T radar in FY23, non-disclosure to invite action

Income in US on I-T radar in FY23, non-disclosure to invite action

Rediff.com11 Apr 2022

Indians having undisclosed income in the United States (US) may face proceedings under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, this financial year. Also, those named in global leaks may be searched, show-caused, and prosecuted, according to the FY23 internal action plan of the Central Board of Direct Taxes (CBDT). The CBDT has rolled out an aggressive target and timeline to investigate tax evasion matters, especially those involving undisclosed foreign assets.

Kissinger used racist, misogynist language for then PM Indira Gandhi

Kissinger used racist, misogynist language for then PM Indira Gandhi

Rediff.com30 Nov 2023

Speaking about the issue in India in March 2012 at a media conclave, Kissinger defended his use of unparliamentary language while referring to Prime Minister Indira Gandhi.

Blackmoney: ED freezes properties, files 173 chargesheets

Blackmoney: ED freezes properties, files 173 chargesheets

Rediff.com29 Apr 2015

The ED has attached assets to the tune of Rs 9,003 crore and filed 173 charge sheets in the financial year 2014-15.

Govt restricts import of 351 defence items, to be indigenised in 3 yrs

Govt restricts import of 351 defence items, to be indigenised in 3 yrs

Rediff.com29 Dec 2021

The defence ministry on Wednesday announced a fresh list of 351 sub-systems and components that will not be allowed to be imported under a staggered timeline beginning December next year.

ED's Rajeshwar Singh to retire; may contest UP polls on BJP ticket

ED's Rajeshwar Singh to retire; may contest UP polls on BJP ticket

Rediff.com20 Aug 2021

A BTech and PhD in police, human rights and social justice, Singh joined the federal anti-money laundering investigations agency in 2009 on deputation from Uttar Pradesh where he was serving as a state police service officer.

10 merchant bankers to manage LIC IPO

10 merchant bankers to manage LIC IPO

Rediff.com8 Sep 2021

The government has appointed 10 merchant bankers including Goldman Sachs (India) Securities, Citigroup Global Markets India, and Nomura Financial Advisory and Securities India to manage the mega initial public offering of country's largest insurer LIC. Other selected bankers include SBI Capital Market, JM Financial, Axis Capital, BofA Securities, JP Morgan India, ICICI Securities, and Kotak Mahindra Capital Co Ltd, a circular on the divestment department website said. "Government has finalised the book running lead managers and some other advisors for the IPO of LIC," DIPAM Secretary Tuhin Kanta Pandey tweeted. The divestment department had invited applications for the appointment of merchant bankers on July 15.

PNB fraud is now pegged at Rs 12,717 crore

PNB fraud is now pegged at Rs 12,717 crore

Rediff.com27 Feb 2018

The jewellers and companies linked to Nirav Modi and Mehul Choksi had allegedly colluded with PNB officers to obtain fake bank guarantees to get loan from overseas branches of Indian banks including Allahabad Bank, Axis Bank and UCO Bank.

China succumbs to pressure, shares Covid situation with WHO

China succumbs to pressure, shares Covid situation with WHO

Rediff.com30 Dec 2022

They agreed to continue technical exchanges to help end the epidemic worldwide as soon as possible, it said.

Ministries get 60 days to decide on FDI plans

Ministries get 60 days to decide on FDI plans

Rediff.com7 Jun 2017

A panel led by the secretaries of the DEA and the DIPP would conduct a quarterly review on the pending proposals.

RBI relaxes some import/forex rules

RBI relaxes some import/forex rules

Rediff.com14 Apr 2014

The Reserve Bank of India (RBI) has liberalised the procedure for facilitating the import of rough diamonds (termed roughs in the trade).

PNB fraud: How bank auditors failed to detect the scam

PNB fraud: How bank auditors failed to detect the scam

Rediff.com20 Feb 2018

The problem here is that internal auditors are good at accounts, but they are not trained to track foreign exchange transactions

Huge cash seized from another flat of Bengal minister's aide

Huge cash seized from another flat of Bengal minister's aide

Rediff.com28 Jul 2022

The Enforcement Directorate (ED) on Wednesday conducted raids in three locations in and around Kolkata and again recovered large stacks of cash from a flat linked to Arpita Mukherjee, considered a close associate of arrested West Bengal Industry Minister Partha Chatterjee.

Rupee closes 26 paise higher at 66.22 against USD

Rupee closes 26 paise higher at 66.22 against USD

Rediff.com1 Sep 2015

The domestic currency has already dropped 44 paise, or 0.67 per cent, in the previous two sessions.

Cost of Trump order on H-1B, L1 visas to US? $100 bn

Cost of Trump order on H-1B, L1 visas to US? $100 bn

Rediff.com23 Oct 2020

President Donald Trump's executive order restricting entry of skilled foreign workers into the US, mainly on H-1B and L1 visas, has resulted in an estimated loss of $100 billion to companies in the US, a top American think-tank claimed. The executive order signed by Trump on June 22, that had temporarily banned issuing fresh H-1B and L-1 visas till December 31, caused a negative impact to the valuation of Fortune 500 firms equivalent to over $100 billion in losses, Brookings Institute said in a report released this week.