This will "stop the influx of illegal foreigners" and the state government will be 'very strict" in issuing Aadhaar cards, he said.
The Union home ministry has cancelled the Foreign Contribution Regulation Act (FCRA) registration of the Centre for Policy Research (CPR) for alleged violation of laws, a move the public think-tank termed "incomprehensible and disproportionate" and vowed to seek legal recourse against.
The Securities and Exchange Board of India (Sebi) has permitted 100 per cent contribution from non-resident Indians (NRIs) and overseas citizens of India (OCIs) in the corpus of foreign portfolio investors (FPIs) based out of Gujarat International Finance Tec-City (GIFT City), the country's international financial services centre (IFSC). However, the Indian diaspora is yet to fully embrace this new route. The regulator allowed this route to enhance the fund ecosystem at GIFT City and attract genuine investments from overseas Indians.
Unnecessary victimisation may "reflect in the bilateral relations", the Bombay high court said on Thursday while ordering the authorities to issue exit permit to a Chinese woman who was acquitted in a gold smuggling case yet could not leave India.
Aviation watchdog DGCA has deregistered all the 54 planes leased by Go First, days after a court allowed lessors to take back their aircraft from the bankrupt airline. Bogged down by financial turbulence and engine woes, budget carrier Go First stopped flying in May last year and is undergoing an insolvency resolution process. Foreign lessors that have leased planes to the airline had moved the court to take back the aircraft.
The NBFCs, which filed for ECB in January with the Reserve of India (RBI), include REC (over $500 million), Tata Motors Finance ($200 million), L&T Finance Holdings ($125 million), and Shriram Finance ($750 million), according to the RBI data. A senior executive with State Bank of India (SBI) said overseas borrowing by Indian companies, including highly rated NBFCs, was likely to grow because hedging costs were low and there was a softening bias in global interest rates.
The Supreme Court Monday posed searching questions to the Centre on the COVID-19 vaccine procurement policy and need for mandatory registration on the CoWIN app for people to get vaccinated without keeping in mind the real 'digital India' situation, observing that the policy makers must have an ear to the ground.
The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.
Foreign funding licences of 8,353 NGOs were not renewed by the Union home ministry and the registration of 264 NGOs was suspended in the last five years, the Rajya Sabha was informed on Wednesday.
The Delhi High Court has set aside the Centre's order cancelling the Overseas Citizen of India card of a US-based professor, saying the notice lacked specific details or evidence supporting the allegations of "anti-India activities." The court ruled that the professor was deprived of a fair chance to present a defense, violating procedural fairness and principles of natural justice. The court has directed authorities to issue a fresh notice with specific grounds and allow the professor to respond before making a decision on his entry into India.
'Assess the property in terms of type, size, location and price point, and whether it fits into your budget.' 'If it checks out on these fronts, one may consider the accompanying offers.'
The spike in volatility, amid election uncertainty, has done little to dent the confidence of retail investors, shows demat account addition and equity mutual fund (MF) investment data. In May, investors opened a net 3.6 million demat accounts, taking the total to 158 million. MF data released on Monday pegged the net inflows into equity schemes and SIP investments at new record highs of Rs 34,697 crore and Rs 20,904 crore, respectively.
The registration of foreign brokerage house Dresdner Kleinwort Benson Securities (India) Ltd has been suspended for 18 months for its involvement in manipulating scrip prices along with Ketan Parikh firms.
The Maldives has deported 186 foreigners, including 43 Indians, after accusing them of committing crimes like visa violations and drug offences, according to a media report.
According to the statement, a significant number of foreign nationals are living in India, especially in large metropolitan areas. In these areas, the potential of spread of COVID-19 is high due to higher population density. To counter any possibility of such occurrence, it is important to vaccinate all eligible persons.
The Securities and Exchange Board of India, with an eye on attracting portfolio inflows into India, said on Tuesday it was cutting the registration time and fee for foreign institutional investors.\n\n\n\n
The agencies have also found some common lines and words used in these fake threats like "bombs", "blood will spread everywhere", "explosive devices", "this is not a joke" and "you will all die" and "bomb rakhwa dia hai" (Hindi for bomb has been placed) among others.
A 50-year-old American woman was found tied to a tree with an iron chain in a forest in Maharashtra's Sindhudurg district, and a set of documents, including an Aadhaar card with a Tamil Nadu address, were recovered from her possession, a police official said on Monday.
About 1.2 trillion tax evasion cases have been detected and as many as 59,000 entities identified for verification in order to ascertain whether they are fake.
The United States has said that in-person registration of domestic workers of foreign diplomats would be mandatory, an apparent fallout of the arrest of Indian diplomat Devyani Khobragade over alleged misrepresentation of the salary paid to her maid.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
IndiGo will introduce business class seats in select flights on 12 domestic routes starting from November 14 and also launch a customer loyalty programme, as the 18-year-old airline seeks to expand business and strengthen global presence. The announcements, made at an event in the national capital on Monday to mark 18 years of operations, also highlights a pivotal trajectory for the airline.
The Securities and Exchange Board of India is considering the formulation of norms for registration of hedge funds in the country to provide them an investment window and improve quality of their regulation.
The ministry of home affairs has suspended the Foreign Contribution Regulation Act (FCRA) licence of prominent public think-tank Centre for Policy Research (CPR) over violation of laws, officials said on Thursday.
In a bid to ease compliance towards companies planning public offers (IPOs), the Securities and Exchange Board of India (Sebi) has notified norms that open more avenues to meet the minimum promoters' contribution (MPC). The market regulator has permitted promoter group entities and non-individual shareholders to contribute to the mandated promoters' contribution in the case of a shortfall without being identified as a promoter.
Sebi's new FPI regulation has helped attract new capital pool, up registrations.
A bench headed by Justice AM Khanwilkar was hearing the pleas, including those challenging the orders blacklisting several citizens of 35 countries from travelling to India for 10 years for alleged involvement in Tablighi Jamaat activities.
A bench of Justices Arun Mishra and U U Lalit also cancelled the leases of Amrapali's properties granted by the Noida and Greater Noida authorities and directed the Enforcement Directorate to investigate alleged money laundering by CMD Anil Sharma and other directors and senior officials of the group.
Hitting back, Greenpeace India on Thursday said it will move court against Tamil Nadu government's notice threatening cancellation of its registration and alleged that the "perversely framed and maliciously designed" charges were levelled at the behest of Union home ministry.
All Overseas Citizen of India (OCI) cardholders are required to take a special permission from the central government if they want to be involved in any missionary, 'Tabligh' or journalistic activities in the country.
The government has been in discussions to promote such international financial services centres within India as alternatives to places like Singapore.
The US has received a sufficient number of petitions needed to reach a cap for the much-sought-after H-1B foreign work visas for the fiscal year 2024, a federal agency has announced. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
Rediff.com compiles 5 bits of information released by the government in Parliament on Wednesday in the ongoing Budget session
The FIR against the Indian arm of the global NGO Oxfam was registered based on a complaint from the ministry of home affairs.
National Board of Examinations, Ministry of Health and Family Welfare, Government of India, invites applications for the screening test for Indian nationals with Foreign Medical Qualification for MCI registration.
The Rajya Sabha on Thursday passed a bill to replace a British-era law governing the publishing industry and simplify the process for registration of periodicals with the government.
The rules for the CAA are likely to be issued before the MCC comes into effect, sources privy to the development said.
Here is an explainer on the functioning of the seven-year-old body.
Markets regulator Sebi has simplified the procedural requirements for onboarding of Foreign Portfolio Investors (FPIs) in a bid to facilitate ease of doing business and to reduce the time taken for their registration. The regulator allowed designated depository participants (DDPs) to grant FPI registration on the basis of scanned copies of application forms and supporting documents, according to a circular issued on Monday. Granting of registration on the basis of scanned copies has been allowed but trading can only be activated following the verification of the physical documents, it said.
