Led by a new generation of entrepreneurs, India's family offices are shifting from traditional investments in physical and tangible assets like real estate to investing in technology, healthcare, and retail stocks. This new wave of family offices is engaging in stock market investments, including pre-IPO placements and secondary market operations. "Born into a world of technology, the next generation, especially those born after 2000, view technology as equally crucial as finance for running a business.
The Rohingyas, who fled to India after violence in the western Rakhine State of Myanmar, have settled in Jammu, Hyderabad, Haryana, Uttar Pradesh, Delhi-NCR and Rajasthan.
With farm Acts out of the picture, the government may look at reforming the input side of the agriculture sector - regulations and rules that govern seeds, fertilisers and plant chemicals. Sources said such a blueprint, which is aimed at making the life of farmers easier, with quicker approvals but not compromising on quality, is in the works as part of the 100-day agenda of Modi 3.0. Also, ways to administer fertiliser subsidy more effectively and cutting down on leakages and diversions to build on the success of neem-coated urea are being thought of.
Official said a CBI inquiry has been recommended against Aman Biradari for violation of various provisions of the Foreign Contribution (Regulation) Act.
Delayed by more than four years, rules for the CAA are a must for its implementation.
The regulatory gap between crypto firms registered with the Financial Intelligence Unit-India (FIU-India) and unregistered offshore entities is expected to narrow, industry players said, after global crypto players Binance and KuCoin received approvals to register with India's anti-money laundering unit.
Expected cut in withholding tax for debt investments.
The Commission has desired to incorporate Aadhaar-based fingerprint authentication (else digital fingerprint capturing) and facial recognition of candidates, scanning of QR Code of e-admit cards and monitoring through live AI-based CCTV video surveillance, it said.
About 281 cases have been taken up for investigation by the Directorate of Enforcement regarding suspected violations of foreign direct investment (FDI) norms all over the country during April 2019 to March this year, Parliament was informed on Wednesday. Necessary action as per provisions of Foreign Exchange Management Act, 1999 (FEMA) has been taken, which includes issuance of show cause notices, adjudication and imposition of penalty, Minister of State for Commerce and Industry Som Parkash said in a written reply to the Lok Sabha. In these cases, following the due process of adjudication, penalties of more than Rs 2,600 crore have been imposed under the FEMA, he said, adding the Reserve Bank of India (RBI) has done compounding of contraventions of FDI related FEMA provisions in total of 1,421 cases across the country during the last three years.
The order said the NGO has transferred an amount of Rs 2.46 lakh from its foreign contribution designated account to Sabrang Trust domestic account, thus mixing of domestic and foreign funds and violating the rules.
The fresh round of cancellation process of the 4,470 NGOs started on May 6.
Foreign portfolio investors (FPIs) from Mauritius may face higher scrutiny after the amendment in the India-Mauritius tax treaty introduced a principle purpose test (PPT) to prevent treaty abuse by taxpayers. The Mauritius government had in February decided to amend the double taxation avoidance agreement (DTAA) with India to align with the Organisation for Economic Co-operation and Development's proposal on base erosion and profit shifting. Although the agreement between India and Mauritius was signed on March 7, the protocol of the amendment was made public for the first time on Wednesday, said legal experts.
The Softbank-backed company has set a price band of Rs 72 to Rs 76 per share for the maiden share sale and is expected to test the appetite for new-age loss-making companies.
With the CAA rules being issued, the Modi government will now start granting Indian nationality to persecuted non-Muslim migrants -- Hindus, Sikhs, Jains, Buddhists, Parsis and Christians -- from the three countries.
The EU mission noted that political and campaign fundraising and financial expenditure lack transparency and effective oversight.
Sebi also allowed foreign investors to own up to 15 per cent stake in domestic stock and commodity exchanges
Nalini Sriharan, convicted in the Rajiv Gandhi assassination case and released from prison last year, on Thursday approached the Madras high court seeking to direct authorities concerned to release her husband from a special camp in Tiruchirapalli, to enable him to live with her in Chennai.
The effort is to make the PM's interaction with the diaspora at Abu Dhabi's Sheikh Zayed Sports city stadium on February 13 the largest he has addressed.
The behaviour of the foreign institutional investors is gauged from the numbers put out by the exchanges and regulators.
Declaring a man Indian citizen, the tribunal in Karimganj district held that though National Identity Cards are yet to be issued, 'but there is no doubt that this NRC Assam published in 2019 is nothing but Final NRC'.
The new system would be especially beneficial for Qualified Foreign Investors.
The new regulations leave registration capital requirements for wholly foreign-owned banks unchanged
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
No one can capture an inch of Indian land till the Narendra Modi government is in power, Home Minister Amit Shah said Tuesday and claimed the actual reason behind the Congress disrupting Lok Sabha proceedings was not the clash between Indian and Chinese soldiers but a question on the cancellation of Foreign Contribution (Regulation) Act (FCRA) registration of the Rajiv Gandhi Foundation.
The bench said what is worrying the court is the complexity of trial as there are over 250 witnesses in the case and the co-accused government officials have been granted bail for want of sanction for prosecution.
The Central Bureau of Investigation has named 10 non-government organisations, including the US-based Omidyar, as accused in the case of allegedly conspiring to illegally facilitate the registration and renewal of Foreign Contribution (Regulation) Act licences.
The IAS officer was later taken into custody under the provisions of the Prevention of Money Laundering Act and is expected to be produced before a magistrate seeking his remand, the sources said.
Funding challenges are not limited to just one think tank. Several scholars say that access for conducting research and getting foreign funds has become a major hurdle for think tanks, with the government raising many questions regarding such inflows. As a result, many think tanks are keeping a low profile and becoming less prolific.
Indian civil aviation norms don't apply to foreign aviation companies, experts said.
Madhubala Mandal, a widow, returned home to her hearing impaired daughter on Wednesday evening, shortly after being freed from a camp for illegal immigrants in Kokrajhar.
However, organisations such as the Missionaries of Charity will not be eligible for the extension benefits as their applications for a renewal of the FCRA registration have already been rejected, according to a notice issued by the ministry of home affairs.
The US has received sufficient number of applications needed to reach the Congressionally mandated 65,000 H1-B visa cap for the fiscal year 2023, the country's federal agency for immigration services said on Tuesday. 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 thousands of employees each year from countries like India and China.
The bench told the Centre that if visas of these foreign nationals are cancelled then the government should explain why they are still here in India but if their visas are not cancelled then it's a different situation.
A foreign national has been arrested by Pakistani security agencies in connection with the car bomb blast outside the house of the 2008 Mumbai terror attack mastermind and chief of the banned Jamat-ud-Dawa (JuD) Hafiz Saeed in Lahore, according to media reports.
The 20th India Economic Summit, the annual event organised by the World Economic Forum and Confederation of Indian Industry, will see a large turnout of foreign investors and delegates this year.
According to the committee, single overseas investments of more than 10 per cent in a company should be considered as Foreign Direct Investment while those less than 10 per cent should be classified as foreign portfolio investment.
rediffGURU Sushil Sukhwani underlines the factors you need to consider before you make the decision to study outside India.
These entities did not apply for renewal of their FCRA licence. In addition, the Union home ministry also rejected renewal applications of 179 organisations, officials said.
