The reduction in goods & services tax (GST) on individual life and health insurance premiums has been called a "landmark step" for making insurance affordable and inclusive. In a panel discussion at the Business Standard BFSI Insight Summit 2025, Anup Bagchi, managing director (MD) & chief executive officer (CEO) of ICICI Prudential Life Insurance; Mahesh Balasubramanian, MD & CEO of Kotak Life Insurance; Tarun Chugh, MD & CEO of Bajaj Life Insurance; and Ratnakar Patnaik, MD of Life Insurance Corporation of India (LIC), listed what else the industry needs to reach more people.
A grocery store owner in Bulandshahr alleges his PAN card was misused to set up six companies in Delhi after receiving an Income Tax notice for sales exceeding Rs 141 crore.
Karnataka Minister Priyank Kharge alleges that Form 7 was misused under the previous BJP government to delete voters 'en masse' ahead of the May 2023 Assembly polls. He claims a large-scale voter deletion attempt was made in the Aland constituency, targeting Congress supporters, especially Dalit and minority voters.
Lawful possession means having both actual control over a property and a valid legal right to keep it, usually based on a registered sale deed, lease agreement, or lawful allotment.
PNB issued a formal appointment letter to Belgium-based consultancy firm BDO
A phone number and e-mail are often enough for a fraudster to trick a lender into pulling your report and disbursing a loan.
Most of the legal cases in the UK are switching to videolink and telephonic options where possible, with all new jury trials suspended amid the social distancing rules in place to combat the COVID-19 pandemic.
Following the arrest of fugitive businessman Mehul Choksi by Belgian authorities on Saturday, Vaibhav Khuraniya, one of the complainants in a fraud case against Choksi, said that it may not be easy to bring him back to India due to legal complexities involved in extradition.
The Lucknow police have uncovered a cheating racket that mimicked the style of exam fraud seen in the first Munnabhai film, where real candidates were replaced by professional impersonators to sit for competitive exams.
A human trafficking racket spanning multiple states has been busted with the arrest of three persons in connection with the sale of a young girl from Meghalaya and her forced marriage in Rajasthan. Several other young women from the Northeast are believed to have met the same fate.
"We did not know that a CBI inquiry was requested on our behalf regarding the Karur tragedy. It has been nine years since my husband Panneerselvam, who had signed the petition, abandoned us," says Sharmila, mother of the 9-year-old boy who had lost his life in the stampede during a political rally addressed by actor-politician Vijay.
Lata Ramgobin, who is the daughter of noted rights activists Ela Gandhi and late Mewa Ramgobind, was also refused leave to appeal both the conviction and the sentence by the Durban Specialised Commercial Crime Court.
Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models.
Avoid donating without checking the receipt proforma showing the political party's ECI registration number and PAN.
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".
The fraud is alleged to have caused a Rs 65 crore loss to the Brihanmumbai Municipal Corporation (BMC).
Argentine footballer Lionel Messi, star player for Spanish soccer club Barcelona, and his father Jorge have been charged with tax fraud by a Spanish judge, media reports said on Thursday.
Disgraced American businessman Allen Stanford, who bankrolled a $20 million Twenty20 match between England and West Indies before being convicted of defrauding investors, has been sentenced to 110 years in prison.
An employee of the Prime Minister's Office has been arrested in connection with a case of alleged embezzlement.
Chauncey Billups, an NBA Hall of Fame player and head coach of the Portland Trail Blazers, and Terry Rozier, a guard with the Miami Heat, were among more than 30 people charged on Thursday.
The Supreme Court has ordered a CBI probe into the Karur stampede, prompting varied reactions from political parties. DMK claims misrepresentation in the petition, while AIADMK sees the decision as a setback for DMK. Other parties express their views on the investigation and its implications.
Barcelona have paid 13.5 million euros to the Spanish authorities after they were charged last week with tax fraud in the signing of Brazil forward Neymar, the club said on Monday.
India is working closely with Belgium to extradite fugitive diamantaire Mehul Choksi, who was arrested in Antwerp on Saturday based on a formal request from the Indian government. Choksi is wanted by Indian probe agencies in connection with a Rs 13,500-crore bank loan fraud case involving the Punjab National Bank (PNB). His nephew, Nirav Modi, is also facing extradition proceedings in the UK.
Khedkar is accused of misrepresenting information in her application for the UPSC Civil Services Examination, 2022, to get reservation benefits.
In August, the ED had raided the residential premises of former Ranbaxy CEO Malvinder Mohan Singh and his brother Shivinder Singh in connection with a money laundering case.
The prosecution has alleged that the victim, also an actor, was induced into a relationship by Khan.
More punitive action was needed against the company and the management, say experts
An Enforcement Directorate team undertaking searches in a cyber fraud linked money laundering case was allegedly attacked in New Delhi on Thursday, officials said.
The Supreme Court has requested the Election Commission to respond to petitions challenging the Special Intensive Revision of electoral rolls in Tamil Nadu and West Bengal. The court has also asked the Madras and Calcutta High Courts to keep proceedings on similar petitions in abeyance.
An NRI doctor couple has been convicted of conspiring to commit health care fraud over a 10-year-period in Texas and will give up millions in assets.
Former Pakistan Test batsman Ijaz Ahmed has been released on bail after spending nearly seven weeks in detention on fraud charges, his lawyer said on Tuesday. Kashif Javed told Reuters the Lahore high court had allowed Ijaz to be released on bail due to health problems. He had been denied bail three times by lower courts but spent most of the time while detained in hospital complaining of severe asthma.
A Belgian court has declined the bail plea of Mehul Choksi, a key accused in the Rs 13,500 crore Punjab National Bank (PNB) loan fraud case.
'Everyone involved in this transaction must be punished and penalised.'
The CBI has filed an FIR against Amrapali Leisure Valley Developers Pvt Ltd, its director Anil Sharma and others for allegedly cheating Bank of Maharashtra and Andhra Bank of over Rs 230 crore, officials said on Friday. The banks had sanctioned credit facilities to develop a housing building at the Tech Zone IV in Uttar Pradesh's Greater Noida on a plot measuring 1.06 lakh square metre, the FIR alleged. The company failed to maintain financial discipline following which the account was declared a non-performing asset on March 31, 2017, the complaint from Bank of Maharashtra, now part of the FIR, has alleged, adding that "it has resulted in the loss of over Rs 230.97 crore". Following the FIR, the CBI Thursday conducted searches at four locations in Delhi, Noida and Ghaziabad, they said.
A team from Britain's Crown Prosecution Service (CPS) recently visited Tihar Jail to assess prison conditions for the extradition of high-profile economic offenders such as Nirav Modi and Vijay Mallya.
The Indian government has provided assurances to Belgian authorities regarding the prison conditions awaiting Mehul Choksi if he is extradited. The details focus on meeting European standards for humane treatment and addressing concerns about overcrowding and solitary confinement.
The significant observation was made by a vacation bench comprising Justices Arijit Pasayat and D K Jain.
Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, a highest of 6,811 cases were reported by the ICICI Bank.
A probe into the fraud had revealed that the main accused, Shiv Raj Puri, then a Citibank relationship manager at its Gurgaon Branch, was offering to its clients fabricated investment schemes with guaranteed high returns and received signatures on blank fund transfer forms.
