Many movie folk hope the star is released without spending time in prison. And it is not entirely because of the money riding on his movies.
Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system, moderating interest rates as well as credit growth apart from addressing stress in the NBFC sector.
The treaty can be invoked in a criminal probe case seeking the transfer of persons, including persons in custody, for the purpose of assisting in investigations or giving evidence
Board of Control for Cricket in India secretary Anurag Thakur, who is also a Lok Sabha MP, has introduced three private member bills including a significant 'National Sports Ethics Commission' bill which recommends '10 years of jail term' for any sportsperson indulging in match-fixing.
The ED has pressed charges under various sections of the Prevention of Money Laundering Act against Mallya and others named in the CBI complaint
The summons was issued to Mallya under provisions of the Prevention of Money Laundering Act in connection with the IDBI case.
CBI sources said the shell companies were allegedly being used by the suspects to divert loan funds meant for specified purposes, creating fake invoices, and 'round-tripping' of funds to evade taxes and generate black money.
The United States o Friday said senior Indian diplomat Devyani Khobragade, who returned to New Delhi, no longer enjoys immunity and she and Indian government were told that an arrest warrant might be issued against her.
The Indian Army's Northern Command would be stretched if all three of the corps under it -- based in Leh, Srinagar, and Nagrota (near Jammu) -- were to face hostilities, notes David Devadas.
Liquor baron Vijay Mallya's passport has been suspended.
The raids resulted in recovery of documents of some dummy firms linked to Mallya like Gold Reef Investments Ltd and McDowell Holdings Ltd.
A growing number of US companies are looking to India's outsourcing firms to cut the cost and time needed to comply with a US corporate governance law that calls for timely and accurate reporting of financial accounts.
The agency's poor track record in convictions is the only light at the end of a rather long tunnel for the couple, observes Shyamal Majumdar.
The Justice RM Lodha Committee on Monday submitted its report suggesting reforms in the Board of Control for Cricket in India (BCCI) to the Supreme Court. The committee, which was last year appointed by the apex court to make recommendations to the BCCI in order to prevent frauds and conflict of interest in cricket administration, recommended sweeping reforms for the controversy-ridden board.
The Supreme Court refused to entertain a plea seeking stay on the Board of Control for Cricket in India elections scheduled to take place on May 22.
Expelled Indian diplomat Devyani Khobragade, in effect, has been barred entry into the United States.
Con men use Pakistani cell phone numbers to make calls to people in India.
RTI activist Anil Galgali had asked SBI about the total amount of loans given to the beleaguered businessman.
'It has also saved the government about $ 9 billion in fraud and wastage because by having that unique number you eliminate fakes and duplicates from your beneficiary and employee list,' Nilekani said at an event on the sidelines of the annual meeting of the International Monetary Fund and the World Bank.
The proclamation was issued by a special anti-money laundering court on June 14 under Section 82 of the Criminal Procedure Code
'Perhaps GST was too complex a system for the Indian economy at its present stage of development,' argues T N Ninan.
As many as 17 locations in Delhi, Mumbai, Hyderabad, Jaipur and Surat were raided by the ED.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
Questioning whether "New India" can be ever run by this "kleptocrat's club", Jaitley said those who have lent support to the West Bengal dharna are those who are battling serious allegations of economic improprieties
The Enforcement Directorate (ED) ED will soon seek an Interpol arrest warrant against liquor baron Vijay Mallya based on a non-bailable warrant issued on Monday by a Mumbai court in a money laundering case.
Rajesh Agarwal, the chartered accountant, was allegedly instrumental in providing accommodation entries to many high-profile people to help launder their funds.
Flower said ICC may have wanted Zimbabwe Cricket to put its house in order but actually the current board members were "good people".
The move takes the process of extraditing and bringing back Nirav Modi to face the law in India to the next stage, the sources said.
As per the existing process of law under the PMLA, the ED could confiscate the assets only after the trial in a case finishes which usually takes many years.
Key points from the independent commission of the World Anti-Doping Agency (WADA) report, released on Wednesday, and from comments made by co-author of the report, Dick Pound at a news conference.
Nation Live editor Anshul Kaushik was arrested on Monday and remanded in 14-day judicial custody.
The 82-year-old former Jammu and Kashmir chief minister received the ED summons a day after the formation of the People's Alliance led by him was announced on October 15.
India has historically not had a strong compliance mechanism around insider trading. This is in stark contrast to developed countries.
A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.
The proposed law seeks bars on storing and processing of personal data by entities without the explicit consent of an individual. It, however, provides for exemptions for "reasonable purposes" such as "prevention and detection of any unlawful activity including fraud, whistle-blowing, merger and acquisitions, network and information security, credit scoring, recovery of debt, processing of publicly available personal data and the operation of search engines".
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
Breaking his silence after a long time, to state the "factual position in response to the controversy unfortunately surrounding" him, Mallya said he had written letters to both the prime minister and the finance minister on April 15, 2016, to explain his side of the story. "No response was received from either of them," he said in a statement.
In a ruling in May, a UK high court judge had refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that the consortium of 13 Indian banks were entitled to recover funds amounting to nearly 1.145 billion pounds.
Corp tax arrears at over Rs 3.11 trillion as of Dec 2014.
If the credit card is not used judiciously, it can cause havoc with one's personal finances, warns Sarbajeet K Sen.
