Move can also bring a huge change in the way business is done in India, where firms use multiple current accounts, often for even individual projects, making them difficult to monitor.
Al Jazeera quoted the Israeli Prime Minister as saying, 'These recommendations were determined and leaked even before the investigations began.'
Violation of provisions of Sebi Act, Securities Contracts regulation, Prohibition of Fraudulent Trade (PFTUP) norms were not observed in respect of these 114 entities.
He said trust and confidence were the backbone of any financial system and one should never underestimate the power of ethics and values.
The court said that the existing regulations were not sufficient to regulate the NGOs across the country.
So why do we need to analyse inflows under FCRA? Because of the sheer magnitude of inflows. Reported inflows into India were $2 billion in 2007-08 and app $2.5 billion in 2006-07.
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Accusing the Centre of "misusing" intelligence agencies and armed forces for political dividend, the Bharatiya Janata Party on Saturday said former army chief General V K Singh was being falsely accused of allegedly attempting to destabilise the Jammu and Kashmir government.
Many claim they fear witch hunts for disagreeing with those in power.
The Indian IT companies, which account for a large number of H-1B applications, are likely to face the additional financial burden because of this proposed increase in H-1B filing fees.
She wrote this in reply to an article about the proceedings of Bombay high court during the hearing of the stay order plea by the actor's lawyer against the demolition drive of Brihanmumbai Municipal Corporation at her property.
Speaking on the issue, political commentator and the author of 'Sonia A Biography', Rasheed Kidwai tells Rediff.com's Priyanka that the accusations don't reflect state craft and whether government funds were misused.
Sebi has asked exchanges to appoint independent auditors to conduct forensic audit of these firms for verification, including their credentials/financials.
Critics say the crackdown is to muzzle dissent and Rijiju's actions could lead to less foreign aid for projects that fight child marriage, provide clean water in slums and feed pregnant women.
Senior BJP leader Vijender Gupta and city Police Commissioner have been asked by the Delhi high court to respond to a state government's plea against last week's order to lodge the FIR against Chief Minister Sheila Dikshit for alleged misuse of government funds in 2008.
Senior BCCI official Ratnakar Shetty, who was on Tuesday banned for five years by the Mumbai Cricket Association, slammed the decision saying it is a personal vendetta and vowed to challenge it legally.
The SC has stayed the arrest of social activist Teesta Setalvad and her husband till Friday.
Delhi police on Saturday told a court that prima facie "no cognizable offence" is made out against Chief Minister Sheila Dikshit in a complaint alleging misuse of Rs 22.56 crore in government funds for an advertisement campaign before the 2008 assembly polls.
Here is a quick guide to the course of action a credit card holder should take, to prevent/minimise misuse or losses
'Fixing accountability in the Congress must be addressed on a war footing.' 'It is impossible for Sonia Gandhi to know each and every party worker, so she has to rely on advisors.' 'If they guide or misguide, the blame should go to them.'
Kishore Biyani-led Future Retail Ltd (FRL) on Monday said it is "reviewing" the Delhi high court order that has rejected its plea to restrain Amazon from writing to regulatory authorities about the SIAC arbitral order against its asset sale under a Rs 24,713 crore deal with Reliance. FRL, in a regulatory filing, said it would submit a brief summary after consultation with legal advisors.
Third parties can be used to launder the proceeds of fraud schemes by criminals who gain illegal access to deposit accounts by recruiting them as 'money mules'
Supporting his senior colleague, Minister of State in Prime Minister's Offic V Narayanasamy on Wednesday said no action can be taken against Law Minister Salman Khurshid on the basis of allegations of misuse of funds by an NGO headed by him. Noting that the Uttar Pradesh government is conducting an inquiry into allegations against the Zakir Hussain Memorial Trust run by Khurshid and his wife, Narayanasamy said action will be taken on the basis of its report.
Enhanced scrutiny, modified auditors' report and new return form part of exercise to curb misuse of tax exemption.
The special NIA judge charged him with being a member of a terror group, raising funds for them as well as aiding an outfit.
In a bid to rebuild the image of her Labor party, Australian Prime Minister Julia Gillard on Sunday asked her two scandal-tainted Members of Parliament, including the speaker of the Parliament, to quit the party.
Amid concern over some NGOs misusing foreign aid, the United States is preparing an online searchable database containing a vetted list of transparent and accountable Indian non-government bodies so that philanthropists can safely donate funds to them.
Sources said that the capital markets regulator Securities and Exchange Board of India has come across quite a few cases where GDR route could have been used for round-tripping of funds in the name of capital-raising activities of listed companies from abroad.
Opposition leaders have questioned the alleged misuse of public funds in organising the second global meet on Bihar. They have claimed that the event is merely an "image building" exercise for Chief Minister Nitish Kumar. The much-hyped meet -- which began on Friday and involves nearly 1,000 participants including NRIs -- aims to discuss ways to accelerate the momentum of high growth and development strategies for Bihar.
A bench headed by Chief Justice Ranjan Gogoi allowed his plea as Solicitor General Tushar Mehta, appearing for CBI and the Enforcement Directorate, did not oppose.
The Gujarat government, which sought a probe into the role of activist Teesta Setalvad's NGO, is now targeting her main funding source, the US-based NGO, Ford Foundation.
The United Progressive Alliance government has decided to make its intelligence agencies accountable to Parliament for scrutiny in the wake of several goof-ups, failures and misuse of the unlimited funds placed at their disposal.
As the government faces heat over corruption and black money, it is planning to bring a law to prevent the misuse of benami transactions, a key source of illicit funds.
It is intriguing that the CBI has shown little interest in the most scandalous and biggest collective investment scheme ever, from the Sahara group, asserts Debashis Basu.
Where Ms Chawla seems to have erred is that she has not been able to build the desired credibility required to champion the cause she took to court.
'The NIA has shared with states concerned a list of 125 suspected activists who have close links with the JMB leadership'
Forum directs firm to refund Rs 5,82,000, paid by Bhushan for a plot of land
'Polar vortex', 'skill set', 'foodie' and 'hack' among the other words that English language could do without in 2015 according to one list.
Shah said not a single person will lose citizenship as a result of the Citizenship Amendment Act.
Kapil Mishra also dared the Delhi CM to an electoral fight.
The Samajwadi Party on Monday said it would provide free electricity to weavers and farmers and waive loans of kisans if it was voted to power in the Uttar Pradesh assembly election.
