The Central Economic Intelligence Bureau, lead agency under Finance Ministry to gather and disseminate intelligence related to financial crimes, has traced illegal flow of money through Private Placement Programme, which involves offering of securities to select individuals or groups, upto 50 in numbers, official sources said.
There is no duplication in simultaneous investigations being done by CBI and Enforcement Directorate into the multi-crore Satyam Computer scam, Corporate Affairs Minister Salman Khurshid said on Thursday.
The Pakistan Supreme Court on Thursday ordered action against former prime minister Raja Parvez Ashraf and several others in the multi-billion rupee development funds case.
He took up the causes of tribals marginalised after their lands has been taken over for dams, mines and townships, often without their consent.
Jaitley said the cap on cash transactions is being reduced to curb generation of black money and the move to introduce electoral bonds is for cleansing the political funding
In an unprecedented move for the first time, President Pratibha Patil came to the aid of a whistleblower officer of the Haryana government, ordering it to drop a chargesheet filed against him.
The problem is with the broking model and what brokers are allowed to do, notes Debashis Basu.
To clear doubts over EVMs, Chief Election Commissioner Nasim Zaidi will soon call all-party meet.
Taking matters to the streets, several devotees of Sathya Sai Baba held protests in Puttaparthi on Saturday over the alleged misuse of funds by members of the Shri Sathya Sai Central Trust. The protest took place in the wake of the police filing cases after Rs 35.5 lakh in cash was nabbed while being transported illegally from Baba's residence Yajur Mandi. The devotees who took to the streets stated that they have no faith in the trust any longer.
What will be its impact on the banks's balance sheets? Since banks need to provide for 10 per cent of the loans restructured, they would need Rs 50,000 crores to Rs 80,000 crore for this purpose, notes Tamal Bandyopadhyay.
Senior counsel, Diwedi submitted that technology is advancing and we have limitations of understanding the technological developments.
There are several conditions that banks look at before giving out credit cards. Here's what you must know before applying for a credit card.
'If Pinarayi Vijayan gets another term, Kerala will be a state where everybody has a house.'
Irani said urgent steps are needed to ensure that such "mockery of justice" does not take place anymore.
'Singh is complaining that politicians are summoning Waze after bypassing him.' 'But Singh is himself undermining the hierarchy within his force by interacting directly with Waze.'
When the gain or loss in a portfolio is expressed as a percentage of the invested capital, it is known as the absolute return.
The Defence Ministry on Saturday said it would probe allegations of the Army spending Rs 1.17 crore on golf carts from special funds. Referring to the Comptroller and Auditor General slamming chiefs of the Army's Northern and Western Commands for alleged misuse of special financial powers during April 2002 and August 2007, Minister of State for Defence M M Pallam Raju said that "irregularities, if any, will be addressed."
They said Rajeev Shamsher Bahadur Saxena wanted in the Rs 3,600 crore AgustaWestland VVIP choppers money laundering case and lobbyist Deepak Talwar wanted by the Enforcement Directorate and the Central Bureau of Investigation in a case of misusing over Rs 90 crore taken through the foreign funding route, were brought in a special plane to Delhi around 1:30 am.
Rajiv Saxena, an accused in AgustaWestland chopper deal scam, was extradited from Dubai, UAE, to India .
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.
Justice M S Sonak in an interim order on Monday restrained the Charity Commissioner from attaching the assets and accounts of the NGO. The HC also ordered defreezing of the domestic and non-FCRA bank accounts of the NGO.
Ahead of the second phase of polls in the state, Banerjee's letter, which was released by the Trinamool Congress on Wednesday, seeks to drum up support from opposition leaders by stating how non-BJP states have suffered due to the saffron party led Centre's actions.
Supporters of a Hindu rights group, which spearheaded mass protests demanding better treatment for ethnic Indians in Malaysia, are being investigated for allegedly misusing several hundred thousand dollars in donation funds, the police said.
The governor says the proceeds from the event will be used to help famine victims, but various organisations say it is misuse of constitutional authority and reeks of communal politics.
Most companies do not provide correct and complete information to the Registrar of Companies (ROC) and Sebi.
Under the watchful eyes of five wise men, who know the industry well, banks will not find it easy to hoodwink the system, says Tamal Bandyopadhyay.
A bank customer has approached the Ombudsman with a complaint about withdrawal of funds through unauthorised use of his card. The complainant said that he had asked for a debit card and the bank responded by issuing a card with zero liability.
Capital markets regulator Sebi on Tuesday asked listed companies to work towards splitting the roles of chairman and managing director before the April 2022 deadline, as the new directive is not aimed at weakening the position of promoters. Listed entities were initially required to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards. However, based on industry representations, an additional time period of two years was given for compliance. The regulation will now be applicable to the top 500 listed entities by market capitalisation, with effect from April 1, 2022.
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
In India 24-carat gold is used mostly in coins and bars
The whistleblower, claiming to be an employee working in the finance department, said he was submitting a 'whistleblower complaint' unanimously as the matter stated was 'volatile' and that he feared retaliation on disclosing the identity.
While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
Declining urgent hearing, the top court observed that judges have more cases 'than they can handle'.
It will not be feasible to shift IPL matches out of Pune, the BCCI told the Bombay High Court on Wednesday, while stating that franchises of Mumbai and Pune teams are willing to contribute Rs five crore towards the Chief Minister's drought relief fund. The BCCI spelt out its stand before a bench of Justices V M Kanade and M S Karnik, hearing a PIL by NGO Loksatta Movement challenging use of large quantities of water in stadiums at a time when the state was reeling under severe drought conditions. BCCI's counsel Rafiq Dada also told the high court that the cricket board is ready to supply over 60 lakh litres of non-potable water to drought-hit areas in Maharashtra free of cost. He said the water will be supplied in support with Royal Western India Turf Club (RWITC), Mumbai Cricket Association and Maharashtra Cricket Association. "It would not be feasible to shift matches out of Pune as it will disturb the Pune team's brand value and economic balance," he said. The franchises of Mumbai Indians and Rising Pune Supergiants are willing to contribute Rs five crore to the CM's drought relief fund, Dada said.
Deane De Menezes hopes to reduce the awkwardness and stigma around menstruation.
According to the ministry's statement, Tomar thanked the BKU (Kisan) leaders for coming out in support of the Farm Acts and said these laws have been welcomed in various states across the country.
The recent draft report of the Comptroller and Auditor General (CAG) which pointed to misuse and non-utilisation of funds for the National Rural Employment Guarantee (NREG) scheme doesn't mean the programme is a write-off. The audit will act as a deterrent and spur state governments to work more efficiently, Rural Development Minister Raghuvansh Prasad Singh has said.
The Samajwadi Party chief is accused of misusing the Chief Minister's Discretionary Fund during his tenure in the nineties.
"This august forum witnessed a new low on its 75th anniversary. The leader of Pakistan today called for those who incite hate and violence to be outlawed. But as he went on, we were left wondering, was he referring to himself?" First Secretary in the Permanent Mission of India to the UN Mijito Vinito said, making India's Right of Reply.
