The scheme, touted as a panacea to burgeoning CAD, was a huge flop that fostered a spike in smuggling and allowed several Gitanjali-like players to make a killing
Tirumala, the popular hill shrine in Andhra Pradesh, is embroiled in a gold coin scam following the alleged misappropriation of 300 gold coins, worth over Rs 15 lakh.
The Supreme Court of India questioned the Enforcement Directorate (ED) about the continued incarceration of former West Bengal minister Partha Chatterjee, who is accused in a cash-for-job scam. The court expressed concern about the length of his detention and questioned the message it sends to society regarding corruption. The court also considered whether releasing him would impact the investigation and what conditions could be imposed to ensure his compliance. The court reserved its order after hearing arguments from both sides.
He drew the roadmap of India's economic reform, unshackled it from the licence raj and pulled it back from the brink when even its gold reserve was pledged.
During the raids, Rs 53 lakh, $1,900, about 540 grams of gold and bullion and 1.5 kg of gold jewellery were seized, sources in agency said and added that one of the locations searched was a house in south Delhi where Lalu Prasad Yadav's son and Bihar Deputy Chief Minister Tejashwi Yadav was present.
The raid by the ED, which is probing the money trail of the school jobs scam, was conducted late Thursday evening, an official of the agency said.
After the Trinamool's overwhelming majority in the West Bengal assembly elections last year, the SSC scam has given fresh ammunition to the Bharatiya Janata Party and the Communist Party of India-Marxist. Ishita Ayan Dutt reports.
Former education minister of West Bengal Partha Chatterjee and his aide Arpita Mukherjee were sent to 14 days in judicial custody by a special court in Kolkata on Friday in the SSC scam case.
Shah also said Kerala used to be known for development, literacy and for promoting tourism, but "with the ruling LDF and opposition UDF coming to power alternately has resulted in making the state a platform for political violence."
Proving wrong his detractors' claim of being sidelined after denial of chief minister's post for fifth time last year, Bharatiya Janata Party leader Shivraj Singh Chouhan won Madhya Pradesh's Vidisha Lok Sabha seat for the sixth time by a record margin of 8.21 lakh votes.
The freedom of press can not be used to violate a person's 'inherent' right to reputation and investigative journalism does not enjoy any special protection, the Bombay high court has said while asking a journalist to remove online articles and videos targeting a businessman.
Gitanjali Gems and Firestar Diamonds together account for 5.8 per cent of the diamond and jewellery trade in India.
The ED has attached properties worth Rs 4,109 crore spread across various states in a money-laundering case linked to an alleged ponzi scheme, the agency said on Thursday. The case pertains to the Agri Gold Group of Companies. Three promoters of the group were arrested by the central agency on Tuesday.
CBI officials, who questioned former RBI deputy governor H R Khan on Friday, wanted to understand from him why the gold scheme was rushed through without taking into the account the impact and potential misuse.
Reddy, who appeared at the Central Crime Branch office in Bengaluru on Saturday, was arrested after the questioning ended on Sunday morning
India's gold obsession needs a correction.
Not only is gold a hedge against currency depreciation, rising crude prices and uncertainty, it is up 7 per cent (in dollar terms) in the past 12 months, says Devangshu Datta.
According to the agency, several of the attached properties were registered in the name of shell companies and persons acting as proxies for Chatterjee.
The longest-serving Bharatiya Janata Party chief minister and popularly known as mama (maternal uncle) and 'paon-paon wale bhaiya' (foot soldier), Shivraj Singh Chouhan has emerged as the hero of his party's stunning victory in the state assembly elections.
The 69-year-old leader, who is in the custody of the Enforcement Directorate, was taken to ESI hospital at Joka on the southern outskirts of Kolkata for a medical-check up during the day.
Surjewala alleged that Mehta and his family were allowed to leave India even when there were complaints pending against him with the CBI.
Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 per cent to Rs 125 lakh crore.
Amid demands for expulsion of arrested West Bengal minister Partha Chatterjee by Trinamool Congress leaders, the party convened a meeting on Thursday evening.
West Bengal's industry minister Partha Chatterjee, arrested in the SSC scam, should be removed immediately from his post and expelled from the Trinamool Congress, the party's state general secretary Kunal Ghosh demanded on Thursday.
Yoga guru Ramdev on Saturday announced a fresh agitation targeting Congress from October 2 that will last till next Lok Sabha elections with immediate attention on upcoming Assembly elections in Gujarat and Himachal Pradesh.
There is no dearth of political will today to act against corruption and officers should take action against the corrupt, however powerful, without any hesitation, Prime Minister Narendra Modi said on Monday.
Parliament has cleared the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, recently. The objective of the Act is to invite investments from the private sector, including foreign companies, for mining minerals such as lithium and other critical minerals. Other than lithium, some of these minerals were classified as atomic minerals, including beryl and beryllium, niobium, titanium, tantalum and zirconium.
The ED had launched raids on Friday at multiple locations linked to Prasad's family members including that of his son and Bihar Deputy Chief Minister Tejashwi Yadav in Delhi.
Modi said that the JD-S was going to finish a "poor, distant third".
The trailer for the Web series Mumbai Diaries 26/11 was launched at the Gateway Of India.
They expressed joy on Jayalalithaa being acquitted in the Rs 66.66 crore disproportionate assets case by the Karnataka high court on Monday.
For Pinarayi, a victory in Thrikkakara would have come as public endorsement of his development initiatives, including controversial K-Rail project, which has witnessed widespread protest
The Enforcement Directorate (ED) has begun the process of freezing at least five bank accounts of Arpita Mukherjee, the associate of arrested West Bengal minister Partha Chatterjee, where they have found at least Rs 2 crore, a senior official said on Saturday.
The RBI was not party to the decision to demonetize 500 and 1,000-rupee notes, which was taken at the highest level of India's political leadership.
Leading the Opposition attack over the Adani-Hindenburg issue in the Lok Sabha, Rahul Gandhi on Tuesday linked Gautam Adani's meteoric rise to Prime Minister Narendra Modi's coming to power and said "magic" happened after 2014 that propelled the businessman from the 609th to the second spot on the global rich list.
Asian Games double gold medallist Ashwini Akkunji, who failed the dope test, on Wednesday claimed innocence and blamed the vitamin supplements that they consumed on the recommendation of their coach as the source of the anabolic steroids.
Prime Minister Narendra Modi on Tuesday targeted Kerala's ruling Left Democratic Front over the gold smuggling scam, saying the Communist Party of India-Marxist-led government "betrayed" the people of the state just as Judas did to Lord Jesus for a few pieces of silver.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
Sacked Ukrainian coach Yuri Ogrodnik on Tuesday defended himself, saying that he has no role in the doping scandal that has hit Indian athletics.
'One cannot avoid speculating whether there was something else at play that led to the uncovering of this saga.'
