Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts
Fatorda, Belagavi, Jaunpur, Mehsana, Dehradun are on RG's itinerary.
When you talk about finances, you need to have a goal to invest.
The CBI action comes after the second in command in the CBI, wrote to Cabinet Secretary alleging that the businessman had paid CBI Director Alok Verma Rs 2 crore to get relief in the case.
He is talking, making sense, and India is listening. Rahul Gandhi needs to listen to him, too, says Shekhar Gupta.
The Enforcement Directorate on Wednesday continued raids for the seventh day as it visited 17 locations across the country, including four shell companies in Mumbai, even as the Income Tax department attached assets worth Rs 145 crore in the alleged Rs 11,400-crore Punjab National Bank fraud.
After taking over on Tuesday night, Rao overhauled the team probing allegations of corruption against Asthana, bringing in completely new faces, officials said.
'The entire system acted as cheerleaders to Vijay Mallya. The RBI failed, the banks failed, the auditors of the banks and Mallya failed.'
Offenders will be tried under Prevention of Money Laundering Act
The results, while bringing the Congress back to power in this state, also end the rule of the 66-year-old BJP stalwart, who has earned several monikers during his 15-year-long tenure -- Doctor saheb being a trained Ayurvedic medical practitioner, chaur wale baba for his popular rice scheme and the 'Mobile Wale Baba' for giving free smartphones to 50 lakh women and students.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
The Congress president alleged that the Bharatiya Janata Party deceived people and siphoned off hard-earned money of farmers, poor, small businessmen to fill the pockets of the country's 15-20 big industrialists.
The Rajasthan government had, in January 2015, cancelled the mutations (transfer of land) of 374.44 hectares of land, after the land department claimed to have found that the allotments were made in the names of "illegal private persons".
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
'You had earlier sent a Prime Minister from Assam (referring to Manmohan Singh) whom people do not even remember now'
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
Currently, most crowdfunding platforms neither operate with proper authorisation nor are governed under any law.
Reserve Bank of India Deputy Governor Viral Acharya is the eighth economist to quit since the Modi government took office.
Despite high exposure of public sector banks to power, iron and steel sectors, analysts remain in a wait-and-watch mode.
One incident should not be used to generalise the health of all cooperative banks, says RBI governor Shaktikanta Das.
'Some co-operative banks are dominated by politicians and were reportedly being used to launder Rs 500 and Rs 1,000 notes.'
Modi said that these problems are 'deep-rooted' and must be addressed collectively for which he is open to suggestions.
Aavas is turning heads in the country's mortgage financing space because it selected to do business in a different way, says Mudar Patherya.
'The failures of private businessmen have set back the process of market-oriented reform, though that is the only way forward,' argues T N Ninan.
India's gold obsession needs a correction.
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
"When you tell one lie, you need to keep spinning out more lies, to cover up the first one. In her eagerness to defend the PM's Rafale lie, the RM lied to Parliament," Gandhi tweeted.
'Why are FMPs used as a vehicle for promoter funding against listed shares?' asks Debashis Basu.
'In many parts of the country, the empty nest-and-empty-nest egg story is a painful boom-to-bust saga.' 'Among the old and young, it is hitting pockets hard, in a linked chain of debt-laden banks, corrupt politicians and builder mafias and disastrous government policies,' says Sunil Sethi.
'Most of the agitations are staged by the Opposition to disturb the peace of the state.'
What kind of chowkidari is Narendra Modi doing, asks Rahul.
Modi along with Assam Governor Jagdish Mukhi and Chief Minister Sarbananda Sonowal also walked a few metres on the bridge.
Asked about the selection of chief ministers in Rajasthan, Madhya Pradesh and Chhattisgarh, he said there will not be any issue and it will be done smoothly.
The issue of lynchings resonated in the Rajya Sabha; while in the Lok Sabha, the Opposition accused the government of not being sensitive towards farmers' issues.
Jignesh Shah, the promoter of National Spot Exchange Ltd (NSEL), and its former CEO Anjani Sinha on Friday traded charges in connection with the multi-crore payment crisis at the crippled bourse which has affected over 13,000 investors.
'These are only passing clouds. The banking industry is a century-old industry and this is not the first time it is going through such a crisis.' 'When the economy revives, those companies that are in the infrastructure fields will also get revived.' 'After all, a lot of money has gone into creating assets like power projects and roads, so you can't say money has been wasted.'
Later, Kejriwal says there is tremendous pressure on police to register fake cases against AAP leaders.
Former telecom minister A Raja, Dravida Munnetra Kazhagam MP Kanimozhi and 17 others were on Friday chargesheeted by the Enforcement Directorate in a special court in connection with a money-laundering case relating to the 2G spectrum allocation scam in which the party-run Kalaignar TV was allegedly paid Rs 200 crore by the promoters of Swan Telecom.
The Reserve Bank of India's ongoing inspection of the book of accounts of Syndicate Bank is unconnected with last week's arrest of S K Jain, its chairman and managing director.
After the Bihar setback, these are the issues the PM must address to maintain the people's faith in him.
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