The CBDT is investigating Jane Street for possibly misusing the India-Singapore tax treaty.
The investigation against Bharadwaj (45), former Delhi health minister, is understood to be linked to an Anti-Corruption Branch case into alleged corruption in health infrastructure projects by the previous AAP government.
International Master Atanu Lahiri, a former joint secretary, AICF, in a complaint to the Registrar of Societies, Tamil Nadu has urged the initiation of a probe on alleged mismanagement or misuse of AICF funds and even dissolve the chess body if gross violation of its objectives and obligations were found.
The Supreme Court is considering entrusting the CBI with the investigation into digital arrest cases, citing the magnitude and pan-India spread of such crimes. The court has sought details of FIRs registered in different states and union territories and is monitoring the progress of the investigation.
The cancellation means the Leh-based institute will no longer be able to receive or utilise foreign funding.
The Securities and Exchange Board of India (Sebi) will let Category-I and-II alternative investment funds (AIFs) run a dedicated "co-investment" (CIV) scheme for accredited investors, doing away with an earlier requirement of a separate portfolio-manager licence. The rules notified on Monday are aimed at reducing compliance burden for the AIF managers.
Murders disguised as accidents. In one horrifying case, a man insured his father, mother, and wife -- then allegedly killed them all. He claimed Rs 54 crore in insurance.
Erroneous payments were made to 77,980 women and 12,431 men, many of whom did not qualify for the scheme's benefits.
India will argue for Pakistan's return to the Financial Action Task Force (FATF) grey list due to its alleged failure to combat money laundering and terror financing. The move comes after recent tensions between the two countries following a terror attack in Pahalgam, India. India believes Pakistan has not adequately addressed the issue of terrorism emanating from its territory and has diverted funds from multilateral agencies towards arms purchases.
Ayodhya district administration has imposed a complete ban on unauthorised drone operations across the district following an order by Chief Minister Yogi Adityanath due to potential drone-related threats.
Customs officials in Kerala conducted raids across the state, seizing luxury vehicles illegally imported from Bhutan with forged documents. The operation, dubbed 'Operation Numkhor,' targeted multiple locations and uncovered a network involved in smuggling cars, gold, and drugs.
In what can be construed as a relief to the BCCI, the Sports Ministry has amended the RTI-related provision of the National Sports Governance Bill, placing only those bodies under its ambit which rely on government grants and assistance.
India had vehemently opposed Asian Development Bank's decision to grant $800 million loan to Pakistan saying the fund could be misused for increasing expenditure on its military, government sources said.
Confirming the development, Leader of Opposition in the legislative council Ambadas Danve of the Shiv Sena-Uddhav Balasaheb Thackeray said the boycott is a mark of protest against a "dishonest government".
The committee said the Uttar Pradesh government did not file appeals against the high court's November 8, 2023 order and instead, an impleadment application was filed in the pending plea before the top court.
Sports Minister Mansukh Mandaviya said the Sports Bill is a key reform aimed at building a "transparent, accountable and world-class sports ecosystem" in India.
The National Sports Governance Bill was on Tuesday passed by the Parliament with Rajya Sabha giving its nod a mere 24 hours after Lok Sabha.
The Supreme Court of India has referred the matter of the Right to Education (RTE) Act's applicability to minority schools to a larger bench for adjudication, expressing concerns about potential misuse and fragmentation of the education system.
India has opposed the International Monetary Fund's (IMF) proposal to extend fresh loans of USD 2.3 billion to Pakistan, citing concerns that the funds could be misused for financing state-sponsored cross-border terrorism. India abstained from voting at the IMF meeting, expressing concerns about Pakistan's track record and the possibility of debt financing being misused for terrorism. The IMF took note of India's statements and its abstention from the vote. India's opposition comes at a time when military conflict between India and Pakistan has intensified following a terrorist attack in Kashmir.
The Enforcement Directorate (ED) has alleged that Chaitanya Baghel, son of former Chhattisgarh chief minister Bhupesh Baghel, handled over Rs 1,000 crore worth of proceeds from a liquor scam and used Rs 16.7 crore for his real estate project.
The Indian government has introduced a bill in the Lok Sabha to ban online games played with money, aiming to curb addiction, money laundering, and financial fraud. The bill also targets advertisements and financial transactions related to such games.
The court said there is nothing on record to suggest that since 2023, Purkayastha was ever called to join the investigations.
Salient features of the National Sports Governance Bill that promise to overhaul several aspects of sports governance and the grievance redressal system for athletes and administrators alike in the country.
The issue of aid for Pakistan, including reimbursements under the Coalition Support Funds, came up during a hearing of the Senate panel on the fiscal 2009 Pentagon budget. There are also reports that they're concerned that a lot of the money that we're giving, that's supposed to be going to Waziristan (tribal region), is just simply being used to build up the military strength of the Pakistan military on the border of India," Nebraska Democratic Senator Ben Nelson asked.
India has decided to submit a dossier at the upcoming Financial Action Task Force (FATF) meeting, calling for Pakistan to be placed back on the grey list of the global money laundering and terrorist financing watchdog.
The Supreme Court of India has dismissed a public interest litigation (PIL) seeking to make dowry harassment and maintenance provisions "gender neutral." The court stated that it cannot legislate law and it is the responsibility of Parliament to look into such matters. The PIL, filed by an NGO, argued that these provisions are often misused to harass husbands and their families. The court, however, emphasized that every case must be judged on its own merits, and that the provisions are intended to protect women and children. The court also noted that the allegation of misuse was vague and that such claims should be examined on a case-by-case basis.
Swiss bank UBS has been fined Pounds 8 million in the United Kingdom after four of its senior employees were found misusing funds of customers, including two companies of Indian industrialist Anil Ambani-led group.
Do not sound as if you intend to permanently settle overseas, warns Ritika Gupta, CEO and counsellor at AAera Consultants.
It drew condemnation from the ruling NDA in Bihar which reprimanded the Leader of the Opposition for his choice of words.
HDFC Bank on Sunday said that it will "pursue all lawful remedies" to recover public funds and address the retaliatory actions taken by the Mehta family of the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has filed a complaint against the bank's managing director (MD) & chief executive officer (CEO) Sashidhar Jagdishan alleging financial fraud.
A chargesheet filed by Andhra Pradesh police in connection with the Rs 3,500 crore alleged liquor scam mentions former chief minister YS Jagan Mohan Reddy as one of the recipients of kickbacks. The chargesheet alleges a complex scheme involving shell companies, policy manipulation, and extortion to generate funds that were ultimately routed to Jagan Mohan Reddy.
Speaking to PTI, Environment and Forest Minister Chandra Mohan Patowary said the additional chief secretary of the forest and environment department Ravi Shankar Prasad has been directed to look after the allegation following a reply to a social activist under the Right to Information Act.
India has accused Pakistan of being a "rogue state" fueling global terrorism, following a confession by Pakistan's Defence Minister Khawaja Asif admitting to his country's history of supporting and funding terrorist organisations. India's Deputy Permanent Representative to the UN, Ambassador Yojna Patel, delivered a strong Right of Reply at a UN event, highlighting Asif's admission and condemning Pakistan's actions. Patel asserted that the world can no longer turn a blind eye to Pakistan's role in supporting terrorism.
India registered its protest at the board of IMF, which met on Friday to review the EFF lending programme for Pakistan.
In a pump and dump operation, fraudsters artificially inflate the price of a stock by spreading misleading or false information, creating a frenzy among unsuspecting retail investors.
As per the complaint, cash worth more than Rs 1.5 crore, whose audit for withdrawal and expenditure remained unclear, has been recovered during the probe.
It is time for India to raise its voice not just through military prowess, but through professionalism, principled voting and partnerships, asserts Deepak Mishra.
Mr Trump's actions, because of their extreme nature and the dangerous rhetoric that accompanies them, receive the most attention, points out Mihir S Sharma.
The Congress party in India has accused the government of "impropriety" in the sudden termination of KV Subramanian's position as India's executive director at the IMF, alleging it was linked to the Union Bank of India's purchase of two lakh copies of his book. The party also questioned the government's stance on Pakistan's request for a loan from the IMF.
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