Banks, through the Indian Banks' Association, have urged RBI and credit information companies to maintain a database of wilful defaulters.
The modus operandi highlighted by CBI says that while the corporate strikes a deal for imports with a company in one country, the billing is done at inflated prices in other country by the group's front company.
Risks are increasing with 55 times increase in such transactions over the past three years, says a Assocham-PwC report
The academic prize is sponsored by the Deutsche Bank Donation Fund and carries an endowment of euro 50,000.
Taking serious note of the rampant corruption in the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act in Uttar Pradesh, the Lucknow bench of Allahabad high court on Friday ordered a Central Bureau of Investogation probe into the alleged large scale financial bungling brought to its notice through a public interest litigation, moved by local journalist Sachchidanand Gupta .
Narendra Modi's success at the BRICS summit is the best Diwali gift for India's diplomacy and marks her ascendancy to global leadership, says Tarun Vijay.
The apex court asked Venugopal to file an affidavit indicating steps taken so far in the matter.
Such platforms are good for novices, and help seasoned players test their investment strategies
The new norms also seek to ensure that sufficient safeguards are put in place to avoid any misuse of its new powers and the required privacy of individuals is granted while conducting search and seizure operations.
GST compensation law allows for imposition of cess on certain luxury goods like tobacco, high-end cars and aereated drinks to create a corpus for compensating states for any loss of revenue in the first five years
"Features of the Bill are anti-people and anti-Constitution...it is a very dangerous act," the fiery TMC MP said.
'I am not a friend of anyone who wants to defend, justify and glorify any businessman, power drunk person or religious fanatics, fake activists, apologists of terrorists, appeasers of some, oppressors of others, pretending to be political leaders,' says Amit Mehra.
Licence of NGO run by Indira Jaising--'Lawyers' Collective'--was suspended by the government for 6 months.
Market regulator is trying to build a large team of software experts for efficient monitoring and surveillance
The Supreme Court on Wednesday issued a slew of guidelines on regulation of public advertisements.
The CBI has shared its findings with the Enforcement Directorate.
Total scam in collusion with middlemen is estimated at over Rs 700 crore. Probe is on in 10 more cases.
Sebi found a typical pattern in trading of shares of these companies.
Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project
Under the scheme coming into effect from April 1, 2018, a donor could purchase bonds from authorised banks against cheques or digital payments. These would be redeemed only in the designated account of a registered political party.
'The number of STRs received in 2016-17 is 4,73,006 which is more than four times as compared to 2015-16 and this increase is attributed to demonetisaton exercise...,' the Financial Intelligence Unit's report has said.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
Congress senior leaders concede that UPA could be safe in terms of numbers but that does not solve problem totally
Modi said the two countries should resume their discussions on Comprehensive Economic Partnership Agreement.
'People do not want a 'maha milavat' (highly adulterated) government of those who assembled in Kolkata.'
At least 40% of a product must be manufactured in India for it to qualify for the Indian Designed, Developed and Manufactured category.
ED's application, filed through prosecutor N K Matta, had requested the court to direct the accused for his physical appearance in the case which is at its final stage.
It has conducted searches against four bureaucrats based in Uttar Pradesh and Uttarakhand over the last three days.
While the crackdown is a major step in combating tax evasion and improving transparency, it might also impact the flexibility and genuine corporate structures created to achieve legitimate objectives, says Suresh Surana.
E-governance roll-out needs better infrastructure, privacy protection.
Promoters and top executives intending to buy or sell shares of their companies might soon have to inform the market well in advance for such transactions.
A five-judge constitution bench headed by Chief Justice Dipak Misra, hearing a petitions challenging Aadhaar, said no system in the world was secure and the issue was not as to how data is collected, but how the information so collected are used or misused.
Since payment alternatives such as UPI, e-wallets and USSD - based mobile banking through different platforms are directly or indirectly linked to the user's bank account one needs to be extra careful to keep hackers at bay, explains Adhil Shetty, CEO, BankBazaar.
The comments come about a week after PSU bank employee unions went to a four-day relay strike to press for early revision of wages.
Amid tax treaty uncertainties, India's share of the number of investments made by global companies through Mauritius has almost halved in the past two years even as Africa's share has surged significantly.
Bear operators are said to have created huge short positions in the stock market over the past few days, which means they were betting on a fall in the market values
Each 'adarsh village' should have piped drinking water, connectivity to the main road, electricity supply to all households, library, telecom and broadband connectivity including CCTVs in public areas. Emphasis will also be on e-governance, says Sheela Bhatt/Rediff.com.
Sahara Group got other much-needed relief with the apex court lifting its embargo of permitting it to sell only 19 properties.
Mauritius promises India full-cooperation on tax treaty issues.
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