He opined that procedural delays like granting sanction and difficulty in marshalling large number of witnesses were the major hurdles in achieving meaningful convictions.
A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of $1.2 billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the long drawn dispute. The New York district court delayed the tax suit to November 18, according to court documents reviewed by PTI. This follows Cairn Energy and Air India jointly asking the court to stay further proceedings in view of the fresh government enacting a fresh law to scrap retrospective taxation in the country.
Indian medicine accounted for over 50 per cent of all drug seizures in Europe for intellectual property rights violation last year. Industry experts said this indicates the seriousness of the problem. This data was revealed in the recently-released 2009 report of the European Union on the customs enforcement activities of its member states.
While the CPI-M in a statement after the secretariat on Friday maintained that Balakrishnan, who is also a Polit Bureau member, had sought leave for further treatment which had been accepted, the leader of opposition in the state assembly Ramesh Chennithala dubbed the move as a delayed dawning of wisdom.
Kapil Sharma, the anchor of Comedy Nights with Kapil, is the hottest property on Indian television today
Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore
Chairing a review meeting of Agra division, the chief minister made it clear that his government 'always nurtured nationalist ideology and anything which smacks of subservient mentality will be done away with', the UP government said in a statement.
The Bill seeks to give Sebi sweeping powers like attachment of properties and launch of recovery proceedings.
Sebi has ordered attachment of bank and securities accounts of over 40 entities so far this year.
This is the new addition to the tax data, which had identified over 600,000 people for scrutiny over huge inconsistencies in the cash deposits
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.
Federal authorities in the United States have seized two valuable artefacts stolen from India valued at about $450,000 (Rs 3 crore) from the premier auction house Christie's, just days before a scheduled auction of the items as part of planned festivities to celebrate Asia week.
When powers vested by the Finance Bill 2017 begin to get mildly used, fellow Indians living in the corporate bubble will get a faint whiff of what life can be like when you run a grocery store in the streets of Kashmir or the North East.
Includes those dealing in high-value property and petrol pump owners
The stringent Prevention of Money Laundering Act, which was recently amended to remove certain shortcomings, will come into force from July 1.
Pak cabinet clears bill to stop N-proliferation
The crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years.
The US president alleged that China had been indulging in tremendous intellectual property theft worth hundreds of billions of dollars on a yearly basis.
The sleuths of the department seized over Rs 4 crore in new currency, mostly in denomination of Rs 2000, some notes of Rs 100, demonetized notes of Rs 500 and a few gold biscuits
Besides bank accounts, Sebi has also in various proceedings ordered depositories, NSDL and CDSL, to attach the demat securities accounts of the erring entities.
The devastation caused by the current deluge has damaged hundreds and thousands of homes and vehicles.
'It may take the AIADMK much more convincing than already, not only to try and bring around even the one-time Muslim voters of the party. 'More importantly, the party leadership may find it even more difficult to convince traditional party voters and cadres, who had admired Jaya's nonchalance to the party and leader ruling the Centre,' says N Sathiya Moorthy.
Trump tweeted, hours after Pentagon announced it had reached an understanding with China for the return of the drone.
The biggest-ever seizure of cash in new currency grew to over Rs 5 crore on Friday even as the Income Tax department said it detected unaccounted income worth Rs 152 crore after it conducted searches in a dozen premises in Bengaluru and other locations.
Sebi has been given direct powers to freeze bank accounts, attach properties, conduct search and seizure and initiate recovery proceedings.
The capital markets watchdog has asked the government to empower it to carry out search and seizure operations, to attach properties and to ask for information and records for all relevant entities.
ED filed a bulky prosecution investigation report before the XXI Additional Chief Metropolitan Magistrate cum Special Sessions Judge here today seeking to "prosecute the accused for the offence of money laundering" under the Prevention of Money Laundering Act.
Ruling Jharkhand Mukti Morcha legislator Sita Soren, the daughter-in-law of former Chief Minister Shibu Soren, on Tuesday surrendered to a court in Ranchi in a case of horse trading registered by CBI after the Election Commission rescinded the original notification for the 2012 Rajya Sabha polls for Jharkhand.
The team probing the incident examined 808 suspects and 118 witnesses to collect strong evidence against the accused, the CID said in a release.
The assets have been attached as part of five separate orders issued by the central probe agency under the Prevention of Money Laundering Act, it said.
Some of the defaulters have not paid up amounts as small as Rs 15,000, while the majority of individual penalties are worth a few lakhs of rupees and a few others amounting to a few crores of rupees.
The scheme offers waiver of interest, penalty, and prosecution for settling tax disputes.
Asserting that Uttar Pradesh has undergone a complete transformation under his government, chief minister Yogi Adityanath said on Sunday that there have been no riots since 2017, strict action has been taken against the mafia and the state is in the frontline of implementing welfare schemes, ensuring the ease of doing business and fighting the COVID-19 pandemic.
The Chief Minister Palaniswami camp, however, blamed the Sasikala family for the raids.
I-T officials are also looking into the finances of candidates who contested state elections in Uttar Pradesh, Punjab, Gujarat, and Karnataka, reports Shrimi Choudhary.
The number one way the Modi administration can demonstrate its commitment to the success of the Atal Innovation Mission, Accelerating Growth for New India's Innovations, Make in India, Digital India, and Startup India is to strengthen its IP framework in ways that promote the legal and regulatory certainty necessary for greater R&D investment, high-value jobs, and greater innovative and creative outputs, the report said.
Brazilian authorities have blocked assets of Barcelona star Neymar, including a yacht, a jet and several properties worth almost US$50 million, according to The Associated Press.
Frozen mutual funds and shares worth Rs 86.72 crore belong to Choksi and his group, and the rest are owned by the Modi group.
The Supreme Court put an end to the investigation monitored by it against former Mumbai Congress chief Kripashankar Singh and his family members for allegedly amassing disproportionate assets and left it to the trial court to consider supplying final report to activists on whose public interest litigation the probe was ordered.
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