Aditya Birla Management Corporation has received cash from certain group companies through hawala operators in Delhi, say investigators
Raids are being carried out across the country by the Income Tax department in the wake of the burgeoning fake currency racket post demonetisation, as currencies both new and old have been seized in large amounts from Bengaluru, Panjim and Faridabad besides the national capital.
Brigadier Gurmeet Kanwal (retd) lists why India must not do away with AFSPA, but ensure enough transparency to avoid confrontation with human rights.
Nearly three weeks after Prime Minister Narendra Modi announced junking high denomination 500 and 1000 rupee notes, Finance Minister Arun Jaitley introduced a bill to amend the income tax law.
Today, the single most popular route of laundering is the stock market platform, notes Debashis Basu.
'If my understanding is correct, one has to file not less than 37 returns per year for every ordinary business, and that too per state.' 'If you are doing businesses in Chennai, Bangalore and Hyderabad, you have to file 37x3 returns every year!' 'The consequence of GST will be chaos, confusion and possibly economic crisis.'
A SFIO probe into Saradha scam and 'chit fund' operations of 62 other entities has found serious financial mismanagement and siphoning off the funds by their promoters, who took advantage of regulatory gaps.
Investigators from the National Investigating Agency have found that the bombs used in the August 25, 2007 Hyderabad blasts that killed 42 people, were prepared in the heart of Mangalore city, and the finances came from a dedicated network in Saudi Arabia. Vicky Nanjappa reports.
Poor performance of the banking, oil and exploration industries have impacted corporate tax collections.
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
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.
In 1954, a bench of eight Supreme Court judges declared that the Constitution-makers did not recognise the Fundamental Right to Privacy. It is hoped that a larger bench as and when constituted will uphold the Right to Privacy as a Fundamental Right overruling the 1954 decision, says the distinguished lawyer, P P Rao.
Against a turbulent and uncertain background, Budget 2017-18 hewed a steady, forward-looking course, says Shankar Acharya, former chief economic adviser to the government.
'It is common knowledge that cash is anonymous.' 'When demonetisation was implemented, one of the intended objectives was to put identity on the cash holdings in the economy.' 'With the return of Rs 15.28 lakh crore in the formal banking system, the almost entire cash holding of the economy now has an address.' 'It is no more anonymous,' says Arun Jaitley.
After much delay, the landmark Lokpal Bill was on Tuesday passed by the Rajya Sabha, marking a step closer to enactment of a new law under which an anti-corruption ombudsman would be set up.
In a curious judgement, the Gauhati high court has struck down the resolution through which the Central Bureau Investigation was set up and held all its actions as "unconstitutional".
When a Chinese warship entered Japanese waters, the Indian commander called on China to maintain discipline at sea. Dr Rajaram Panda explains the significance of the Malabar exercises between India, Japan and the US.
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.
Curtains will fall on the Rim of the Pacific 2016, the world's largest international maritime exercise, on August 4.
Pushed by Congress vice president Rahul Gandhi, the government looks set to shortly bring ordinances on two anti-corruption bills along with three other legislations which could not be passed during the just-concluded Parliament session.
Singh and Badami subsequently took Waghmare to a corner of the corridor outside, where others have no access, and gave him a lecture. The conversation was largely inaudible, except for a phrase here or there. The thrust was unmistakable. Waghmare had to learn not to give such detailed answers to the defence.
'Cultural property crimes have been linked, by the United Nations and others, to terrorism.' 'These links show the perpetrators to be associated with major criminal and terrorist networks like ISIS.
Not declaring the black money under the scheme now, but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty. In case the disclosure is not made either using the scheme or in return, a further 10 per cent penalty on tax will be levied followed by prosecution.
'You shouldn't mistreat Muslims, you shouldn't mistreat Sikhs, you shouldn't mistreat anyone you perceive to be the other.'
'Quite the raconteur, much to the dismay of Courtroom 51's CBI Special Judge Jayendra Chandrasen Jagdale, Christopher 'Doglis' Marquis, a Bandra dog-breeder who was Prosecution Witness No 57 and a panch or witness, seemed to move into the witness box with glee, embellishing every answer that he gave to the lawyers' questions with a variety of additional details.' Vaihayasi Pande Daniel reports from the Sheena Bora murder trial.
Forty years on, ironically, the managerial attention to new businesses has meant almost 40 per cent of revenues now come from the non-tobacco business.
Fraudsters were luring gullible investors of daily returns up to Rs 75,000.
'The category of crime and criminals called Maoist or Naxal or #UrbanNaxals is an illegitimate creation of right-wing propaganda media frenzy.' 'It is a fiction repugnant to the Constitution and the law of the land,' argue Vernon Gonsalves and Arun Ferreira.
It's a close fight between the Election Commission trying its hardest to prevent Tamil Nadu's electoral malpractice and the political parties out to buy votes at any cost, says B Srikumar.
Entertainment is best when it isn't trying to force laughs out of us with its desperate attempts at wit, says Sukanya Verma.
Database to contain taxable financial transactions and history of any tax-paying individual.
A new report has questioned the trial court verdict convicting Shahzad Ahmad in the Batla House encounter case, speaks in length about why the verdict in the Batla House encounter is wrong. The 24-page-report, titled Beyond reasonable doubt? The Conviction of Shahzad Ahmad which has been put out by the Jamia Teachers' Solidarity Association, states that the findings of the court are based on conjectures. Vicky Nanjappa explains.
Pasbola wound up his cross examination, tabling a new narrative in the murder case. That Sheena Bora had been murdered not by her mother. But by her brother.
16 is yet another formulaic representation of teenage life, writes Paloma Sharma.
In his massive election rallies, Prime Minister Narendra Modi often caught voters fancy promising that each individual would get Rs 15-20 lakh in his bank account if he came to power.
The Opposition on Monday charged the government with trying to promote crony capitalism, creating fear by giving "unbridled power" to taxmen, trying to snoop into people's lives through increased use of Aadhaar through the provisions of the Finance Bill.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances