Puducherry Lt Governor Iqbal Singh was on Tuesday questioned by the Enforcement Directorate officials for the second successive day over his recommendation for issuing a passport expeditiously to alleged tax evader Hasan Ali Khan after which he left for New Delhi.
Until June 2018, the ICICI Bank board had given a clean chit to Kochhar with full backing and had said there was no question of favouritism, nepotism or conflict of interest on her part in granting loans to Videocon Industries or any other company. However, the stance changed soon after the regulatory and probe agencies initiated enquiry in the matter.
Officials said the three were arrested on Monday under provisions of the Prevention of Money Laundering Act after they were called for questioning by the ED in Chennai.
Rajya Sabha MP and Lalu Prasad Yadav's daughter, along with her husband Shailesh Kumar, are alleged to have entered into benami deals for purchase of a farm house in Delhi.
The Enforcement Directorate has been granted three days custody of Kolkata-based businessman Kashinath Tapuria, the associate of Pune-based stud farm owner Hasan Ali Khan.
The first high-level meeting of the Special Investigation Team on the issue of black money and special probe into cases of unaccounted funds stashed away abroad by Indians will be held in New Delhi on June 4.
... if high oil prices persist or stock prices correct sharply.
Sahara group confirmed the development but expressed ignorance as to why this action was being taken against it.
The Bill could be referred to the Parliamentary Committee for scrutiny
This, said Sitharaman, would remove the possibility of unauthorised communication "and consequent harassment", which was a cause of concern for bankers.
Prime Minister Narendra Modi hailed as "historic" the jump.
Raj Kundra's stake in the franchise is legally questionable. The Income Tax department and Enforcement Directorate the two agencies investigating the Indian Premier League franchisees -- have come across a web of transactions that violated FIPB and RBI guidelines.
Lalu also said that Bihar Chief Minister Nitish Kumar has committed political suicide by joining hands with the BJP.
The corporate sector on Thursday was unanimous in asking the government to go back to the drawing board regarding the fringe benefit tax on the grounds that the present tax, if enforced, would increase bureaucratic interference, paper work, rent seek
'With the top court's judgment declaring the Right to Privacy a Fundamental Right, the powers under the provision need to be looked afresh.' 'To utilise such sweeping powers in the right manner will also be a challenge.'
Official sources said on Wednesday, that the "source probe" commenced after a controversy broke out this week over the share holding patterns of the a consortium led by Rendezvous which bagged IPL's Kochi franchise. The probe is only to determine the source of funds though there is no specific input that fuelled suspicions, the sources said.
Provisions of RERA, subsidy under PMAY and relaxation in PF withdrawal to buy a house will aid affordable housing, points out Harsh Roongta.
Stud farm owner Hasan Ali Khan, accused of massive money laundering and tax evasion, was late on Monday night arrested by the Enforcement Directorate which carried out multi-city searches at his Pune home and his associates' premises, cracking the whip to meet Tuesday's Supreme Court deadline.
The Enforcement Directorate has issued a 'Look Out Circular' against Pune-based stud farm owner Hasan Ali Khan, accused of stashing black money abroad, to prevent his escape from the country.
The SIT was created by Supreme Court and notified by the government last year to curb black money.
The prime minister is aware that whatever be its consequences, a new taxation regime cannot be launched closer to the general elections in 2019. Thus, any date after April 2017 for the launch of GST is risky, says A K Bhattacharya.
Explore the map to see and compare different countries' Doing Business Index in 2015.
The government has received flak for allegedly shielding the corrupt ministers and slow pace of investigation in irrigation scam.
The country's ranking had jumped from 142nd spot last year.
RBI, Enforcement Directorate to see if money was sent to tax haven
Even as the Income Tax department is probing the financial dealings of the money-spinning Indian Premier League, the Enforcement Directorate (ED) will look into the alleged murky international deals of the Twenty20 tournament. Official sources said the Mumbai wing of the ED had conducted a discreet inquiry into the finances of Rajasthan Royals in 2008 and had prepared a report of alleged Foreign Exchange Management Act (FEMA) violations.
Rashtriya Janata Dal chief Lalu Prasad on Monday declined to comment on the ongoing probe into the alleged hawala transactions and investments involving former Jharkhand chief minister Madhu Koda. "I will not comment as the topmost investigating agencies, the Enforcement Directorate and the Income Tax Department, are conducting their probe. The media should not be a police officer nor is it competent (to reach conclusions)," Prasad told reporters.
Former Jharkhand Chief Minister Madhu Koda, against whom the Enforcement Directorate and the Income Tax Department are investigating money laundering charges, will not be discharged from hospital on Saturday, as he has an upset stomach. Koda got himself admitted to the hospital on complaints of stomach pain on November 3, after the launch of Income Tax raids on his residence in connection with alleged hawala transactions and illegal investments, amounting to Rs 2000 crore.
The searches, which began at 9:30 am, were carried out after the Enforcement Directorate registered a case against 38-year-old Koda for alleged money laundering and diversion of state funds.
India on Tuesday said it is actively pursuing enforcing the amended tax treaty with Switzerland soon so that information on bank deposits in that country can be obtained in specific cases, Minister of State for Finance S S Palanimanickam said.
Black money Bill: Govt may widen disclosure window to 3-6 months.
'It is surprising and unfortunate that unfounded allegations are now being made without any reference to me whatsoever,' Vijay Mallya said.
To check black money menace, the Cabinet on Tuesday approved a new bill that would give more powers to the tax department in tracking illicit wealth stashed abroad and provide for strict penal actions for such offence.
The Swiss Finance Ministry spokesperson further said the treaty states that "such persons or authorities shall use the information 'only' for such purposes.
'A separate 'Investigation Agency (Other Offences)' or IA(OO), can be created under the state governments, with the expertise and resources required for investigating non-violent offences,' recommends Alok Tiwari, a Cabinet Secretariat officer.
The Apex Court has asked the minister and the two agencies to respond to the notice within the next ten days.
The HC asked him to furnish a bail bond of Rs two lakh and a surety of like amount.
Markets regulator Sebi joined hands by banning any fresh futures market position in chana, the only commodity among pulses where such trading was allowed
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