Good monsoon, farm loan waiver -- the two key reasons behind more customers in jewellery shops
Police claimed that money recovered from alleged middleman Sukesh Chandrashekar was sent by Dinakaran.
Theoretically, Modi, who understood corporate finance, committed no crime by raising debt to fund a growing business. In fact, he did a tidy job of it, but his operation started to see the ground underneath it give way in January 2018. A fascinating excerpt from Pavan C Lall's Flawed: The Rise And Fall Of India's Diamond Mogul Nirav Modi.
The agency conducted a day long search at various offices of the businessman across the national capital, including Karol Bagh and Chandini Chowk areas recently and seized a large number of documents showing foreign bank accounts, unaccounted investments and receipts and payments showing hawala transactions worth several hundred crore rupees, officials said on Thursday. The accused is one of the leading importers of the Chinese mobiles.
Telangana and Rajasthan are the last states to go to the polls in the current round of assembly elections, which also covered Madhya Pradesh, Chhattisgarh and Mizoram.
Realtors split on possibility of price fall, gold may replace cash in secondary deals.
The state Election Commission also issued certain guidelines for not using the coming festive days for political purpose in the seats where polling would take place in next phases.
The department has now sent the reports of such accounts to the respective chief commissioners of Income Tax in various parts of the country to check the veracity of such accounts in their regions. More than 6,50,000 frozen demat accounts were taken under scanner and investigated by the Income Tax department in December last year on the suspicion of huge evasion of taxes and benami transactions.
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
'The main ploy of the BJP's pre-poll proclamations on corruption was so cacophonous and resounding that it unexpectedly worked out to its greatest advantage. But there seems to be a lull after the sound and fury over corruption,' says Ram Ugrah.
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
The Central Board of Direct Taxes is considering a proposal to restrict the exemption on long-term capital gains only to companies constituting the BSE-500 index.
The metamorphosis of the liberal Ahluwalia to Comrade Ahuwalia, in the past decade, is bewildering, says M R Venkatesh.
CBI sources said Singh appeared before the probe team on Tuesday morning and was questioned.
'A CEO is successful if he is able to retain the confidence of his shareholders. And the shareholders of India Inc have backed their prime minister-CEO to the hilt,' says Sudhir Bisht.
The legal battle for control of Haldia Petrochemicals Ltd took a new twist on Wednesday when The Chatterjee Group contended before the Company Law Board that 15.5 crore (Rs 155 million) shares of the company were unaccounted for.
It has conducted searches against four bureaucrats based in Uttar Pradesh and Uttarakhand over the last three days.
Out of around 80 million accounts that were analysed, there were 10 million records with only names and no other details about the subscribers, including their date of joining, date of birth and father's name, among others, in the EPFO's records.
'Farmers are like living corpses in India.'
'Modi's health scheme has changed the national conversation. For that reason it must be supported.'
This was the most expensive Lok Sabha elections entailing a cost of Rs 3426 crore to the national exchequer, a substantial jump of 131 per cent over the expenses incurred in 2009.
The remarks came amid reports of mounting tension between the finance ministry and the RBI over the autonomy of monetary policy makers.
A day ahead of the nationwide protests planned by the opposition against demonetisation, Prime Minister Narendra Modi defended the move and warned unscrupulous people using the Jan Dhan accounts of the poor to launder their black money of strict action.
Breaking his silence over the demonetisation issue, RBI Governor Urjit Patel on Sunday said the central bank is monitoring the situation on a daily basis and taking all necessary actions to "ease the genuine pain of citizens" with a clear intent to normalise the things as early as possible.
The recent sanctions imposed by the US on Lashkar front organisation Jamaat-ud-Dawa completely expose Pakistan that has consistently maintained that JuD is a charity organisation. The ban will also limit the donations to JuD, a major chunk of which is pumped into terror funds. Vicky Nanjappa reports.
'If the government had not spent an incredible amount of energy on demonetisation it may -- may, because it had not done anything the previous six months either -- have been able to pay attention to the deeper problems of low investment and job creation.'
'India has about 22,000 tonnes of private gold, held by individuals and temples.' 'Much of this is locked up in safes and vaults as a dead investment. If we can put the vast reserves of gold to use, it would boost the economy,' says V P Nandakumar, executive chairman, Manappuram Finance, India's first listed gold loan company.
Income-Tax authorities on Thursday began searches on the premises of a leading information technology company, two clearing agents and a glass company as part of a drive to unearth unaccounted transactions.
'There are so many issues that the CVC is examining both with reference to the PNB and RBI,' K V Chowdary said.
Since the note ban was announced auction houses, galleries and art fairs are witnessing lukewarm sales -- even with masters like Souza, Raza and Padamsee. Ritika Kochhar reports.
The Congress unit described Ramesh's suicide an outcome of "targeted harassment" of their rank and cadre to keep them away from the party.
The government has retained 10% duty on import of the yellow metal.
During the searches, a few thousand Pakistani rupees and currencies belonging to the UAE and Saudi Arabia as well as incriminating documents were found
The regulator is also planning to widen the ambit of 'deemed fraudulent activities'.
In continued post-demonetisation crackdown on black money, stashes of new notes continue to be seized in several states, including Rs 1.05 crore from a tea seller-turned-financier in Gujarat and nearly Rs 90 lakh in Andhra Pradesh.
The concept of gold as an asset capable of getting anytime money is evaporating.
Adjusted for inflation, the earlier scheme would have collected Rs 25,000 crore.
