Fema

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Fema - Total results - 97
Govt unearths indirect tax evasion of Rs 50,000 cr in 2 yrs
Business

Govt unearths indirect tax evasion of Rs 50,000 cr in 2 yrs

As much as Rs 50,000 crore of indirect tax evasion and another Rs 21,000 crore of undisclosed income has been unearthed by the government in the last years.

Twitter can help gauge damage by natural disasters in real time
News & Analysis

Twitter can help gauge damage by natural disasters in real time

By looking at Twitter data, it is possible to determine the damage caused by a natural disaster in just a few hours, say researchers who analysed Twitter activity before, during and after Hurricane Sandy which caused severe damage in the US four years back.

ED, CBI make six arrests in BoB illegal Rs 6000 cr remittances case
Business

ED, CBI make six arrests in BoB illegal Rs 6000 cr remittances case

CBI found that an estimated Rs 6,000 crore was transferred through nearly 8,000 transactions done between July, 2014 and July, 2015.

Google rolls out storm-tracking information in Search results for US residents
News & Analysis

Google rolls out storm-tracking information in Search results for US residents

Google has introduced new features for users to inform them about major storms in their vicinity.

'Victim' Lalit Modi turns fugitive: ED swings into action, sends letters rogatory to two countries
Politics

'Victim' Lalit Modi turns fugitive: ED swings into action, sends letters rogatory to two countries

The central government is going all out to show its seriousness in prosecuting former IPL chief Lalit Modi in connection with money laundering allegations.

After Sushma Swaraj row, ED steps up probe into FEMA violation case against Lalit Modi
India

After Sushma Swaraj row, ED steps up probe into FEMA violation case against Lalit Modi

The Enforcement Directorate (ED) has stepped up its probe into a foreign exchange violation case against former IPL boss Lalit Modi which involves alleged illegal routing of Rs 21 crore funds from a Mauritius-based company.

ED to soon slap penalty notices in 16 cases against Lalit Modi, others
Sports

ED to soon slap penalty notices in 16 cases against Lalit Modi, others

The Enforcement Directorate is in the process of serving final penalty notices in 16 alleged forex violation cases amounting to an estimated Rs 1,700 crore against former IPL chairman Lalit Modi and others as part of its wide-ranging probe in the alleged financial irregularities in various editions of the T-20 cricket extravaganza.

Sushma-Modi controversy: Here's how hubby Kaushal, daughter Bansuri became political kryptonite for Swaraj
India

Sushma-Modi controversy: Here's how hubby Kaushal, daughter Bansuri became political kryptonite for Swaraj

Controversy surrounding Union External Affairs Minister Sushma Swaraj helping controversial former commissioner of the Indian Premier League Lalit Modi on "humanitarian" grounds has raised more questions than it has answered.

ED may close FEMA case against yoga guru Baba Ramdev
Politics

ED may close FEMA case against yoga guru Baba Ramdev

Enforcement Directorate (ED) may close a case of alleged foreign exchange violation it had initiated a few years ago against yoga exponent Ramdev and his Haridwar-based trusts due to insufficient evidence.

Centre relaxes norms to treat NRI investments as domestic
Business

Centre relaxes norms to treat NRI investments as domestic

Investments by NRIs under under Schedule 4 of FEMA regulations will be deemed to be domestic investment at par with the investment made by residents, an official statement said.

Did Naveen Jindal break forex laws? ED probing his bank accounts in Singapore
Business

Did Naveen Jindal break forex laws? ED probing his bank accounts in Singapore

A Jindal Steel and Power Ltd (JSPL) spokesperson denied any contravention or wrongdoing on the part of the Jindals in the case

RBI refuses to share inspection reports with intel agencies
Economy

RBI refuses to share inspection reports with intel agencies

RBI had reportedly refused to share the inspection reports of a few banks, which were penalised by it, on non-compliance of KYC norms.

India to join top global league with proposed black money law
Economy

India to join top global league with proposed black money law

While the proposed law in India has been largely welcomed, industry body Assocham today said the government should avoid over-kill and rush job" in its efforts to check foreign assets' concealment.

FEMA probe: StanChart, TamilNad Mercantile Bank may have a lot of explaining to do
Corporate

FEMA probe: StanChart, TamilNad Mercantile Bank may have a lot of explaining to do

More than the Fema violation angle, the critical question is whether StanChart attempted to flout the Indian laws to acquire a significant stake in a local bank without the RBI's approval

SIT strategy to curb black money: Limit cash transactions; create central KYC pool
Economy

SIT strategy to curb black money: Limit cash transactions; create central KYC pool

The SIT said making tax evasion of Rs 50 lakh or more a 'predicate offence' would allow necessary action under the Prevention of Money Laundering Act (PMLA)

Reducing the cost of doing business in India: Fix the ADR/GDR norms
Economy

Reducing the cost of doing business in India: Fix the ADR/GDR norms

As the years go by, it is increasingly difficult to justify these failures. RBI needs to find the intellectual capabilities to clean up the mess, drawing on the clarity of thinking, and the implementation strategies, used in fixing the capital controls on ADR/GDRs.<br />

Boost to e-commerce? Govt may modify IT Act to remove legal hurdles in digital transactions
Economy

Boost to e-commerce? Govt may modify IT Act to remove legal hurdles in digital transactions

The Department of Telecom (DoT) is likely to finalise the draft Bill before the Winter Session of Parliament.<br />

Online retail under scanner: ED begins probes for FDI violations
Corporate

Online retail under scanner: ED begins probes for FDI violations

There are allegations that the companies have violated the foreign direct investment (FDI) norms of e-commerce sector.<br />