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.
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.
CBI found that an estimated Rs 6,000 crore was transferred through nearly 8,000 transactions done between July, 2014 and July, 2015.
Google has introduced new features for users to inform them about major storms in their vicinity.
The central government is going all out to show its seriousness in prosecuting former IPL chief Lalit Modi in connection with money laundering allegations.
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.
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
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.
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.
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.
A Jindal Steel and Power Ltd (JSPL) spokesperson denied any contravention or wrongdoing on the part of the Jindals in the case
RBI had reportedly refused to share the inspection reports of a few banks, which were penalised by it, on non-compliance of KYC norms.
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.
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
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)
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 />
The Department of Telecom (DoT) is likely to finalise the draft Bill before the Winter Session of Parliament.<br />
There are allegations that the companies have violated the foreign direct investment (FDI) norms of e-commerce sector.<br />