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ED issues Rs 1000 crore FEMA notice to NRI businessman

The Enforcement Directorate (ED) on Saturday issued a show-cause notice to NRI businessman C C Thampi for alleged violation of the Foreign Exchange Management Act (FEMA) to the tune of Rs 1000 crore. Earlier, the ED had booked Thampi under Prevention of Money Laundering Act (PMLA) in connection with alleged wrongful approval for an engineering

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12th meeting of Standing Committee of Inter-State Council convened

Union Home Minister Rajnath Singh chaired the 12th meeting of the Standing Committee of Inter-State Council (ISC) on Saturday. The Home Minister said that a number of steps have been taken in recent years by the Central Government to promote cooperative federalism, and pointed out that meetings of the Standing Committee of the Inter-State Council are being periodically

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Delhi Govt. to vouch for exemption of two wheelers, women from odd-even rule

Delhi Development Minister, Gopal Rai on Monday said the state government would be re-filing the proposal before the National Green Tribunal (NGT) in connection with exemption of two wheelers and women from the odd-even rule. “The government had taken a decision regarding odd-even, but the NGT observation had come after that. We are re-filing before NGT that

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Shine India & 10 others barred from securities market by SEBI

Nov 2 Sebi today barred Shine India Agro Industries and 10 individuals, including company promoters and directors, from the securities market for at least four years for collecting money illegally from the public. The market regulator in an order also directed the firm and its

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Government, SC in favour of ethics body for legal profession

The Indian government and the Supreme Court are in favour of setting up an independent body to regulate ethics in the legal profession, the absence of which has prevented the country from improving its global position in the enforcement of business contracts. In an endeavour to usher in