Net Direct Tax Collections Grow At 21%

Refunds aggregating to Rs53,322 crore issued in the current fiscal

2 Days Ago

CBI Takes Over Loan Default Case Of Rs57 Bn

Searches Conducted In Bank Fraud Case Against 28 Accused Including Directors & Promoters Of Various Private Companies

Jun 15, 2024

CBI Apprehends EPFO Officer: Case Of Rs1.10 Lakh Bribe

CBI apprehends total three accused

Jun 15, 2024

G7 Will Launch Action Plan On Use Of AI In The World

G7 will launch Extraordinary Revenue Acceleration (ERA) Loans for Ukraine, in order to make available approximately USD 50 billion in additional funding to Ukraine by the end of the year; G7 remain committed to strengthening the rules-based multilateral trading system; fostering strong and inclusive global economic growth, maintaining financial stability and investing in its economies to promote jobs and accelerate digital and clean energy transitions

Jun 15, 2024

Biometric Verification At Guj GST Centers Keeps Bogus Applicants Away

Average Monthly Registrations Decline by 25%

Jun 14, 2024

ED Freezes FDs Of Rs7.25 Cr In Online Fraud

The accused persons contacted the victim and convinced her to transfer the investments held in a bank to a crypto currency account claiming that the existing account is not safe

Jun 08, 2024

ED Conducted Searches Against Chadalavada Infratech In Bank Fraud Case

ED initiated investigation on the basis of FIR registered on a complaint of loan fraud by State Bank of India, Hyderabad, for siphoning and diversion of funds, cheating and criminal conspiracy resulting in loss of public money to the extent of Rs166.93 Crore

Jun 07, 2024

Sales Tax Officer Arrested In Bribe Case

CBI registered a case on allegations that accused demanded bribe of Rs1 lakh from complainant practicing tax consultant as reward for having resolved the issue of Input Tax Credit (ITC) of his client Gupta Agency

Jun 07, 2024

Election Shocks & Upsets: NDA 293, INDIA 233

BJP won a lesser number of seats than the number predicted in the various exit polls

Jun 05, 2024

Rs100 Bn Seizure In Polls: 620 Mn Searches By Voters On ECI Portals

2.5X Voters of 27 EU countries in their last National Elections; Celebrities, startups, and citizens unite to spread voter awareness

Jun 03, 2024

SC Mandates Self-Declaration By Agencies Before Releasing Advts

Self-Declaration Certificate To Become Mandatory For All New Advertisements From 18th June, 2024

Jun 03, 2024

ED Attached Properties Of Rs3 Cr Of Clerk In UHBVN

Government money of Rs56 Crore has been misappropriated and embezzled by transfer from the government accounts to the accounts of persons with connivance of the officials of UHBVN, Yamuna Nagar

Jun 03, 2024

Gross GST Revenue Collection Is Rs1.73 Tn

Gross GST Revenue Collection In May 2024 Records 10% Y-O-Y Growth

Jun 03, 2024

2 Pvt Company Directors Given RI In Coal Block Allocation Case

Designated Court Sentences Directors To 02-03 Years’ Rigorous Imprisonment With Total Fine Of Rs70 Lakh

May 30, 2024

Economic Outlook Is Brightening But Political Risks Loom Large in 2024

82% of chief economists expect the global economy to remain stable or strengthen this year – almost twice as many as in late 2023

May 29, 2024

WIPO Treaty, A Big Win For India And Global South

For the first time the system of knowledge and wisdom which have supported economies, societies and cultures for centuries are now inscribed into the global IP system.

May 26, 2024

Properties Of Rs58.93 Cr Belonging To IREO Group Attached

The total Proceeds of Crime identified in the case is Rs.1780 Crore.

May 26, 2024

One Person Arrested In Case Of Masters Finserv

Directorate of Enforcement (ED), Kochi Zonal Office has arrested Ebin Varghese on 15.05.2024 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002

May 26, 2024

Tourism is Back to Pre-Pandemic Levels, But Challenges Remain

Despite these strides, the TTDI warns that significant investment is needed to close gaps in enabling conditions and market share between developing and high-income countries

May 21, 2024

ED Arrested One In IT Refund Fraud Case Of Rs2.63 Bn

ED initiated investigation on the basis of FIR registered by CBI for fraudulently generating and issuance of TDS refunds from Income Tax Department

May 20, 2024

Election-Time Seizures To Cross Rs90 Bn Soon

Commission’s crackdown on inducements behind historic spurt

May 18, 2024

CBI Registers Case Against 3 Accused Of Postal Department

Allegations are of demanding Rs 25 lakh bribe for appointment of 10 contingent labourers as MTS

May 13, 2024

Convicted EPFO Officials Given 5 Years’ RI

CBI Court Sentences Two Accused Including Then Regional PF Commissioner-And Enforcement Officer Of EPFO, Nagpur To 05 Years’ Rigorous Imprisonment With Total Fine Of Rs4 Lakh In A Case Of Bribery

May 13, 2024

Cyber Fraudster Kept 19 Kg Gold In Locker

Accused Punit Maheshwari maintained the locker, containing the gold Of Rs14 Cr, in the name of his mother with Ballabhgarh branch of Indian Bank

May 06, 2024

CBI Arrests FSSAI Official: Rs37 Lakh Cash, 45 Gram Gold Recovered

Accused Assistant Director, FSSAI, was caught red handed while accepting the bribe of Rs1,20,000/-

May 06, 2024

ED Conducted Search In Case Of Ponzi Scheme, Illegal Forex Trading Platforms

ED initiated investigation on the basis of FIR registered by Bharti Vidhyapeeth Station, Pune against the accused persons for duping/cheating common people in the name of ponzi/ multi marketing schemes and forex trading platforms promising exorbitant returns and collected more than Rs100 Cr

May 04, 2024

Bitcoins Worth Rs130.48 Cr Seized During ED’s Search Operation

ED initiated investigation on the basis of MLA request received from the US authorities invoking a unique provision of section 2(ra) of PMLA, 2002 implying offence of cross border implications

May 04, 2024

CBI Arrests IT Officer While Accepting Rs4 Lakh Bribe

The accused initially demanded undue advantage of 2% of the total deal value of the property worth Rs5.04 crore and after negotiation, reduced it to 1% of the deal value of the property

May 04, 2024

CBI Searches Against App Based Fraudulent Investment

The searches led to the seizure of significant digital evidence, including mobile phones, computer hard drives, SIM cards, ATM/ Debit cards, email accounts, and various incriminating documents.

May 01, 2024

Demonetisation: Ex Banker, Ex LIC Agent Sentenced TO 4 Years' Jail

Designated Court Sentenced 2 To Imprisonment With Total Fine Of Rs3.70 LAKH

Apr 30, 2024

World Economic Forum Convenes Special Meeting on Global Collaboration, Growth and Energy for Development

1,000 government, business and civil society leaders to gather in Riyadh, Saudi Arabia

Apr 27, 2024

USTR Lists Out Concerns With India on IP Protection & Enforcement

USTR Releases 2024 Special 301 Report on Intellectual Property Protection and Enforcement; The report details concerns and developments in 20 countries that USTR placed on the Watch List

Apr 27, 2024

Africa Should Invest In Tech & Innovation To Build A Prosperous And Sustainable Future

Antonio Pedro: Africa must invest in human capital development, research and development (R&D), and in learning how to produce, sell and use emerging technologies such as artificial intelligence and genomics that are transforming every aspect of life

Apr 21, 2024

Ex Banker Fined Rs15 Cr With 7 Years’ Jail

The Special Judge for CBI cases, Gandhinagar has sentenced accused Smt. Preeti Vijay Sahjwani, then Sr. Manager, Indian Overseas Bank (IOB) Vastrapur Branch, Ahmedabad to 07 years’ Imprisonment with fine of Rs. 15,06,50,000/- in a case related to offences of Criminal breach of trust, Forgery for valuable security, using forged document as genuine and causing wrongful loss to the bank.

Apr 21, 2024

Direct Tax Collections Up By 18% Y/Y At Rs23.37 Tn

Refunds aggregating to Rs3.79 lakh crore issued in FY 2023-24; Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs1.35 lakh crore i.e. by 7.40%

Apr 21, 2024

Shares Of Rs81.03 Cr Attached In Case Of Bank Fraud

ED initiated investigation on the basis of FIR registered by Central Bureau of Investigation on complaint filed by Central Bank of India against M/s SEL Textiles Limited and its directors for cheating and illegal diversion of loan amount to the tune of Rs1530.39 Crore

Apr 20, 2024

Raj Kundra’s Properties Of Rs97.79 Cr Attached

The attached properties include Residential flat situated in Juhu presently in the name of Smt. Shilpa Shetty, Residential Bunglow situated in Pune and Equity shares in the name of Raj Kundra

Apr 19, 2024

ECI: Rs1 Bn Daily Seizure Since 1st March

Rs. 4650 crores seized even before polling begins: Higher than total seizures in 2019 polls; ECI cracks down on money power

Apr 15, 2024

413 Land Parcels Of Rs52 Cr Attached In PMC Bank Case

The attached 1807 acres were having registered value of Rs 52.90 Cr and the Proceeds of Crime to the tune of Rs 82.30 Cr were utilised from 2010 to 2013 for acquiring these parcels of land

Apr 11, 2024

Can You Ever Imagine 500 Mn People Getting Into Banking Industry? : VP

Across various frontiers of cutting-edge technology, including quantum computing, machine learning, 6G technology, and green hydrogen, India is prominently positioned as a front runner.

Apr 09, 2024

Fast-Growing $2 Trillion Private Credit Market Warrants Closer Watch

IMF Blog: Financial sector stability: Rapid growth of this opaque and highly interconnected segment of the financial system could heighten financial vulnerabilities given its limited oversight

Apr 09, 2024

ECI Leverages Power Of Social Media To Engage Young Voters

Election Commission of India Nudges young & first-time voters through ‘Turning 18’ campaign to enhance participation in GE 2024

Apr 08, 2024

ED Orders To Attach Assets Of Rs36 Cr In Bank Fraud

ED has issued a Provisional Attachment Order for assets of M/s Veena Developers in Bank Fraud case pertaining to Rakesh Wadhawan and Sarang Wadhawan Promoters of HDIL and others (Mack Star Case)

Apr 07, 2024

2 Ex Bankers, 1 CA Sentenced To RI In Bank Fraud Case

Designated court at Lucknow sentences four accused including two then managers of Allahabad Bank, a then partner/director of private companies and a chartered accountant to 3-5 years’ rigorous imprisonment with total fine of Rs Six lakh in a bank fraud case

Mar 31, 2024

Ex Asst Labour Commissioner Sentenced To RI

Designated Court Sentences Then Assistant Labour Commissioner, Hyderabad To 2 Years’ Rigorous Imprisonment With Fine Of Rs 1 Lakh In A Case Related To Disproportionate Assets

Mar 30, 2024

Passport Officer Sentenced To 5 Years RI

Designated court sentences then Passport officer with fine of Rs3.10 lakh in a bribery case

Mar 30, 2024

2 Bankers Sentenced To Rigorous Imprisonment In Bank Fraud Cases Of Rs24 Cr

Designated court sentences seven accused including then assistant manager of UCO Bank and then officer of Allahabad Bank to 03-07 years’ rigorous imprisonment with combined fine of Rs8.5 lakh in two separate bank fraud cases

Mar 29, 2024

When More Women Work, Economies Grow: VP

The Vice-President Jagdeep Dhankhar calls upon the women entrepreneurs to be ‘Vocal for Local’ and promote economic nationalism, while addressing the culmination ceremony of 40 years of FICCI Ladies Organisation

Mar 28, 2024

ED Conducts Searches At Payment Aggregators' Premises At Bengaluru, Pune

During the search operations, amounts totaling to Rs16.43 Crore were frozen under the PMLA, 2002

Mar 22, 2024

5 Including Bank Manager Sentenced To RI With Fine Of Rs62 Lakh

Designated court sentences five accused to Rigorous Imprisonment of 05 years in a bank fraud case

Mar 19, 2024

CBI Arrests CGST Officer, Inspector For Bribe Of Rs1.5 Lakh

It was alleged that accused Assistant Commissioner demanded Rs6,00,000/- bribe from complainant for settling the Show Cause Notice related to Service Tax

Mar 18, 2024

CBI Arrests Income Tax Officer, Bank Manager In Cases Of Bribery

CBI arrested Branch Manager, Aryavart Bank, Ajnar Branch, Mahoba, U.P. while accepting bribe of Rs. 6000/- from the complainant

Mar 18, 2024

EC Enhances Usage Of IT Application: Social Media Will Promote Voter Turnout

‘SVEEP’ is promoting online portals and mobile apps to empower citizens with knowledge about their electoral rights; Voter Information Slip will include information like Polling Station, Date, Time etc. with QR code; Photo Electoral Rolls will be used; Announcement of schedule for general elections to Lok Sabha And Legislative Assemblies Of Andhra Pradesh, Arunachal Pradesh, Odisha & Sikkim, 2024

Mar 17, 2024

ED Conducts Search Operations Under PMLA In Nashik, Thane

The case is against KBC Multitrade Pvt Ltd and their Promoters / Directors

Mar 16, 2024

Minimum Rs41.50 Bn To Be Invested For Manufacturing E-Vehicles

Companies that set up manufacturing facilities for e-vehicles will be allowed limited imports of cars at lower customs duty

Mar 16, 2024

CBI Registers Case Against 4 Visa Consultancy Firms For Human Trafficking

The trafficked Indian Nationals were trained in combat roles and deployed at front bases in Russia - Ukraine War Zone against their wishes, thus, putting their lives in grave danger; Searches underway at more than 10 locations in 07 cities

Mar 08, 2024

CBI Conducts Searches At 67 Locations: Case Of Rs820 Cr Related To UCO Bank

CBI conducts searches in seven cities in an on-going investigation of a case in connection with suspicious IMPS transactions

Mar 07, 2024

Finance Head Of A Firm Arrested For GST Evasion Of Rs 88 Cr

CGST Mumbai Zone, CGST Navi Mumbai Commissionerate arrested the person of a firm for supplying taxable service amounting to Rs. 492 Cr approximately without issuing any tax invoice

Mar 06, 2024

CBI Arrests 2 Project Directors Of NHAI

Taking total arrests to 8 in an on-going investigation of a case related to bribery of rs20 lakh; After further searches cash recovery/seizure comes to over Rs2 crore (approx) including bribe money

Mar 05, 2024

Newspaper Registration Goes Online: Portal With E-Sign, Digital Payment Gateway

The Press Sewa Portal intends to put in place a chatbot-based interactive grievance resolution mechanism. The Portal ensures paperless processing and offers services with e-sign facility, digital payment gateway, QR code-based digital certificates for instant download.

Mar 02, 2024

Paytm Payments Bank Penalized Of Rs 4.59 Cr By FIU-IND

After considering the written and oral submissions of the Paytm Payments Bank Ltd, Director, FIU-IND, based on the voluminous material available on record, found that the charges against Paytm were substantiated

Mar 01, 2024

Real GDP Grew By 8.4% In Q3, FY’23-24

Indian economy remained resilient with robust 7.6% growth rate of GDP in FY 2023-24 over and above 7% growth rate in FY 2022-23

Mar 01, 2024

5 Coop Banks Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Feb 29, 2024

Ex Employee Of A Bank Sentenced To Rigorous Imprisonment

CBI also fined former Chief Manager of the bank Rs4,37,500

Feb 26, 2024

Reforms Needed For Labour Laws, Privatization Of PSUs: Panagariya

Chairperson, 16th Finance Commission at ABP Network’s ‘Ideas of India’ Summit 3.0: “The conditions are perfectly there for India to take the world by storm. India is now the only economy, which is growing strongly.”

Feb 24, 2024

CBI Arrests Senior Railway Railway In Bribe Case

CBI has arrested Chief Office Supdt., DRM Office, Western Railway, Mumbai for demanding and accepting bribe of Rs50,000/- from a complainant (representative of a private company) for processing three bill

Feb 24, 2024

ED Files PC Against Ex Judge In Bribery Case

ED initiated investigation on the basis of FIR registered by Anti-Corruption Bureau, Panchkula (Haryana) under various sections of Indian Penal Code, 1860 and Prevention of Corruption Act, 1988 against the accused

Feb 22, 2024

PC Filed Against Tower Infotech For Fraudulently Issuing Investment Certificate

High Court, Jharkhand had directed CBI to take over investigations of all FIRs registered in the state of Jharkhand against Chit-Fund Companies

Feb 21, 2024

CBI Arrests EPFO Officer For Taking Bribe Of Rs 2 Lakh

CBI has registered a case on complaint against the said Enforcement Officer, EPFO, Tirunelveli, Tamil Nadu on allegations that accused demanded bribe of Rs15 lakh from complainant who is running a software company at Tirunelveli

Feb 20, 2024

CBI Arrests Passport Officers; Searches Lead To Recovery Of Rs20 Lakh Cash

CBI apprehended accused APO red handed while accepting bribe of Rs 25,000. RPO and another APO of Regional Passport Office, Jalandhar were also apprehended

Feb 17, 2024

CBI Apprehends 3 Railway Engineers In Cases Of Bribery

CBI apprehends 4 persons including two senior section engineers and one assistant divisional electrical engineer of two railway zones in two separate cases of bribery

Feb 17, 2024

APEDA drives agri exports to USD 26.7 bn in FY 2022-23

APEDA's 38th Foundation Day marks agricultural export expansion milestone keywords Agricultural and Processed Food Products Export Development Authority (APEDA), export basket, Principal Commodities, Basmati Rice, and Fresh Vegetables.

Feb 17, 2024

APEDA Enables 500 Startups To Market & Export Millet Based Products

Sangrur farmer turns exporter, ships 14 metric tonne ready-to-cook millets to Australia

Feb 14, 2024

CBT Recommends 8.25 % Interest Rate To EPF Subscribers For ’23-24

The Board has recommended a distribution of historic income amount of Rs1,07,000 crores to EPF members' accounts on a total principal amount of about Rs. 13 lakh crores

Feb 10, 2024

1,700 Fake ITC Cases of Rs180 Bn Detected Through Data Analytics

98 fraudsters/masterminds have been apprehended by the Directorate General of GST Intelligence (DGGI) by using data analytics aided by advanced technical tools

Feb 05, 2024

ED Provisionally Attached Gold Worth Rs.2.16 Crore Of Jeweller

ED initiated investigation on the basis of a show Cause Notice issued by the Commissioner of Customs, Customs Preventive Commissionerate, Ernakulam

Feb 01, 2024

GST Revenue In Jan’24 Up By 10.4% At Rs1,72,129 Cr


Feb 01, 2024

1 Out Of Every 10 U.S. Visa Applicants In The World Is Indian     

U.S. Sets Visa Records in India in 2023 through Innovations, and Increased Efficiency; The U.S. consular team in India issued over 140,000 student visas in 2023 – more than in any other country in the world setting a record for the third year in a row

Jan 29, 2024

CBI Apprehends GST Superintendent In Bribe Case

CBI laid a trap and caught the accused red handed while accepting partial bribe amount of Rs20,000/- from the complainant

Jan 27, 2024

Properties Attached In Case Of A Coop Bank

The attached properties consist of immovable properties, a Car & Gold Jewellery

Jan 26, 2024

A Proprietor & A Guarantor, Given RI For Causing Loss To Central Bank Of India

It was alleged that accused diverted the funds for their personal gain without its end utilization and caused loss to the tune of over Rs4.40 crore

Jan 26, 2024

Fund Diversion From Religare Finvest: ED's Searches In Mumbai

ED initiated investigation on the basis of FIR registered by EOW, Delhi Police wherein Religare Finvest Ltd (RFL) made allegations against the 4 companies of hatching a criminal conspiracy for causing wrongful loss to RFL by defaulting on a loan of Rs150 Crore

Jan 26, 2024

‘Settlement And Commitment’ Framework Will Expedite Anti-Trust Enforcement Process: Kaur

CCI is committed to inclusive and transparent governance, particularly in the formulation of regulations: Chairperson, CCI

Jan 25, 2024

Properties Of Rs8.89 Cr Attached In Satta Matka Betting Case

ED investigation revealed that illegal Online Betting App such as Dhangames and other Satta Matka Apps were being operated in Madhya Pradesh, Karnataka and other parts of the country to lure unsuspecting masses

Jan 20, 2024

ED Attaches Properties Of Rs36 Cr: Fraudulent Awarding Of Mediclaim Tender

ED initiated investigation on the basis of FIR registered by the CBI, ACB, Srinagar

Jan 19, 2024

Alliance for Women's Health To Boost Global Economy by $1Tn Annually

According to the World Economic Forum report, women on average spend 25% more of their lives in poor health than men. Closing the health gap facing women globally could lead to a 1.7% increase in per capita GDP, with every $1 invested in these efforts potentially unlocking $3 in economic growth

Jan 18, 2024

Tech Cooperation Set to Improve Global Trade

TradeTech Global initiative outlines a vision for collaborative use of technology for global commerce to unlock trillions in trade

Jan 17, 2024

GGTC Berlin To Focus On Innovation, Digital Transformation, Application Of Emerging Tech

Govt Tech To Become Biggest Software Market Of Over $1 Trillion By 2028

Jan 16, 2024

Land Parcel Of Rs37 Cr, 3 Flats Attached In Bank Fraud Case

The FIR was registered by CBI on the complaint against Associate High Pressure Technologies by Union Bank of India for defrauding them

Jan 09, 2024

India Post's Franchisee Scheme from Feb 1: Kiranas, Shops, Paanwalas Can Be Engaged

69 Dak Ghar Niryat Kendras made operationalized in Maharashtra and Goa State

Jan 08, 2024

Patna Jeweller Remanded To Judicial Custody In Bank Fraud Case

ED initiated investigation on the basis of FIR and subsequent charge-sheet, alleging that the fraudulent transactions of Rs31.93 Cr from the bank account of Competent Authority for Land Acquisition (CALA) cum District Land Acquisition Officer (DLAO) were executed and funds were siphoned off using bank accounts of various shells/dummy entities

Jan 06, 2024

5 Year’s Rigorous Imprisonment, Fine Of Rs1.05 Cr Imposed On Postal Official

It was alleged that the accused during 2007 to 2012 at Tiruvottiyur Post Office, Chennai entered into conspiracy related to forging the signature of depositors in the withdrawal/closure forms & pre maturely closing monthly income scheme, RD Scheme and Senior citizen Saving Scheme of the depositors for misappropriating the proceeds of deposits

Jan 06, 2024

ED Attaches Properties Of Ex DRO Of Haryana

Case of embezzlement of NHAI and HSIIDC funds

Jan 06, 2024

6 properties, 61 gold coins, Rs3 Cr Cash, Of Ex- JCEE, provisionally attached

ED initiated investigation on the basis of two FIRs registered by Directorate of Vigilance and Anti-Corruption (DVAC), Vellore, Tamil Nadu, against M. Pannirselvam for corruption and acquiring assets to the tune of ? 7.54 Crore through ill gotten money which is disproportionate to his known sources of income

Jan 03, 2024

Record 8.18 Cr ITRs Filed For AY2023-24, Up By 9%

Income Tax Department made over 103.5 crore outreaches through targeted e-mail, SMS and other creative campaigns

Jan 02, 2024

Rs1,64,882 Cr GST Collection For December, 2023

Posting a growth rate of 12% Y-o-Y, Rs14.97 lakh crore gross GST collection during April-December 2023 period

Jan 01, 2024

5 Years Rigorous Imprisonment To Ex Bank Employee In Fraud Case

CBI had registered a case on 30.03.2011 on complaint from Oriental Bank of Commerce, Indore that then Chief Manager in collusion with other accused, had sanctioned Cash Credit Facilities amounting to Rs8.1cr against forged Ware House Receipts to 7 firms

Jan 01, 2024

Rigorous Imprisonment To Ex Manager Of PSU Bank

The accused adopted different modus operandi for his personal benefits and manipulated the entries in the Core Banking System (CBS) of the bank by using his own User ID & User IDs of other officers of the bank

Jan 01, 2024

Dr. Arvind Panagariya Is Chairman Of 16th Finance Commission

Ritvik Ranjanam Pandey has been appointed as Secretary to the Commission

Jan 01, 2024

Invest India, DPIIT & SCALE Committee Deliberate On 11 Focus Sectors

DPIIT hosts Chintan Shivir for Manufacturing

Dec 29, 2023

ED Arrests One In Illegal Forex Trading Case

ED initiated investigation on the basis of FIR registered by Kolkata Police under various sections of IPC

Dec 28, 2023

CBI Arrests Regional Provident Fund Commissioner In Bribery Case

The instant case was registered on complaint against an EPFO officer and a private person, both resident of Nashik, Maharashtra

Dec 28, 2023

Stress In NBFC Sector Assessed To Be Higher

RBI releases the Financial Stability Report, December 2023

Dec 28, 2023

CBI Arrests Post Official For Taking Bribe

The Central Bureau of Investigation has arrested a Senior Superintendent of Post Offices, Bhimavaram Division, West Godavari District (Andhra Pradesh) for demanding & accepting bribe of Rs. 2.5 lakh from the Complainant

Dec 25, 2023

7 Years Jail To Ex Protector Of Emigrants For Graft

It was alleged by CBI that during the years 2007 to 2009, R Sekar, then Protector of Emigrants (POE), along with others, entered into a conspiracy and in pursuance of that, collected bribe amount in the form of 'Speed Money' from various Recruiting agents for clearance of Emigration Certificates

Dec 25, 2023

Property Of Rs35 Cr Provisionally Attached In Bank Fraud Case

ED investigation revealed that the loan amount had been diverted to various bogus firms

Dec 23, 2023

ED arrests accused under PMLA In Bank Fraud Case

ED investigation revealed that the bank branch manager and his associates, who were found involved in the process of money laundering, were arrested

Dec 23, 2023

IT Dept’s Search Operations In 3 States, Cash Of Rs3.51 Bn Seized

During the search operation, a large number of incriminating evidence in the form of documents and digital data has been found & seized

Dec 22, 2023

NIIF To Invest Rs6.75 Bn In Airport At AP

The greenfield airport at Bhogapuram, Andhra Pradesh is being developed by GMR Airports

Dec 21, 2023

Include gender view in voluntary sustainability standards: Sirohi

Advancing the Role of Women in Agriculture Supply Chain

Dec 21, 2023

CDC Takes Centre Stage In Dubai At Cop28

This year, the conference convened over 70,000 participants, including heads of state, government officials, industry leaders, academics, and representatives from across the world at Expo City Dubai

Dec 21, 2023

India’s DPI, Strong Govt Infra Program Will Sustain Growth: IMF

India's growth is expected to remain strong, supported by macroeconomic and financial stability. Real GDP is projected to grow at 6.3% in FY2023/24 and FY2024/25

Dec 20, 2023

Properties Of Rs2 Bn Attached In Financial Fraud

ED initiated investigation on the basis of the investors' complaints lodged before the Economic Offences Wing (EOW), Madurai against Neomax Properties

Dec 18, 2023

Push for MSMEs required in global value chain system: Vimala

Sudhir Panikassery: Long-term benefits for MSMEs might come from utilizing digital transactions and a simple procurement process

Dec 15, 2023

Atal Pension Yojana Enrolments Cross 6 Cr Mark

The feat of bringing in the most vulnerable sections of society under the coverage of pension has been made possible with the untiring efforts of all banks

Dec 13, 2023

U.S. Consulate General Mumbai Sets New Record For Visitor Visas

So far in 2023, the U.S. Mission to India has processed over 1.2 million non-immigrant visas, of which U.S. Consulate General Mumbai processed more than 400,000– an all-time record

Dec 09, 2023

Properties Of EX VC Of Magadh University Provisionally Attached In DA Case

ED initiated investigation on the basis of FIR registered by Special Vigilance Unit (SVU), Patna

Dec 06, 2023

7 Years RI To Officials Of SAIL, SBI In Bank Fraud

The Special Judge, CBI Cases, Mohali (Punjab) has convicted Shankar Batra, then Manager, SAIL; Ashwini Oberoi, then Senior Assistant/Cashier, SAIL & Buta Ram Ghai, then Assistant, SBI

Dec 06, 2023

UCO IMPS TXNs of Rs8.20 Bn: CBI Files FIR

CBI Conducts Searches At Around 13 Locations In West Bengal & Karnataka: Electronic evidence including mobile phones, laptops, computer systems, email archives, and debit/credit cards recovered

Dec 05, 2023

Gateway Office Parks’ employee siphoned of Rs 1.29 Bn: ED searched 14 locations

ED's search operations in Chennai, Mumbai

Dec 05, 2023

Loan Aggregators’ 6 Locations Searched: Fraud Under KCCs Probed

ED initiated investigation on the basis of FIR registered by CBI, ACB, Visakhapatnam under various sections of the Indian Penal Code, 1860 and Prevention of Corruption Act, 1988 alleging large-scale fraud at IDBI Bank, Rajahmundry Branch

Dec 02, 2023

Ex Chairman of J&K SCB arrested: Fraudulent Loan of Rs2.50 Bn

During the course of search operations, several incriminating documents, property documents, including digital devices, have been recovered and seized

Dec 01, 2023

CFLI India’s climate finance solutions with potential to mobilize over US$6.5 billion

Over the next decade, these solutions will help mobilize private capital towards the US$10.1 trillion needed to meet India's net-zero target by 2070

Dec 01, 2023

Global alliance will accelerate innovation for sustainable economies

German Agency for International Cooperation (GiZ), Organization for Economic Cooperation and Development (OECD), United Nations Research Institute for Social Development (UNRISD), Impact Hub and Fourth Sector Group collaborated in organizing the Summit

Nov 30, 2023

Net Zero target: Funding Needed For Tech Deployment At Scale

Investment, collaboration and robust R&D-translation ecosystem can create impact at National level in CCUS towards India's Net Zero target by 2070: Experts

Nov 29, 2023

WGC and DMCC Collaborate to Combat Illicit Hand-Carried Gold Trade

Together, the two organisations will convene a group of industry stakeholders to identify the key challenges on both legitimate and illegal aspects of hand-carried gold

Nov 24, 2023

Former President Of A Co-Operative Bank Arrested

The Court has granted ED custody for 3 days

Nov 24, 2023

Rs15 Bn Provided For CM Health At Doorstep Scheme

State government is working on a roadmap to make healthcare accessible, accountable and affordable

Nov 23, 2023

IN-SPACe Approves Eutelsat Oneweb For Satellite Broadband Services

Oneweb has obtained in principle approval to establish and operate two gateways in Gujarat and Tamil Nadu, which would secure the provision of vital high-speed, low-latency internet connectivity to customers across India, once services are rolled out

Nov 22, 2023

ED’s notice of Rs93.62 Bn to Byju for Forex Violation

M/s Think and Learn stated to have made significant foreign remittances outside India and investments abroad, which were allegedly in contravention of provisions of FEMA, 1999 and caused loss of revenue to the Government of India

Nov 21, 2023

Seizures over Rs17.60 bn reported in 5 poll going states

Election Seizure Management System (ESMS) facilitating coordination amongst enforcement agencies

Nov 20, 2023

200 GI products exhibited in IITF

Over 600 artisans from 28 States and Union Territories participating in GI Pavilion

Nov 16, 2023

Repayment of 8.30% FERT CO GOI SPL BOND 2023

No interest will accrue thereon from December 07, 2023

Nov 15, 2023

NHA- IRDAI To Operationalize Digital Health Claims Platform

Hospital/claim management systems (HMIS) of Jupiter Hospitals, Kauvery Hospitals, Akhil systems, Kare Expert, Fortis Hospitals, Narayana Hrudayalya and Vitraya Technologies were able to complete the M1 integration of Ayushman Bharat Digital Mission

Nov 14, 2023

‘AAINA Dashboard for Cities’ portal launched

Portal aims to create a robust database of key performance metrics of Urban Local Bodies (ULBs) across the country

Nov 13, 2023

Chairman of AHP Technologies Arrested in a bank fraud case

In this case, 9 searches had already been conducted by ED in Mumbai, Ahmedabad, Kandla and Pune

Nov 13, 2023

NHAI Accepts First Insurance Surety Bond

NHAI has been working closely with Highway Operators Association of India (HOAI), SBI General Insurance and AON India Insurance to implement this initiative

Nov 11, 2023

Former President Of A Coopertative Bank Arrested

ED initiated investigation on the basis of FIR registered by the Vigilance and Anti-Corruption Bureau (VACB), Wayanad, Kerala against the Governing Body members and bank officials

Nov 10, 2023

ED attaches properties worth Rs24.95 Cr of Pawan Munjal

The prosecution complaint alleges that Foreign Currency/ Foreign Exchange equivalent to Rs 54 Crore was illegally taken out of India

Nov 10, 2023

Gross Direct Tax collections up by 17.59% Y/y

Refunds amounting to Rs1.77 lakh crore issued up to 09.11.2023 for the current FY

Nov 10, 2023

CBI registers 2 cases against 10 public servants

THE accused include public servants of Central Railway and private persons; CBI conducted searches at around 8 places in & around Mumbai

Nov 09, 2023

Accessing global finance for green growth

The NITI Aayog's workshop aims to raise awareness of the significance of India's contribution to the agenda of reforming MDBs

Nov 09, 2023

1st INDUS-X Investors Meet held

INDUS-X Educational Series named Gurukul launched

Nov 09, 2023

DFC commits $0.5 Bn to port infra in Colombo

The investment demonstrates the United States' enduring commitment to Sri Lanka's economic growth and its regional economic integration, including with India

Nov 09, 2023

Global patenting records, fueled by Indian innovators

World Intellectual Property Indicators Report: Record 3.46 Mn Patent Applications Filed Worldwide in 2022

Nov 08, 2023

Need for a non-discriminatory and inclusive trading system: BVR

NITI Aayog CEO: India should integrate into global value chains and adapt swiftly to emerging trading systems

Nov 07, 2023

NMDC’s 1st Gold mine in Australia

The first ore for processing at Paddington Gold Mine is scheduled for CYQ1, 2024, and it is poised to become a significant contributor to India's gold production landscape

Nov 06, 2023

MEITY’s blocking orders against 22 illegal betting apps & websites

Action follows investigations conducted by the ED against illegal betting app syndicate and subsequent raids on Mahadev Book in Chhattisgarh

Nov 06, 2023

NITI Aayog’s workshop on transformative technology

Workshop is part of the series of G20 Feeder Thematic Workshops

Nov 04, 2023

Workshop on India-African Union collaboration being held on varied themes

First workshop in the G20 Feeder Thematic Workshops

Nov 01, 2023

ISA’s GSF to get $35 Mn

Government of India is considering a $25 Mn investment as capital contribution to the Global Solar Facility

Nov 01, 2023

2023 edition of Revenue Statistics in Africa released

The new report reveals that tax-to-GDP ratios remained below pre-pandemic levels in 17 of the 33 countries, covered by the report in 2021

Oct 31, 2023

22nd International Economic Forum on Africa to be held in Paris

The Forum hosts Europe's largest annual conversation on Africa's ongoing, formidable transformation

Oct 28, 2023

ITRs of individual taxpayers up by 90% 

During the current fiscal too, 7.41 crore returns have been filed for AY 2023-24 till date, including 53 lakh new first time filers

Oct 27, 2023

Fake GST ITC racket of Rs7.66 Cr busted; one Arrested

CGST officers are using data analysis and network analysis tools to identify and trace the potential fraudsters

Oct 23, 2023

Embezzlement of funds of NHAI: Rs1.26 Bn seized from accounts

Accused invested money into mutual funds.

Oct 19, 2023

ED conducts search & survey operations at 30 locations in Bhushan Steel case

Investigation in connection with a bank fraud of Rs 56,000 Crore

Oct 17, 2023

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