New Delhi, April 17 (IANS) Aam Aadmi Party’s (AAP) Rajya Sabha member, Raghav Chadha, on Friday greeted Harivansh on beginning his third term as the Deputy Chairman of the Upper House. “As the recently removed Deputy Leader of the Aam Aadmi Party, I thank you for giving me the opportunity to speak and to congratulate Harivansh Ji on beginning his third innings as the Deputy Chairman of the Rajya Sabha,” Chadha said.”In his previous term, my personal equation with Harivansh Ji was ‘khatta-meetha’…
Latest FEMA News & Updates
New Delhi, April 17 (IANS) Aam Aadmi Party National Convenor, Arvind Kejriwal, on Friday said that this was the second Enforcement Directorate (ED) raid on an AAP leader’s premises within just three days, raising questions over the intent behind such actions. He also asked how much ‘black money’ had been recovered in the raids by the central agency. Former Delhi Chief Minister, Arvind Kejriwal, took to social media ‘X’ and said, “This is the second ED raid on an Aam Aadmi Party leader’s premis…
New Delhi, April 2 (IANS) The Reserve Bank of India (RBI) has issued a compounding order on February 20 this year under Section 15 of the Foreign Exchange Management Act (FEMA), 1999, in the Rs 4.1 crore case filed against Vikram Mundlur, which has resulted in the termination of adjudication proceedings against him for contraventions of provisions of FEMA, 1999. The order has been passed by the RBI after issuance of a “no objection” statement by the Enforcement Directorate (ED) which was investi…
New Delhi, March 12 (IANS) The Reserve Bank of India (RBI) issued a compounding order, on February 10, under the Foreign Exchange Management Act, 1999 (FEMA), in the case of Metrocorp Infrastructure Limited, which has resulted in termination of adjudication proceedings against the company for contraventions of provisions of the law, according to an official statement issued on Thursday.The order has been passed by the RBI after issuance of “No Objection” by the Directorate of Enforcement (ED).Th…
Ahmedabad, Feb 25 (IANS) The Enforcement Directorate’s (ED) Ahmedabad Zonal unit conducted searches at nine locations in Ahmedabad on Wednesday, targeting the premises of Anas Group and its associated partners, officials said. The group is involved in the processing, packaging, and manufacturing of tobacco products under the brand names “Amber Tobacco”, “Umda Tobacco”, and “Sama Filter Khaini”.The action was taken under the provisions of the Foreign Exchange Management Act (FEMA), …
New Delhi, Feb 16 (IANS) An Adjudicating Authority under the Foreign Exchange Management Act, 1999 (FEMA) on Monday slapped a penalty of Rs 184 crore on controversial journalist and production company owner Prabir Purkayastha and his firm for violating FDI norms and illegal foreign inward remittances, an ED official said on Monday.The Adjudicating Authority imposed a penalty of Rs 120 crore on PPK Newsclick Studio Pvt Ltd and Rs 64 crore on Purkayastha, director of the company, said a statement …
Chandigarh, Feb 12 (IANS) The Enforcement Directorate has summoned BJP leader and former Punjab Chief Minister Capt Amarinder Singh and his son Raninder Singh in connection with a Foreign Exchange Management Act (FEMA) violation case of 2016. The father-son duo has been accused of being the beneficiaries of certain foreign assets, including a Swiss bank account.While Capt Amarinder Singh has been asked to appear before the ED at its Jalandhar office on Thursday, his son will be appearing on Thur…
Washington, Feb 9 (IANS) A sharp political standoff over immigration enforcement and election rules is intensifying in Washington, with House Democratic Leader Hakeem Jeffries warning that aggressive federal actions could undermine civil liberties and democratic norms as the United States heads toward the November elections.Appearing on CNN’s State of the Union, Jeffries said Democrats will not support funding for the Department of Homeland Security unless Republicans agree to sweeping reforms…
New Delhi, Feb 4 (IANS) The Directorate of Enforcement’s (ED) Delhi office has conducted searches under the provisions of the Foreign Exchange Management Act (FEMA) at multiple premises in the national capital following intelligence inputs that certain high net worth individuals (HNIs), who are resident in India, had made overseas investments — primarily in Dubai — through funds allegedly routed via hawala channels, an official statement said on Wednesday.According to the ED, the searches led …
Washington, Jan 29 (IANS) A bitter fight over funding for the Department of Homeland Security escalated in the US Senate, with Republicans warning of a possible government shutdown and Democrats demanding changes to rein in immigration enforcement agencies after recent fatal incidents.Senate Majority Leader John Thune on Wednesday (local time) said Republicans were ready to pass a six-bill spending package already approved by the House with broad bipartisan support. He said Democrats were blocki…