New Delhi, April 28 (IANS) The Enforcement Directorate (ED) has attached another set of assets valued at Rs 3,034.90 crore in the Reliance Communications (RCom) Ltd bank fraud case, bringing the total attachment in Reliance Anil Ambani Group cases to over Rs 19,344 crore, according to an agency statement issued on Tuesday.The special investigation team (SIT) constituted on the directions of the Supreme Court is investigating the Reliance Anil Ambani Group (RAAG) cases involving diversion and lau…
Latest Punjab National Bank News & Updates
New Delhi, April 28 (IANS) The Enforcement Directorate (ED) has attached another set of assets valued at Rs 3,034.90 crore in the Reliance Communications (RCom) Ltd bank fraud case, bringing the total attachment in Reliance Anil Ambani Group cases to over Rs 19,344 crore, according to an agency statement issued on Tuesday.The special investigation team (SIT) constituted on the directions of the Supreme Court is investigating the Reliance Anil Ambani Group (RAAG) cases involving diversion and lau…
New Delhi, April 27 (IANS) Sanjay Malhotra, Governor of the Reserve Bank of India, on Monday visited a financial literacy camp organised by the CRISIL Foundation at its Centre for Financial Literacy (CFL) in Sahaspur, Dehradun district.The camp was conducted for members of self-help groups from the gram panchayats of Bhopalpani, Badasi and Soda Sarauli.During his visit, Malhotra emphasised the importance of financial literacy in empowering citizens and strengthening long-term financial stability…
Agartala, April 26 (IANS) Prime Minister Narendra Modi on Sunday highlighted the work of a small cottage industry run by entrepreneur Pradeep Chakraborty in Tripura during his monthly radio programme ‘Mann Ki Baat’, bringing national attention to grassroots enterprise and women-led livelihoods in the northeastern state.Pradeep Chakraborty, who operates a “community production centre” in East Charakbai village under the Shantir Bazar subdivision in South Tripura district, expressed pride and grat…
New Delhi, April 17 (IANS) The Union Government on Friday allowed 15 major banks, including State Bank of India, HDFC Bank, and ICICI Bank, to import gold and silver from April 1, 2026, to March 31, 2029. The Union Bank of India and Sberbank have been authorised to import only gold during this period.The notification has been issued by the Directorate General of Foreign Trade (DGFT).The move is part of the government’s ongoing effort to streamline bullion imports and ensure they are routed thr…
Jammu, April 15 (IANS) Registration for this year’s Amarnath Yatra started on Wednesday as pilgrims rushed to various registration counters in large numbers. Devotees thronged registration counters as both online and offline registration began. The advance registration is open in both modes.The 57-day pilgrimage will commence from the twin tracks, the traditional 42-km-long Pahalgam route in Anantnag and the 14-km shorter, but tougher Baltal route in Ganderbal district.Devotees using …
Ahmedabad/Surat, April 10 (IANS) A special Central Bureau of Investigation (CBI) court in Ahmedabad on Friday convicted and sentenced three retired officials of Punjab National Bank (PNB), along with five private individuals and a company, in a bank fraud case. The case involved the sanctioning of credit facilities on the basis of forged documents, resulting in a loss of Rs 156.98 lakh (approximately Rs 1.57 crore) plus interest to the bank.The convicted bank officials are Gurinder Singh, then A…
New Delhi, March 30 (IANS) The Enforcement Directorate has investigated 1,105 bank fraud cases under the Prevention of Money Laundering Act (PMLA) and has attached proceeds of crime worth Rs 64,920 crore, Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday. She also said that action had been taken under the Fugitive Economic Offenders Act (FEOA) against those evading Indian law by staying abroad.This was a reference to high-profile cases such as the Nirav Modi case, including …
New Delhi, March 27 (IANS) India will see a slew of financial and regulatory changes with the beginning of the new fiscal year on April 1, 2026, affecting taxes, fuel, banking and rail travel.The Income Tax Act 2025 will replace the Income Tax Act 1961, simplifying terminology by using the word “Tax Year” instead of erstwhile confusing words ‘Assessment Year’ (AY) and ‘Previous Year’ (PY).Under the new tax regime individuals earning up to Rs 12 lakh annually will pay zero tax due to …
New Delhi/London, March 26 (IANS) Fugitive diamond merchant Nirav Modi suffered a setback after the High Court of Justice, King’s Bench Division in London, rejected his petition seeking to reopen proceedings against his extradition order to India.The case was argued by the Crown Prosecution Service advocate, assisted by a dedicated team from the Central Bureau of Investigation, which included investigating officers who had travelled to London to support the hearing.The application to reopen th…