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 …
Latest Punjab National Bank News & Updates
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…
Indore, March 25 (IANS) The Enforcement Directorate (ED)’s Indore Sub-Zonal Office has provisionally attached three immovable properties valued at around Rs 4 crore under the Prevention of Money Laundering Act (PMLA), 2002, in connection with a significant bank fraud case. The attached assets are agricultural lands located in Dhar and Khargone districts of Madhya Pradesh. The action targets Ram Patidar, proprietor of M/s Narmada Sheit Grih based in Dhar. The ED launched its probe following an FI…
New Delhi, March 20 (IANS) Reliance Group chairman Anil Ambani was interrogated by the CBI here for seven hours on Friday for the second day in a row in connection with the alleged Rs 2,929.05 crore SBI fraud case. The CBI had registered an FIR on August 21, 2025, following a complaint filed by SBI over allegations of fraud to the tune of Rs 2,929.05 crore on the public sector bank, in which Reliance Communications Limited, Anil D. Ambani and others, including unknown public servants, are accuse…
New Delhi, March 19 (IANS) The CBI on Thursday interrogated Amit Dangi, a top executive of Authum Investment & Infrastructure Ltd, in connection with the Rs 57.47 crore bank fraud case involving Reliance Commercial Finance Ltd.Dangi is a whole-time director at Authum Investment & Infrastructure Ltd., which has taken over the assets of Reliance Commercial Finance Ltd and Reliance Home Finance Ltd, which are under investigation.The CBI had summoned Amit Dangi for interrogation on Thursday …
Surat, Feb 24 (IANS) Look-out circulars have been issued against four members of the Gajera family in Surat, Gujarat, in connection with an alleged Rs 1,928.39 crore fraud, while investigators simultaneously probe suspected financial links between their business interests and fugitive diamantaire Mehul Choksi.The circulars were issued against Vasant, Chuni, Ashok and Bakul Gajera, along with their nephew Rakesh Gajera and two associates, after police teams were unable to trace them at their resi…
New Delhi, Feb 15 (IANS) Union Home Minister Amit Shah will inaugurate India’s first Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS) on Sunday at the Mahatma Mandir in Gujarat’s Gandhinagar.The initiative, undertaken by the Gujarat Food, Civil Supplies and Consumer Affairs Department, introduces subsidy transfers through the Reserve Bank of India-authorised CBDC platform.The system has been developed by the Punjab National Bank and will provide beneficiaries with digi…
Gandhinagar, Feb 13 (IANS) Union Home Minister Amit Shah will inaugurate India’s first Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS) on Sunday at the Mahatma Mandir in Gujarat’s Gandhinagar, government officials said on Friday. The initiative, undertaken by the Gujarat Food, Civil Supplies and Consumer Affairs Department, introduces subsidy transfers through the Reserve Bank of India-authorised CBDC platform.The system has been developed by the Punjab National Bank …
Lucknow, Feb 12 (IANS) The Enforcement Directorate (ED) searched two premises in Uttar Pradesh and seized records of 17 immovable properties valued Rs 20 crore and linked to a former primary teacher in a Madrasa, who acquired UK citizenship in 2013, an official said on Thursday. The ED’s Lucknow Zonal Office, conducted search operations on Wednesday under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with a fraud case against Maulana Shamsul Huda Khan and o…
Jaipur, Feb 6 (IANS) Rajasthan Police have arrested Amit Jangid, the main accused in the Rs 6.50 crore gold loan scam at the Punjab National Bank (PNB) Nawalgarh branch in Jhunjhunu district. Jangid, who was serving as the bank manager at the time of the fraud, was apprehended near Mathura railway station in Uttar Pradesh.According to police, the accused also attempted to flee from custody, but the police team chased and detained him before he could escape.The case came to light on February 3, f…