Finance

ED has arrested Sanjay Raghunath Aggarwal under PMLA, 2002 in the case of fraudulent GDR (Global Depository Receipt) issue of a Hyderabad based firm M/s Farmax India Ltd. Directorate of Enforcement (E...

International Financial Services Centres Authority Press Release Committee of Experts on Sustainable Finance submits report to IFSCA A ‘Committee of Experts on Sustainable Finance’, constituted by Int...

The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 2nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a pers...

In the operation of Senior Citizens’ Savings Scheme (SCSS), it has been noticed in few cases on the death of the account holder, operating agencies are closing the SCSS account by treating it as prema...

Finance Minister Smt. Nirmala Sitharaman chairs meeting on Illegal Loan Apps. Multiple steps outlined to prevent operations of such Illegal Loan Apps. Union Minister for Finance & Corporate Affairs Sm...

Directorate of Enforcement ED has been carrying out search operations under the provisions of the PMLA, 2002 on 02.09.2022 at 06 premises in Bengaluru, in respect to an investigation relating to the C...

ED searches the Director of WazirX Crypto-Currency Exchange & freezes its Bank assets worth Rs 64.67 Crore for assisting accused Instant Loan APP Companies in laundering of fraud money via purchase &...

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES LOK SABHA UNSTARRED QUESTION NO.3629 TO BE ANSWERED ON Monday, August, 8, 2022 Re-sealing of Property by Banks 3629. SHRI GOPAL...

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES LOK SABHA UNSTARRED QUESTION NO. 3615 ANSWERED ON MONDAY, 8th AUGUST, 2022/ SRAVANA 17, 1943 (SAKA) PONZI SCHEMES 3615: SHRI RA...

ED searches the Director of WazirX Crypto-Currency Exchange & freezes its Bank assets worth Rs 64.67 Crore for assisting accused Instant Loan APP Companies in laundering of fraud money via purchase &...

Russia-Ukraine conflict, soaring crude oil prices and tightening of global financial conditions are major reasons for weakening of Indian Rupee against the US Dollar While the Indian Rupee has weakene...

ED has conducted searches at 8 locations in Sikkim, Kolkata, Delhi and Mumbai in the Sikkim MCX Fraud case. A total amount of Rs 4.65 Crore was frozen from the bank accounts of brokers that correspond...

Check Out the Recent Changes in PF, GST Post Office, and Banking Rules That Can Affect You Directly With the beginning of the new financial year, many big and important announcements related to ITR ha...

Enforcement Directorate Press Release 07.07.2022 Note on searches by ED at Vivo India, GPICPL and Others ED has carried out searches at 48 locations across the country belonging to VIVO Mobiles India...

Enforcement Directorate Press Release 07.07.2022 Note on searches by ED at Vivo India, GPICPL and Others ED has carried out searches at 48 locations across the country belonging to VIVO Mobiles India...

ED has provisionally attached 16 immovable properties worth Rs. 137.60 Crore, in the case of Dreamz Infra India Ltd. and others, under PMLA, 2002 Press Release 04.07.2022 Directorate of Enforcement (E...

Strategic Disinvestment of Neelachal Ispat Nigam Limited (NINL) completed Tata Steel Long Products Limited takes over NINL Neelachal Ispat Nigam Limited (NINL) is a Joint Venture of 4 CPSEs, namely MM...

International Financial Services Centres Authority Press Release Invitation for public comments on draft International Financial Services Centres Authority (Setting up and Operation of International B...

Measures to reduce cost of doing business for Telecom Service Providers 5G services to be rolled out soon – about 10 times faster than 4G Over 72 GHz of Spectrum to be auctioned for a period of 20 yea...

The IFSCA Banking Handbook- Prudential Directions | 07/06/2022 1. Introduction and Applicability i. These prudential rules apply to IBUs established and operating in IFSC as branches, of Banking Compa...