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Saturday, November 1, 2025
TopicFEMA

Topic: FEMA

Foreign asset files: How Amarinder & son’s setback in HC could put a ‘frozen’ FEMA probe in motion

Punjab & Haryana HC rejected Amarinder & Raninder’s plea against ED file inspection, saying that only I-T dept, which obtained the files, can object under Indo-French treaty.

ED files FEMA case against Myntra & its directors for ‘Rs 1,654 crore FDI violation’

Inquiry revealed Myntra Designs Pvt Ltd allegedly received Rs 1,654 cr funding through FDI in Wholesale Cash & Carry category but was doing business in Multi Brand Retail Trade category.

Trump visits Texas flood zone, defends government’s disaster response

During his visit, Trump avoided questions on plans to shrink Federal Emergency Management Agency, as pressure grows over whether more could’ve been done before the July 4 floods.

ED director concedes PMLA cases piling up for yrs, weeks after CBI chief made similar admission

Rahul Navin's statement comes a month after CBI boss Praveen Sood said that agency should not take pride in only registration of cases when it has been faulted for delays & pendency.

FEMA violations probe into entities linked to Soros’s OSF: Here are 3 companies under ED scanner

Three Indian companies allegedly received Rs 25 crore from US billionaire Soros-backed investment fund, violating Indian foreign funding regulations, it is learnt.

Inside ED raids on entities linked to Soros’s OSF—‘funds routed via shell companies to bypass FCRA’

Raids part of FEMA probe. Any funds transferred by donors to US billionaire Soros-backed Open Society Foundations requires clearance from home ministry before disbursal, it is learnt.

Vantalu cancels fugitive Lalit Modi’s passport days after ex-IPL chief requested citizenship

The cancellation of the passport was based on reports in the international media which suggested that Lalit Modi was avoiding extradition to India.

ED fines BBC World Service India Rs 3.44 crore for FEMA violations, penalises 3 directors too

ED’s FEMA case came after an Income Tax Department survey of the BBC’s offices in New Delhi and Mumbai in February 2023 found violations.

Synthetic diamonds, shell companies, overvalued jewellery — how money is laundered in diamond trade

Modus operandi employed by diamond jewellery businesses to launder money involves import of cheap, synthetic diamonds that are usually overvalued by over 100 times, it is learnt.

ED summons former Trinamool MP Mahua Moitra in FEMA case on February 19

The TMC leader is being investigated under the Foreign Exchange Management Act for allegedly compromising national security for monetary gains.

On Camera

Game on in Gujarat — Ahmedabad is building India’s new sports economy

The massive success of the IPL is a watershed moment in Indian sports. It proved that sports could be an incredibly profitable commercial venture. The glamour, the glitz, and the spectacle of it didn’t go unnoticed.

Consumer Price Index gets up to date. Airfare, OTT plans, e-commerce prices in new basket—MoSPI secy

New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.

Joint production, closer ties, emerging tech: The foundation of new defence pact between India & US

The agreement, signed after meeting between Rajnath and US Secretary of War Pete Hegseth on sidelines of ADMM-Plus in Kuala Lumpur, aims to deepen bilateral ties in the critical sector.

Trump’s trade wars have rewritten powerplay, but India didn’t get the memo

This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.