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Tuesday, August 5, 2025
TopicFEMA

Topic: FEMA

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.

ED raids premises of Congress’ Telangana candidate Vivek Venkatswamy in FEMA case probe

With declared assets worth over Rs 600 crore, Vivek is the richest politician contesting the November 30 assembly polls in Telangana.

On Camera

Where is Skill India money going? It’s a Rs 48,000 crore mystery

All industries are still facing an acute shortage of skilled manpower despite thousands of crores spent on skilling schemes.

BJP MPs go full throttle against Trump even as govt hails enduring India-US ties amid tariff tension

New Delhi: While the Indian government has made a measured response to the 25 percent trade tariff imposed by Donald Trump, many in the BJP...

Trump feared India could arm BrahMos with nuclear warhead to target Pakistan in Op Sindoor—WSJ report

New Delhi: During Operation Sindoor, the United States which had received intelligence suggesting that India had launched BrahMos cruise missiles to strike targets inside...

Pakistan, Dhaka have played Washington well. Back home, Modi ecosystem has an inner conflict

To protect ourselves from Trumpian diplomacy, first we must introspect the bipolarity within our establishment discourse.