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Wednesday, December 17, 2025
TopicFEMA

Topic: FEMA

Amrapali Group violated forex laws, laundered funds worth over Rs 55 crore, finds ED

The ED found at least seven 'contraventions' under FEMA and wants JP Morgan, a US-based investment banking firm, to be legally directed to remit funds worth about Rs 140 crore.

Election Commissioner Ashok Lavasa’s son quits job over ED probe, wife to resign as well

Abir and Novel Lavasa are said to have taken the decisions in the ‘larger interest of the firms they serve’.

Turmoil in India’s audit sector as ‘lapses’ lead to crackdown on Big 4

With more cases of fraud and financial mismanagement coming to the fore over the last few years, audit firms have increasingly come under scrutiny.

Rahat Fateh Ali Khan issued show cause notice in foreign exchange violation case

In 2011, Pakistani singer Rahat Fateh Ali Khan and his manager were intercepted at the Delhi airport for allegedly carrying an undeclared amount of $1.24 lakh.

ED issues showcause notice to NDTV for ‘forex violations’ to the tune of Rs 4,000 crore

The ED showcause notice was issued to NDTV founders Prannoy Roy and Radhika Roy, and journalist Vikram Chandra, among few others.

Chhattisgarh officers bought forex through impersonation and fraud, says ED probe

Additional chief secretary M.K. Raut and OSD P.K. Janawade allegedly acquired $23,380 in the name of 23 persons most of whom didn't even travel with them.

Top Chhattisgarh bureaucrats under ED scanner, carried ‘illegal’ forex on Maldives holiday

ED issues show cause notice to Chhattisgarh addl chief secy M.K. Raut and OSD P.K. Janawade for acquiring foreign exchange worth $13,360 and $10,020...

On Camera

Who grounded IndiGo flights? They are the culprits, not DGCA

The IndiGo crisis is nothing short of a threat to India’s stability. Could it be an experiment? Can this happen in any other crucial sector like power or railways?

Steady growth rooted in ‘Dravidian model’. How Tamil Nadu more than doubled its GSDP in 10 yrs

RBI Handbook of Statistics shows state’s GSDP has more than doubled in past decade, finishing second behind Maharashtra. It has performed well across health & education parameters as well.

Israel has ‘realised who its real friend is’, eyes defence expansion in India amid arms curbs by others

It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.

India’s top airline just handed sarkar the keys. That’s IndiGo’s real ‘crime’

Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.