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Monday, November 24, 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

New HAL CMD doesn’t have to be an ‘insider’. Let merit decide

India’s premier defence public sector undertaking, Hindustan Aeronautics Limited, will have a new Chairman and Managing Director in May 2026. The selection process has...

At Charcha 2025: Local entrepreneurship, not just big IT, will drive next wave of distributed AI work

While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.

US pilot says his team pulled out of Dubai Air Show after Tejas crash out of respect for IAF pilot

Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.

A tribute to Tejas. India’s delay culture is the real enemy in the skies

It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.