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Thursday, January 8, 2026
TopicForeign Exchange Management Act

Topic: Foreign Exchange Management Act

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.

ED raids Empuraan co-producer’s chit fund firm to probe alleged FEMA violations worth Rs 1,000 cr

The agency is also 'examining' multiple cases of cheating & forgery filed against the Chennai-based firm by various state police forces, it is learnt.

On Camera

MEA should stop living in dread of Trump. We’ve lived through Nixon before

Donald Trump seems to have rejected the old assumptions. He does not care that India is the world’s largest democracy. As for the Indian market, he wants access on his own terms.

500% tariffs ahead for India? Trump’s lined up a big bad Bill for countries buying Russian oil

Republican Senator Lindsey Graham says bill will be 'well-timed, as Ukraine is making concessions for peace and Putin is all talk, continuing to kill the innocent'.

India’s defence sky gets a solar boost: Army orders iDEX solar-electric drone 

Indian Army has inducted loitering munitions, kamikaze and surveillance drones for over Rs 5,000 crore post Operation Sindoor from various domestic firms.

A year-end Mea Culpa in National Interest—The Army-Islam combo doesn’t kill democracy

Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.