The PMLA, as enacted, bristles with arbitrariness bordering on absurdity. It can punish a money-laudering sex worker but cannot touch a billion-dollar hawala operator.
RBI said that cryptocurrencies are akin to a Ponzi scheme. Extending India's money laundering rules will help monitor transfer of these assets beyond country's borders.
The PMLA, as enacted, bristles with arbitrariness bordering on absurdity. It can punish a money-laudering sex worker but cannot touch a billion-dollar hawala operator.
In India, the crash involving the AN-32 transport aircraft marked the fourth major incident involving a military aircraft since the beginning of this year.
It’s a perfectly reasonable presumption that Modi will be around for a significant enough time for us to reflect on the challenges that lie ahead. I will list five.
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