An Indian-origin economist in Singapore is threatening to take the Congress to court over a tweet it posted of party president Rahul Gandhi’s interaction at a university there.
Faced with continued evasion by Nirav Modi, prime accused in the Rs 12,400 crore PNB scam, enforcement directorate said on Thursday sovereign jurisdiction and regulations of different countries were behind delay in bringing him back to India.
Though no time limit could be given on Modi’s return, discussion were on with countries relevant on the process of deportation, sources said. They refused to comment on the query about current address of Modi, and added it would not be in the interest of the investigation.
The serious fraud investigation office (SFIO) on Thursday questioned debt-ridden Bhushan Steel’s chairman Brij Bhushan Singal about alleged siphoning of Rs 1,000 crore, a source said.
The agency, which comes under the corporate affairs ministry, has been probing allegations of fund diversions at the firm since last year.
According to the source, Singal was questioned by SFIO here in the matter related to alleged siphoning of huge amount of funds.
In a bid to provide relief to trade and businesses, the GST council at its meeting on Saturday may consider allowing them to file their returns in a simplified GSTR-3B form for another six months beyond March.
It will also discuss the proposal to merge 3 monthly return forms into one to simplify the process and reduce compliance burden. Among other proposals on the GST council agenda is to further delay rolling out the digital pass system for transporting goods for another few months and levying GST on concentrated form of alcohol.
The mutual fund industry, comprising 42 players, received higher inflows of Rs 16,268 crore in pure equity funds and lower inflows of Rs 5,026 crore in equity-oriented balanced funds in February, even as stock market indices fell sharply.
Data released by the Association of Mutual Funds in India (Amfi) shows February inflows were higher than the inflows of Rs 15,390 crore in pure equity funds in January. But the inflows to balanced funds were lower than the figure of Rs 7,665 crore in January.
In order to attract more foreign funds, markets regulator Sebi on Thursday decided to allocate a separate limit of Rs 5,000 crore to FPIs for taking long position in Interest Rate Futures (IRFs).
Currently, the foreign portfolio investor (FPI) limit for government securities is fungible between investments in securities and investment in bond futures.
The decision comes after Reserve Bank of India in August had proposed to institute a separate limit of Rs 5,000 crore for investment by FPIs in IRF.
The domestic market may remain volatile till a final picture of the MSCI stance on Indian equities emerge in May. New York-based MSCI Inc (formerly Morgan Stanley Capital International) will be rebalancing its global indices on May 14, the first after three Indian exchanges decided to end licensing agreements with overseas bourses.
Two TDP ministers in the BJP-led NDA government, Ashok Gajapathi Raju and YS Chowdary, submitted their resignations to prime minister Narendra Modi soon after he had a telephonic conversation with Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday evening. Raju later told reporters that his party will continue to part of the ruling alliance.
The CBI on Thursday moved the Supreme Court challenging the acquittal of dentist couple Rajesh and Nupur Talwar in the sensational 2008 twin murder case of their daughter Aarushi and domestic help Hemraj.
The government is likely to consider allocating more than Rs 2.11 lakh crore for bank recapitalisation programme.