The complaint was filed with Umra Police Station.
When contacted, Ajay Devgan told The Indian Express, “This company was set up with RBI guidelines for overseas direct investment route. Proper disclosures have been made by my family in the tax returns as required by law.”
Offshore account holders claimed NRI status, bought entities from Mossack Fonseca for a few dollars.
With a ‘moveable asset registry’ and a system of professional credit advisors, the government is planning to ease the constraints which are limiting fund flow to the cash-strapped sector.
Once fully implemented, the code would seek to speed up debt recoveries and restructurings by setting a deadline of 180 days to decide the fate of a company that defaults.
It is the clearest sign, perhaps, of the pressure on household incomes today.
The bank’s business is projected to increase four-fold from Rs 3,000 crore as on March 31, 2016 to Rs 12,000 crore and branch network to 216 by March 2021.
A bench led by Chief Justice T S Thakur said that a “sensible and sensitive” approach is required to overhaul the entire system, which today has scores of people and entities with outstanding to the tunes of crore of rupees.
P2P lending is the practice of lending money to individuals or businesses through online services that match lenders directly with borrowers.
The latest available public figures, published by RBI on its website under the RTI Act, are for the period of June-July 2015 and it could not be ascertained whether these three persons are still with the RBI.
Now that the new GDP data have implicitly received the RBI good housekeeping seal of approval, perhaps we can all move on to more challenging appraisals of the Indian economy
Commerce Minister Nirmala Sitharaman too had not taken Raghuram Rajan’s remarks lightly, saying better words should have been used
The figures released by the RBI shows that outward remittances under the Liberalised Remittances Scheme (LRS) have surged by close to 200 per cent over last year.
The central bank said in a notification that immediately upon a fraud being detected, capital charge for credit risk can be adjusted.
The RBI had told banks to set aside 15% as provisions when it was discovered that the Punjab govt warehouses did not have enough foodgrain stocks to cover the loan amount.