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Thursday, July 09, 2020



Now ED probes firm in which Election Commissioner Lavasa’s son is director

November 12, 2019 9:59 am

Saama Capital has invested in a number of start-ups in India including Paytm, ChaiPoint, Vistaar (NBFC), Snapdeal and SKS Microfinance. Abir is the director of Nourish Organic Foods Pvt Ltd since November 14, 2017.

ED slaps over Rs 229-crore FEMA show cause penalty against PwC

September 13, 2019 10:04 pm

The notice was issued under the Foreign Exchange Management Act (FEMA) after ED's Special Director (Eastern region) which is the adjudicating authority completed the probe, officials added.

Terror financing: ED slaps Rs 15 lakh penalty, confiscates Rs 7 lakh hawala money

March 29, 2019 1:31 pm

The penalty and confiscation action has been taken under the Foreign Exchange Management Act (FEMA) and three people - Mohd Ayub Mir, Bechh Raj Bengani and Harbans Singh - have been charged under it, the agency said in a statement.

Pacific island chain asks Donald Trump to declare emergency as Typhoon Mangkhut strikes

September 11, 2018 11:29 am

There were no immediate reports of casualties there, nor near Guam, where a US military spokesman said forces were ready to help local authorities and FEMA on the chain of 15 islands, located between Hawaii and the Philippines

String of Hawaii disasters gave FEMA head start on Hurricane Lane

August 24, 2018 11:06 am

FEMA is also following a revised play book in the aftermath of catastrophic damage and loss of life wreaked by Hurricane Maria last year in Puerto Rico and the U.S. Virgin Islands, according to FEMA chief Brock Long.

Fresh trouble for Kashmiri separatist Yasin Malik as ED issues FEMA notice

November 03, 2017 3:46 pm

The central probe agency has issued notice to the Jammu and Kashmir Liberation Front chief and a Srinagar-based couple under provisions of the Foreign Exchange Management Act, official sources said.

ED issues FEMA notice to LeT terrorist, hawala dealers

October 06, 2017 9:01 pm

Mohammed Ayub Mir and Harbans Singh were also convicted under POTA (Prevention of Terrorism Act) in 2004, the ED said, "Further adjudication proceedings against the suspects under FEMA will follow."

In the season of Panama Papers, recalling birth of FEMA and PMLA

April 05, 2017 6:07 pm

Although the RBI did some work on a potential new law, the move to review FERA was not pursued for a while, as the P V Narasimha Rao-led government went out of office in 1996.

NDTV gets ED notice for alleged FEMA violations

November 21, 2015 1:01 am

NDTV also said it has been advised that the allegations of the contraventions of FEMA norms in the showcause notice are not "legally tenable".

Black money: No action under FEMA for disclosures

October 01, 2015 4:09 pm

Last week, the Reserve Bank of India had said that no action under FEMA will be taken against declarations under one-time compliance window.