Foreign Exchange Department
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Indian Online Gaming Firms Planning to Relocate Could Violate Laws: Official
Indian online gaming firms planning to relocate overseas to avoid a new 28 percent tax on the sector run the risk of violating the country's foreign exchange laws, Vivek Johri, head of the indirect taxes' department, said on Thursday. New Delhi does not plan to implement the tax retrospectively, he said, in response to speculation it could do so.
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Couple Arrested For Selling Information On US Nuclear Warship
A US couple has been arrested in the state of West Virginia for allegedly selling information on nuclear warships to what they believed was a foreign state, the Justice Department said Sunday.
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Rule To Limit Stay Of Foreign Students Proposed In US
The US Department of Homeland Security (DHS) on Thursday announced a proposed rule to fix the period of stay for international students, exchange visitors and foreign journalists to "encourage program compliance and enhance national security."
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Indian-origin Man Convicted For Price Fixing In US Foreign Exchange Market
An Indian-origin former currency trader was convicted for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies in the global foreign currency exchange market (FX), the Justice Department announced.
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Income Tax Notice To Election Commissioner Ashok Lavasa's Wife
A notice has been sent to Election Commissioner Ashok Lavasa's wife Novel S Lavasa for discrepancies in income tax filings, sources told NDTV. The Income Tax department has sought information "related to foreign exchange", the sources said.
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How Watchdogs Failed To Spot The $2 Billion PNB Fraud
Gokulnath Shetty, a middle-aged bank manager of middling rank, spent his days in the foreign exchange department on the mezzanine floor of Punjab National Bank's Brady House branch in Mumbai. It was there, past the loan desk and up a flight of stairs, that the Central Bureau of Investigation (CBI) say Shetty hatched India's largest-ever bank fraud,...
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Notable Rise In Foreign Exchange Purchase By India: US
There has been a notable rise in India's net foreign exchange purchases, the US Department of Treasury has said in its report on forex policies of its major trading partners. In the report given to the US Congress, the department said it will closely track India's foreign exchange and macroeconomic policies
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Over Rs 1,000 Crore Hawala Racket Unearthed In Vishakhapatnam
The Income Tax department has unearthed a hawala racket of over Rs 1,000 crore in which about a dozen shell companies from Vishakhapatnam and few other cities indulged in illegal foreign exchange dealings.
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67 Forex Dealers Swapping Old Rs 500, 1,000 Notes Under Watch
Widening the probe into illegal money changers, the Enforcement Directorate is keeping track of as many as 67 forex dealers across the country to look into foreign exchange violations and money laundering after the government scrapped old 500 and 1,000 rupee notes.
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After Boston bombings, US stops entry for foreigners without valid student visa
The Homeland Security Department ordered its border agents "effective immediately" to verify that every international student who arrives in the US has a valid student visa, according to an internal memorandum obtained Friday by The Associated Press. The new procedure is the government's first security change directly related to the Boston bombings...
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Indian Online Gaming Firms Planning to Relocate Could Violate Laws: Official
Indian online gaming firms planning to relocate overseas to avoid a new 28 percent tax on the sector run the risk of violating the country's foreign exchange laws, Vivek Johri, head of the indirect taxes' department, said on Thursday. New Delhi does not plan to implement the tax retrospectively, he said, in response to speculation it could do so.
-
Couple Arrested For Selling Information On US Nuclear Warship
A US couple has been arrested in the state of West Virginia for allegedly selling information on nuclear warships to what they believed was a foreign state, the Justice Department said Sunday.
-
Rule To Limit Stay Of Foreign Students Proposed In US
The US Department of Homeland Security (DHS) on Thursday announced a proposed rule to fix the period of stay for international students, exchange visitors and foreign journalists to "encourage program compliance and enhance national security."
-
Indian-origin Man Convicted For Price Fixing In US Foreign Exchange Market
An Indian-origin former currency trader was convicted for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies in the global foreign currency exchange market (FX), the Justice Department announced.
-
Income Tax Notice To Election Commissioner Ashok Lavasa's Wife
A notice has been sent to Election Commissioner Ashok Lavasa's wife Novel S Lavasa for discrepancies in income tax filings, sources told NDTV. The Income Tax department has sought information "related to foreign exchange", the sources said.
-
How Watchdogs Failed To Spot The $2 Billion PNB Fraud
Gokulnath Shetty, a middle-aged bank manager of middling rank, spent his days in the foreign exchange department on the mezzanine floor of Punjab National Bank's Brady House branch in Mumbai. It was there, past the loan desk and up a flight of stairs, that the Central Bureau of Investigation (CBI) say Shetty hatched India's largest-ever bank fraud,...
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Notable Rise In Foreign Exchange Purchase By India: US
There has been a notable rise in India's net foreign exchange purchases, the US Department of Treasury has said in its report on forex policies of its major trading partners. In the report given to the US Congress, the department said it will closely track India's foreign exchange and macroeconomic policies
-
Over Rs 1,000 Crore Hawala Racket Unearthed In Vishakhapatnam
The Income Tax department has unearthed a hawala racket of over Rs 1,000 crore in which about a dozen shell companies from Vishakhapatnam and few other cities indulged in illegal foreign exchange dealings.
-
67 Forex Dealers Swapping Old Rs 500, 1,000 Notes Under Watch
Widening the probe into illegal money changers, the Enforcement Directorate is keeping track of as many as 67 forex dealers across the country to look into foreign exchange violations and money laundering after the government scrapped old 500 and 1,000 rupee notes.
-
After Boston bombings, US stops entry for foreigners without valid student visa
The Homeland Security Department ordered its border agents "effective immediately" to verify that every international student who arrives in the US has a valid student visa, according to an internal memorandum obtained Friday by The Associated Press. The new procedure is the government's first security change directly related to the Boston bombings...
