Micro-loan case: FEMA authority confirms seizure of ₹288 cr. by ED
The Hindu
ED takes action against Chinese-owned PC Financial Services Private Limited
The competent authority under the Foreign Exchange Management Act (FEMA) has confirmed the seizure of ₹288 crore made by the Enforcement Directorate (ED) against Chinese-owned PC Financial Services Private Limited.
The ED seized the balance in bank and Payment Gateway funds worth the money through three seizure orders issued last year.
The action was taken as a part of a probe against several non-banking financial companies (NBFCs) and Fintech companies, which were providing online instant micro-loans using mobile apps.
Ladakh faces job vacancies, protests, and budget cuts, with focus on infrastructure and renewable energy projects.
State Horticulture Mission’s ‘Arka Vertical Gardens’ project was launched in 2022
Emphasizing safety in rock blasting operations, RISE-25 workshop focuses on innovations for efficiency and sustainability in NITK-Surathkal.
Kanniyakumari district's Biodiversity Museum & Conservation Centre at Keeriparai offers immersive experience of western ghats biodiversity & culture.
Chief Minister Nara Chandrababu Naidu aims to transform Tirupati into a sports, cultural, and tourism hub, with ongoing development projects.
Union Law Minister honors tavil exponent P. Datchanamoorthy in Puducherry, reciting religious couplets at private event.
CCTV surveillance and webcasting for SSLC exams in Mandya; 20,469 students to appear, strict measures in place.
Delegation from Maharashtra, MP visit FLO Industrial Park near Hyderabad
Chennai CMWSSB to implement Ring Main Pipeline Project for equitable water distribution, funded by State government.
Centre sanctions 116 new tourist destinations across India, focusing on sustainable development, infrastructure, and skill training initiatives.
Union Minister Bandi Sanjay Kumar emphasizes unity and togetherness through the vibrant colors of Holi festival celebrations.
Forest Department searches for carnivore that killed woman in Arakadu village, suspecting leopard involvement based on evidence found.
Silladi Beach development project in Nagore nearing completion with infrastructure improvements to boost tourism and economy.