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.
Kolkata People's Film Festival showcases political documentaries and short fiction from South Asia, emphasizing curatorial freedom and audience interaction.
A 15-year-old study by UoH & WWF-India listed 455 species of flora and fauna in the university
IIT Guwahati Professor D. Udaya Kumar discusses Tamil Nadu's new rupee logo, designed by him, amid controversy.
V.D. Satheesan calls for restoration of SC/ST scholarships, addressing injustice at UDF convention with party leaders present.
UoH students stage day-long protest against the proposed auction at Kancha Gachibowli
Lt. Governor inaugurates Uppanaru Canal Bridge construction with Chief Minister, aiming to ease traffic congestion in Puducherry.
Retired judge-led commission investigates corruption allegations, submits detailed reports, and makes recommendations for government reforms.
Alexander Babu and TM Krishna engage in a lively conversation at The Hindu, blending humor, music, and philosophy.
Manakkad Juma Masjid and other religious institutions in Thiruvananthapuram provide facilities for Attukal Pongala devotees.
Alleged gate ramming at Ratnagiri mosque during Holi procession sparks controversy, refuted by police, AIMIM demands action.
Veterinary students in Vijayawada demand stipend hike, protesting since February 1 for fair compensation during internships.
Enforcement Directorate uncovers financial fraud involving distilleries and bottling companies, siphoning off over ₹1,000 crore in unaccounted-for cash.
Ranya Rao, caught smuggling gold at Kempegowda International Airport, claimed innocence, but agencies suspect syndicate involvement.