Tuesday, March 25, 2025

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ED slaps ₹3.44 crore penalty on BBC India for FEMA violations with ₹5,000 fine per day, 3 directors fined ₹1.15 crore each

The Enforcement Directorate (ED) has imposed a penalty exceeding ₹3.44 crore on BBC World Service India for violations of Foreign Direct Investment (FDI) regulations under the Foreign Exchange Management Act (FEMA).

Following tax evasion and FDI questions, BBC transfers newsroom and publishing license in India to a new separate company established by its Indian staff

Notably, this marks the first instance of such a move in the public service broadcaster’s global operations. The development comes less than a year after the BBC faced scrutiny from Indian tax authorities for tax evasion.

Repeal of CAA, restoration of Article 370, restrictions on FDI, reservation in private sector and more: CPIM manifesto reveals the party’s dangerous agenda

CPIM has promised to undo legislations that have been historically used against terrorists and criminals of the highest order. This includes repeal of the UAPA and the NSA.

ED issues notice to Byju’s demanding Rs 9,000 crore for FEMA violation, firm denies receiving any such communication

The development comes a day after the company failed to meet the deadline to clear the dues of the employees who were laid off.

Sweden’s Saab becomes first to bag 100% FDI in defence project, to make Carl-Gustaf M4 weapons system in Haryana

India has approved 100% FDI of Sweden's Saab to make shoulder-fired Carl-Gustaf M4 rockets in Haryana

‘Mendacious, deliberate attempt to paint the group in worst possible light’: Adani Group asks FT to take down its misleading March 22 article

The Adani Group accused the Financial Times of being selective in using publicly available facts to attack the group.

Alibaba sells over half of its stake in Paytm after selling shares in BigBasket and Zomato, rumoured to be exiting India

Alibaba sold about 3.1% in Paytm of its total equity of about 6% in a block deal, seems to be making an exit from India

India receives the highest annual FDI inflow of USD 83.57 billion in FY21-22, IT sector bags the largest share

In 2014-2015, India received 45.15 billion USD in FDI compared to the highest ever inflow for the fiscal year 2021-22.

Data show FDI inflow into India has not come down, govt says a record number of investment deals signed in the year

Sources in the union govt say that FDI inflow has not come down, and a record number of deals were signed in the current financial year

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