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Foreign Exchange Management Act
Business  /  Published 05.08.22

ED freezes bank balance

The Enforcement Directorate (ED) on Friday said it has frozen bank deposits of Rs 64.67 crore as part of a money laundering probe against crypto currency exchange WazirX. The federal agency said it c...
By PTI in New Delhi

News  /  Published 26.07.22

Arpita Mukherjee in Enforcement Directorate custody till August 3

Her lawyers did not oppose the remand prayer but requested for a “short term”, citing the lack of progress in the probe in the past 24 hours. “There has been no development in the p...
By Our Special Correspondent in Kolkata

India  /  Published 09.07.22

ED penalty on Amnesty, Aakar

The Enforcement Directorate (ED) on Friday said it has slapped a penalty of more than Rs 61 crore against Amnesty India and its former head Aakar Patel for allegedly contravening the Indian foreign ex...
By PTI in New Delhi

Business  /  Published 07.05.22

Curbs on FDI from neighbours

The government has amended rules governing companies with respect to prior approval being mandatory for investments by entities and individuals from countries that share a land border with India. The...
By PTI in New Delhi

Business  /  Published 06.05.22

HC breather for Xiaomi India

The High Court of Karnataka has given a breather to Xiaomi Technology India Private Limited by staying the April 29 order of the Enforcement Directorate (ED) by which Rs 5551.27 crore of the company w...
By Our Bureau, PTI in Bengaluru

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India  /  Published 30.04.22

ED raids Xiaomi India, seizes Rs 5,551cr deposits

The Enforcement Directorate Saturday "seized" over Rs 5,551-crore worth fund of Chinese mobile manufacturing company Xiaomi for violating the Indian foreign exchange law, officials said. In...
By Our Bureau, PTI in New Delhi

Business  /  Published 11.02.22

Credit swap rules in place

The Reserve Bank of India (RBI) on Thursday announced revised guidelines for credit default swaps (CDS). CDS is a contract in which a counterparty (seller) commits to compensate the other counterpart...
By Our Special Correspondent in Mumbai

Business  /  Published 24.12.21

Amazon bid to stop ED probe

The Delhi high court will hear in January a petition filed by Amazon.com Inc against the enforcement directorate (ED) which had sought details of its transaction with the Future group in 2019. The pet...
By Our Bureau in Mumbai

Business  /  Published 28.11.21

ED calls for Amazon, Future Group officials

The Enforcement Directorate (ED) has summoned senior executives of Amazon India, including its country head Amit Agarwal, and that of the Future group for questioning in a foreign exchange violation p...
By Our Bureau, PTI in New Delhi

Business  /  Published 23.07.21

RBI plans to launch digital currency

The Reserve Bank of India (RBI) is drawing up a plan for a central bank digital currency and examining use cases that can be implemented with little or no disruption, deputy-governor T. Rabi Sankar sa...
By Our Special Correspondent in Mumbai


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