New Delhi: Four months after the RBI scrapped a long-standing payment mechanism, India has decided to use multiple currencies, including the rupee, to pay for crude oil imported from Iran. Besides the rupee, the euro would be used to pay for a part of the 12 million barrels of oil imported from Iran every month. Also, some payments would be routed through countries like Turkey, sources privy to the development...
03:23 PM, May 12, 2011
Lucknow: Police say termites have devoured currency notes worth 10 million rupees ($ 222,000) in a steel bank chest in northern India. Officer Navneet Rana says the bank manager discovered the damage when he opened the reinforced room in an old bank building on Wednesday. Rana told The Associated Press on Friday: "It's a matter of investigation how termites attacked bundles of currency notes stacked in a steel chest." Rana...
11:56 AM, Apr 22, 2011
Goa state minister Babush Monserrate is caught in a new controversy. This time, for being held at the Mumbai airport with foreign exchange over and above the legal limit. ...
09:31 AM, Apr 07, 2011
New Delhi: Goa state minister Babush Monserrate is caught in a new controversy. This time, for being held at the Mumbai airport with foreign exchange over and above the legal limit. Controversies are not new for this Monserrate. With 13 criminal cases against him, including one of attacking a police station, Monserrate is in the eye of another storm. He was detained at the Mumbai Airport just before boarding a...
08:29 AM, Apr 07, 2011
Mumbai: Goa Education Minister Atanasio (Babush) Monserrate was detained on Saturday, at Mumbai airport. He was caught with huge amounts of Indian and foreign currency beyond permitted limits for passengers traveling abroad and was about to board a flight to Dubai. Monserrate was carrying cash worth Rs 25 lakh approximately in Indian currency and foreign currency worth Rs 1 crore approximately. Monserrate's elder son Rohit was arrested in 2009 for...
10:48 AM, Apr 02, 2011
Washington: Counterfeit currency is flooding into India from Pakistan and terrorist and criminal networks are using this money to finance their activities in the country, an official US report has said. Warning that burgeoning black money, remittance systems and porous border were triggering money laundering at an alarming pace, the International Narcotics Control Strategy of the State Department in its 2011 report said the Indian government should facilitate development of...
11:53 AM, Mar 04, 2011
Islamabad: Pakistani artists and students would now need to have a no-objection certificate from the interior ministry, a decision that was "supposedly taken after the embarrassing episode in which singer Rahat Fateh Ali Khan was detained by Indian authorities", said a leading Pakistani daily. Calling it an "ominous development", the editorial in the Dawn on Friday said Interior Minister Rehman Malik told the National Assembly that students wanting to go...
12:57 PM, Feb 25, 2011
New Delhi: Pakistani singer Rahat Fateh Ali Khan and his manager Maroof each paid Rs 15 lakh on Monday by way of penalty slapped on them in connection with the huge amount of undeclared foreign currency recovered from them. Official sources said on Monday night the amount was paid to the Customs department after the matter was adjudicated. The undeclared foreign currency however remains confiscated, the sources said. The sources...
11:29 PM, Feb 21, 2011
New Delhi: Tibetan spiritual leader Karmapa Ugyen Trinely Dorji has been given a clean chit on accusation of being a China spy. A probe was initiated aginst the spiritual leader after huge amount of foreign currencies were recovered from his premises. Foreign currency belonging to 25 countries, including China, was recovered by the police from the premises of the Karmapa-backed trust and some of the trustees in the raids that...
08:27 PM, Feb 16, 2011
New Delhi: Pakistan's Interior Minister Rehman Malik on Tuesday phoned his Indian counterpart P Chidambaram to thank him for the release of singer Rahat Fateh Ali Khan, detained at the airport here for carrying undisclosed foreign currency of over $100,000. "The two ministers spoke to each other. Rehman Malik thanked Chidambaram for ensuring the early release of Rahat Ali Khan," told a spokesperson in the Pakistan High Commission. The spokesperson...
04:36 PM, Feb 15, 2011
On Talking Point, Rajdeep Sardesai asks, 'Should Bollywood stay away from Pak artists?' ...
12:01 AM, Feb 15, 2011
New Delhi: A day after he was detained at the Delhi airport on charges of carrying undisclosed foreign currency, Pakistani singer Rahat Fateh Ali Khan was released on Monday after interrogation by officials of the Directorate of Revenue Intelligence (DRI). Rahat, along with two of his colleagues Maroof and Chitresh Shrivastava, have been asked to appear before the DIR on February 17, informed sources said. Rahat was released after an...
07:41 PM, Feb 14, 2011
New Delhi: The detention of Pakistani Sufi singer Rahat Fateh Ali Khan is threatening to blow up into a major diplomatic row between the two countries. Rahat Fateh Ali Khan is still being questioned by India's Directorate of Revenue Intelligence (DRI) for the second day on Monday. Speaking to CNN-IBN, Vijayalakshmi Sharma, DG DRI said," Rahat Ali Khan has not been arrested. We are only questioning him. We are still...
07:15 AM, Feb 14, 2011
New Delhi: Renowned Pakistani singer Rahat Fateh Ali Khan was detained at the IGI airport in New Delhi on Sunday by revenue intelligence sleuths after he and two of his troupe members were caught allegedly carrying $ 1.24 lakh (about Rs 60 lakh) in undeclared foreign currency. Rahat (37) and his entire troupe, numbering around 16, including his manager Maroof and event manager were detained and their interrogation were underway...
10:09 PM, Feb 13, 2011
![Thinlay Topgay]( "Thinlay Topgay")
The assumption that the Karmapa will create a China-friendly chain of monasteries in the Himalayas by using Himachal Pradesh as a staging point for anti-India ...
04:31 PM, Feb 03, 2011
![Karma Paljor]( "Karma Paljor")
He gave me my name. The 16th Karmapa has long gone, but he has always been my spiritual guide. I can recall almost all of ...
04:02 PM, Feb 03, 2011
Dharamsala: The Enforcement Directorate questioned Karmapa Lama in Dharamsala in connection with the foreign currency recovered from his office. Enforcement Directorate officials reached Karmapa's monastery on Tuesday afternoon to question him. He was grilled for over five hours but reportedly insisted that he had no idea where the money recovered from his office came from. Foreign currency worth Rs 7 crore was recovered from Karmapa's office last week. Raids were...
01:25 PM, Feb 01, 2011
New Delhi: A cloud of suspicion may hang over the Karmapa Lama, but a day after he was questioned over unaccounted money, Buddhist monks and devotees, including foreigners, gathered in a show of support near Dhararmshala. His office even rejected China's statement that he was not a spy on the grounds that they did not an endorsement from the middle kingdom. "We don't need any endorsement from China. When there...
07:41 AM, Feb 01, 2011
New Delhi: On the controversy surrounding the Karmapa Lama, the Finance Ministry has asked for a report from the Himachal Pradesh government. While the Karmapa was questioned by a three member team of Himachal police, his treasurer Shakti Lama has been sent to police custody till February 5. His secretary's house which was sealed was searched by the police on Saturday. Currency worth Rs 6 crore has been seized out...
09:19 PM, Jan 29, 2011
