Fund

  • Four gen-next Indian-origin economists in IMF list of 25 2 days ago

    Washington: Four economists of Indian origin have been featured in the International Monetary Fund's (IMF) list of 25 economists under 45 who are shaping the way one thinks about the global economy. The "Generation Next" list of "economists under 45 (who) will have the most influence in the coming decades on...
  • India @ 9 with Bhupendra Chaubey 2 days ago

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • Odisha chit fund scam: Why didn't the state government act despite proof of political patronage? 2 days ago

    Bhubaneswar: In a report submitted to the Supreme Court, the Odisha government said that over one million investors in the state were duped of over Rs 4000 crore by 163 fraudulent chit fund companies for almost a decade. The question that had the experts puzzled was how could this daylight robbery...
  • Saradha chit fund scam: A year on, duped investors remain penniless 2 days ago

    Kolkata: Agony, despondency, exasperation and anger. The emotions in West Bengal's countryside remain pretty much the same as they were a year ago when Saradha Group went bust. While the company's bosses Sudipta Sen, Debjani Mukherjee and Trinamool Congress MP Kunal Ghosh are in custody, duped investors have nothing. Most...
  • Chit fund scam: Having lost life-long savings, investors wait in agony for their money 2 days ago

    Bhubaneswar: It's been more than three years now that over one million depositors in Odisha, mostly poor people, lost their hard earned money in the Rs 20,000 crore chit fund scam. CBI investigation is on and several owners of such fraudulent companies are in jail. But the plight of the...
  • Saradha scam: CBI custody of accused businessman extended 5 days ago

    Kolkata: A city court on Wednesday extended the CBI custody of city-based businessman Sandhir Agarwal who was arrested for his alleged role in the Saradha chit fund scam. The Additional Chief Judicial Magistrate, Alipore Court, extended the CBI custody of Agarwal by five days till September 1 on a prayer...
  • EPFO to pay 8.75 per cent interest on PF deposits in 2014-15 6 days ago

    New Delhi: Retirement fund body EPFO's trustees on Tuesday decided to retain interest payment on provident fund deposits for 2014-15 at 8.75 per cent. "It has been decided to pay 8.75 per cent interest in the current fiscal," Central Provident Fund Commissioner (CPFC) K K Jalan told PTI after the meeting...
  • Qatar denies funding extremist Islamic State group August 24, 2014

    Dubai: The Gulf nation of Qatar is hitting back at suggestions that it supports the Islamic State extremist group, saying that "determined, collective action" is needed to end sectarian violence gripping Iraq and Syria. The energy-rich OPEC member has come under renewed scrutiny over its ties to extreamists, including the Palestinian...
  • Saradha scam: Court remands Sudipta Sen to CBI custody August 21, 2014

    Kolkata: A court on Thursday remanded chairman of Saradha group Sudipto Sen to CBI's custody till August 26 as the agency plans to verify some more names of politicians who allegedly were beneficiary of the chit fund scam. Sen's custody was taken along with the official of East Bengal football club...
  • India @ 9 with Anubha Bhonsle August 18, 2014

    Catch the day's top stories with Anubha Bhonsle on India @ 9. ...
  • News 360: India calls off talks with Pakistan August 18, 2014

    India on Monday called off its Foreign Secretary-level talks with Pakistan, sending a strong message to the country after its envoy held an hour-long meeting with Kashmiri separatist leaders in Delhi despite a warning by India against it. ...
  • Saradha scam: Filmmaker Aparna Sen denies role in monetary transactions August 18, 2014

    Kolkata: Actor and filmmaker Aparna Sen on Monday denied have any role in the monetary transactions of the Saradha group accused of embezzling lakhs of investors in a chit fund scam. Sen, who was the editor of the magazine 'Poroma', started by Saradha chief Sudipta Sen, was quizzed by the Enforcement...
  • Saradha scam: Enforcement Directorate quizzes national award winning filmmaker Aparna Sen August 18, 2014

    Kolkata: National award winning film maker Aparna Sen was questioned by the Enforcement Directorate on Monday in connection with the multi-crore-rupee Saradha chit fund scam. Sen appeared before the agency that is probing the scam along with husband Kalyan Roy. Aparna Sen was the editor of a magazine called Parama ...
  • Nepal: Floods, landslides kill 240 people, India announces relief fund of NRs 48 million August 17, 2014

    Kathmandu: India announced a relief assistance of Nepali Rs 48 million for the victims of the recent floods and landslides that have hit different parts of Nepal, claiming over 240 lives in two weeks. "The government of India will provide Rs 30 million (NRs 48 million) assistance to the victims of...
  • Sebi bars two firms for raising funds illegally via securities August 8, 2014

    Mumbai: Sebi on Friday barred Falkon Industries India and Ravi Kiran Realty India and from raising funds through issue of securities and has also barred the companies and their respective directors from dealing in the securities market, till further directions. The capital market regulator found that Falkon Industries India had raised...
  • India to provide $1 million for aid to Gaza victims August 1, 2014

    New Delhi: As the Gaza conflict shows no immediate signs of let-up and the number of deaths, including of scores of children, mount to over 1,400, a concerned India is planning to send $1 million to a UN fund to provide aid to the suffering Palestinians fleeing the battle zone. The...
  • Current value of Flipkart is expected to be 5 million dollars July 30, 2014

    India's biggest online retailer Flipkart has raised 1 billion dollars in fresh funding. The current value of Flipkart is now expected to be 5 million dollars. The market size has increased. Internet is now at an inflection point, thus attracting a lot of investors to Flipkart. The latest round of...
  • Jaitley announces some concessions, tax on mutual fund from July 10 July 25, 2014

    New Delhi: The government on Friday announced some concessions for mutual fund industry and income tax payers, while committing to low tax regime to promote industrial activity to generate jobs and create more resources to undertake social welfare activities. Announcing the concessions in the Lok Sabha, Finance Minister Arun Jaitley said...
  • Saradha chit fund scam: ED questions Mithun Chakraborty July 25, 2014

    Mumbai: The Enforcement Directorate on Wednesday questioned film actor-cum-Trinamool Congress MP Mithun Chakraborty in connection with the Saradha chit fund scam in West Bengal, officials said. A team of ED officials drawn from its offices in Kolkata and Mumbai jointly quizzed the actor at his residence for close to two hours...
  • Saradha Chit Fund Scam: CBI asks Bengal, Odisha government to share documents of scam before July 31 July 22, 2014

    Kolkata: CBI has asked the state government of West Bengal and Odisha to share all documents related to the Saradha Chit Fund scam with them before July 31. The CBI order comes after the Supreme Court ordered transfer of investigation of the scam from the special investigation team and the...
  • Centre spends Rs 35,000 crore under SC/ST sub-plan in 2013-14 July 17, 2014

    New Delhi: Government's 25 ministries and department spent Rs 35,800.60 crore last fiscal under schedule Caste/Scheduled Tribe (SC/ST) Sub-Plan, which is meant for welfare of these communities, Parliament was informed on Thursday. However, government had allocated Rs 41,561.13 crore under the SC/ST Sub-Plan for the central ministries for 2013-14, Planning Minister...
  • No misuse of CCS funds: Arunachal Pradesh CM July 15, 2014

    Itanagar: Arunachal Pradesh Chief Minister Nabam Tuki on Tuesday denied the allegation of Union Minister of State for Home Affairs Kiren Rijiju of siphoning of central sponsored schemes (CCSs) and said a third party monitoring system by state and central governments was in place to take the guilty to task. Rijiju...
  • Maoists getting support from organisations in Europe: MHA July 15, 2014

    New Delhi: The Ministry of Home Affairs on Tuesday told Parliament that Maoists were getting support from organisation in Europe including Germany, France, Holland and Italy. Minister of State for Home Kiran Rijiju said that the matter is being taken up with the European countries. Rijiju added that the Maoists have...
  • Indian-American pleads guilty to funding al-Qaeda groups July 13, 2014

    Washington: A 31-year-old Indian-American, caught in a FBI sting operation, faces up to 15 years in prison after pleading guilty to providing thousands of dollars in material support to three terror groups operating under al-Qaeda in war-torn Syria and Somalia. Gufran Ahmed Kauser Mohammed was arrested last year in a Miami-based...
  • UP govt sanctions more funds for Muzaffarnagar riot victims July 11, 2014

    The Uttar Pradesh government has sanctioned an additional amount of Rs 3.28 crore for providing relief to riot victims, district authorities said on July 11 in Muzaffarnagar. The state government has released more fund of Rs 3.28 crore for riot victims. Relief would be provided to 58 families of riots victims,...
  • Mutual Fund industry says Budget a mixed bag July 10, 2014

    Mumbai: The mutual fund industry on Thursday welcomed the Budget proposal to increase the tax exemption limit under section 80C of the Income Tax Act to Rs 1.5 lakh, but said other measures were a mixed bag. "The additional exemption under 80C will provide a limited window for tax exemption eligible...
  • Government to raise long-term capital gains tax on debt Mutual fund to 20 pc July 10, 2014

    New Delhi: In a move that may come as a blow to the mutual fund industry, the government on Thursday proposed to raise long-term capital gains tax on debt-oriented mutual funds to 20 per cent from 10 per cent, to bring parity with banks and other debt instruments. However in the...
  • Budget 2014: FDI in insurance to be hiked to 49 per cent July 10, 2014

    New Delhi: In a big relief to the capital-starved private insurance sector, Finance Minister Arun Jaitley on Thursday proposed raising the Foreign Direct Investment (FDI) cap from 26 per cent to 49 per cent. "The insurance sector is investment starved. Several segments of insurance sector need expansion. The composite cap of...
  • Union Budget: Delhi government awaits funds to complete projects July 9, 2014

    New Delhi: The Delhi government on Wednesday pinned its hope on the Centre for allocation of funds in the General Budget to execute its major schemes such as cleaning of the Yamuna, development of unauthorized colonies and strengthening of power transmission in the national capital. The Delhi government has urged Centre...
  • Investors pump in Rs 54,000 crore in mutual fund schemes in FY14 July 9, 2014

    New Delhi: Investors pumped in nearly Rs 54,000 crore in various mutual fund schemes in 2013-14, 23 per cent lower than the amount infused by them in the preceding fiscal, the Economic Survey on Wednesday said. "During 2013-14, mutual funds mobilised Rs 53,782 crore from the markets as compared to Rs...