Latest Finance and Banking Regulation News

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Tax evaders jittery as net tightens; threat of jail for black money gets real

New guidelines limit the scope of compounding that lets offenders off the hook with a fine; stiffer procedures including touch prosecution norms recommended

2 days ago

Trade spat: India imposes retaliatory tariff on 29 US items

The Indian government had initially decided to impose these duties on June 28 last year but the deadline was extended multiple times.

3 days ago

SFIO seeks investigation into RBI officials' alleged role in IL&FS collapse

Financial fraud watchdog asks RBI to investigate why warning bells about imminent IL&FS crash would go up to only a certain level in the hierarchy.

7 days ago

Does Sitharaman's 'surgical strike' show PM Modi's displeasure over Jaitley's term?

Poll-bound PM Modi's worst headaches were the departments under the finance ministry that churned out contradictory data on the state of the economy exposing the government to relentless opposition fire.

8 days ago

IMA fraud: How do you find out if an investment plan is really a Ponzi scheme?

Ponzi schemes are characterised by the paying of 'profit' or returns to subscribers from money collected from later subscribers and the business will collapse when the addition of new clients tapers off.

8 days ago

Trump calls off plans to impose tariffs on Mexico after deal on migration

The agreement announced on Friday followed three days of negotiations in Washington.

11 days ago

Mark Zukerberg announces Facebook Dating

Facebook may unveil its cryptocurrency on June 18; Bitcoin fans unfazed

Facebook plans to make the cryptocurrency transferrable with zero fees via Facebook products including Messenger and WhatsApp.

11 days ago

GST on new flats: Everything a buyer needs to know about the concessional rates

New constructions priced below Rs 45 lakh and of less than 60 sqm in the metros and 90 sqm in non-metro areas are eligible for a concessional tax rate of 1%.

20 days ago

Will Trump's Huawei gambit backfire with a rare earth export ban by China?

China controls more than 90 percent of the world's rare earth market. These elements are indispensable for industries such as defence, electric cars, wind generators, hard-disk drives, mobile communication and missile guidance.

20 days ago

Will proposed reforms in gold trade make buying of the yellow metal difficult?

Law changes will make online transaction mandatory for buying more than 5 grams of gold in the spot market; government plans to revamp the gold monetisation scheme (GMS) to make it more people friendly.

24 days ago