India's domestic air traffic rises 26.3 %: IATA report

The International Air Transport Association, IATA in its latest report for the month of September has said that India, Europe and Russia have been the three big stories in September. Indian domestic travel spiked with a 26.3 per cent growth in September which is several times higher than the 7.6 per...

Black money case: Mauritius assures help to India in SIT's probe

Mauritius has conveyed to Indian government that it is ready to support its Special Investigation Team (SIT) to unearth black money. An External Affairs Ministry spokesperson said Mauritius Foreign Minister Arvin Boolell conveyed this to External Affairs Minister Sushma Swaraj by during a meeting at...

US tech firms in denial on being used for terrorism: GCHQ chief

US technology companies have become the command and control networks of choice for terrorism, the new head of Government Communications Headquarters, GCHQ has claimed. Robert Hannigan says some US tech companies are in denial about how their services are being misused. He also said UK security agenc...

US fines Hyundai, Kia; To pay $ 100m for overstating mileage

US regulators have announced that Hyundai and Kia have agreed to a record 100 million dollar settlement for overstating the fuel economy of their cars. The South Korean car makers were accused of exaggerating the fuel efficiency of 1.2 million vehicles. According to regulators the penalty is the lar...

JP Morgan being probed by US Justice Department

JP Morgan Chase, the largest Bank in the US, has revealed it is under investigation over currency trading. The firm said the US Department of Justice had launched a criminal investigation, other regulators are running civil investigations. It added that possible losses from all its the legal proceed...

Hasmukh Adhia replaces GS Sandhu as Financial Services Secretary

In a major bureaucratic reshuffle, the government has replaced Financial Services Secretary GS Sandhu with Gujarat-cadre IAS officer Hasmukh Adhia and made over 60 Special and Joint Secretary-level appointments. According to an order issued late last night by the Department of Personnel and Training...

EPFO to seek clarity on transaction limit for accounts under Jan Dhan Yojana

Employees' Provident Fund rganisation, EPFO will soon approach the Finance Ministry on the transaction limit of Rs 1 lakh for accounts opened under Jan-Dhan Yojana, as it cannot credit PF claims of higher amounts in such accounts. EPFO has found that it would be unable to credit PF withdraw...

EPFO to seek clarity on transaction limit for accounts under Jan-Dhan Yojana

Employees' Provident Fund rganisation, EPFO will soon approach the Finance Ministry on the transaction limit of Rs 1 lakh for accounts opened under Jan-Dhan Yojana, as it cannot credit PF claims of higher amounts in such accounts. EPFO has found that it would be unable to credit PF withdraw...

Unauthorised disclosure of names of black money holders can sabotage investigation: Jaitley

SIT asks people to share information on black money

Anyone who has specific and definite information on black money, can share it with Supreme Court-appointed SIT going into the issue that can crack down on those stashing money abroad and at home. The Special Investigation Team (SIT) headed by former Supreme Court judge, Justice M B Shah, will open a...