ED issues FEMA show cause notice of Rs. 7,220 crore on Kolkata-based jewellery house

July 6, 2020 10:18 PM

ED issues FEMA show cause notice of Rs. 7,220 crore on Kolkata-based jewellery house

The Enforcement Directorate (ED) has issued a FEMA show cause notice of Rs. 7,220  crore on  a Kolkata-based jewellery house for allegedly indulging in illegal foreign exchange abroad. The ED  has charged Shree Ganesh Jewellery House Ltd and its promoters by an order issued by the adjudicating authority of the Foreign Exchange Management Act (FEMA) in Kolkata. The ED has said that the company and its promoters  have been charged under FEMA for resorting to unauthorised foreign exchange dealings,...

Foreign investors pour in Rs 7,714 cr into capital markets in September

September 29, 2019 7:26 PM

Foreign investors pour in Rs 7,714 cr into capital markets in September

After remaining net sellers for the past two months, foreign investors infused a net 7,714 crore rupees into the domestic capital markets in this month following a slew of economic reforms by the government.       The Centre last week slashed corporate tax rate by around 10 percentage points and also clarified that the enhanced tax surcharge will not apply on capital gains arising from sale of any security, including derivatives, in the hands of foreign portfolio investors (FPIs).     Besides, t...