Leading agencies including Income Tax, Enforcement Directorate, Serious Fraud Investigation Office and representatives of RBI and SEBI have suggested integration of core banking systems of all banks through data analytics and artificial intelligence thereby tracing the flow of black money through RTGS in different accounts before reaching actual beneficiaries.
A high-level inter-ministerial coordination committee has raised concern about absence of effective regulatory mechanism for gems & jewellery and real estate sectors to curb money laundering and counter terror financing ahead of India’s case coming up for review before FATF in October 2020. Countries on FATF grey list could could face restrictions from international financial system.
Centre has sought the court’s direction to RIL and BG to secure $4.5 billion towards an arbitration award.
The combined data for rape and Pocso Act cases are of March 31, 2018, and those of only Pocso Act cases are of June 2019, both supplied by the HCs, having a time lag of a little over a year. However, the current status of the number of Pocso Act and other rape cases is unlikely to be too different from the available data set.
The ministry has informed the CAG that it has examined the matter in consultation with IOC and BPCL and directed both companies to recover the “unauthorised” payments made to their employees. The two companies have been asked to furnish action taken report on the matter.
The National Economic Offence Records is being prepared by the CEIB, an arm of the finance ministry. All other agencies, including CBI, Customs, Enforcement Directorate, Income Tax, Directorate of Revenue Intelligence, Directorate General of Goods and Services Tax Intelligence have been asked to regularly update the portal from their nationwide offices.
According to a new study conducted by IIM Calcutta, on an average, it took over 122 week for a litigant to get a judgment. Issues such as judges’ absence, repeated adjournments & courts refusing to simplify processes add to the judicial delay.
The museum will be housed in Shimla at Chadwick House where the first batch of audit and account officers from independent India underwent training in 1950.
To become a High Court judge, an advocate must have an average net professional annual income of Rs 7 lakh in the preceding five years before his recommendation by the Collegium.
Puri, nephew of Madhya Pradesh chief minister Kamal Nath, was arrested by the agency on August 20 while he was undergoing questioning in the AgustaWestland case.
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