India


FEMA imposes Rs 184 cr penalty on PPK Newsclick Studio Pvt. Ltd. and Director

New Delhi, Feb 16 (UNI) The Adjudicating Authority under the Foreign Exchange Management Act, 1999 (FEMA) has imposed a total penalty of Rs.184 Crore on PPK Newsclick Studio Pvt. Ltd. and its Director Prabir Purkayastha.
The penalty follows adjudication proceedings initiated by the Directorate of Enforcement under Section 16 of FEMA for violations related to foreign direct investment and foreign inward remittances. The Authority found that the company received approximately Rs.9.59 Crore in FDI during FY 2018-19 by misrepresenting its business activity, bypassing sectoral conditions under FEMA.
Additionally, foreign inward remittances totaling Rs.82.63 Crore between FY 2018-19 and 2023-24 were found in contravention of FEMA due to misclassification of exports and non-compliance with mandatory reporting requirements, including SOFTEX forms.
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‎New Delhi, March 11 (UNI) The Indian government has expressed concern over reports of an attack on the Thai-flagged vessel Mayuree Naree in the Strait of Hormuz, stating that the ship was en route to Kandla Port in India and reiterated New Delhi’s opposition to attacks on commercial maritime traffic amid the ongoing West Asia conflict. ‎.

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ED restores ₹1 69 crore worth properties to SBI in Arvind Casting Bank fraud case

11 Mar 2026 | 9:58 PM

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Delhi govt says fuel supply in city normal, Urges people not to believe rumours

11 Mar 2026 | 9:13 PM

Pankaj Jain
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SC permits passive euthanasia of person in coma for over 12 yrs

11 Mar 2026 | 9:12 PM

Parmod Kumar
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INS Trikand docks at Port Louis, to join Mauritius National Day celebrations

11 Mar 2026 | 9:12 PM

New Delhi, March 11 (UNI) Indian Naval Ship Trikand, stealth frigate of the Indian Navy, called at Port Louis, Mauritius during its ongoing operational deployment to the South West Indian Ocean Region.

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