Search For "foreign exchange"
Ojasvi Foundation raided on charges of illegal forex trading by ED
Updated : 2 years, 4 months ago IST
In a release Friday, the central enforcement agency said the Ojasvi Foundation, having its registered address at Surat, is involved in illegal (speculative) forex trading on a trading platform based in Dubai that goes by the name of Winsor Fx.
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Hero Group chairman's properties worth Rs 25 crore attached in money laund
Updated : 2 years, 4 months ago IST
In a release Friday, the central enforcement agency said it initiated an investigation on the basis of a prosecution complaint filed by the Directorate of Revenue Intelligence against Munjal and "others" for taking foreign exchange or currency out of India illegally.
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Rajasthan CM's son Vaibhav Gehlot appears before ED in FEMA case
Updated : 2 years, 4 months ago IST
Rajasthan Chief Minister Ashok Gehlot's son Vaibhav Gehlot on Monday appeared before the Enforcement Directorate (ED) for questioning in a case under the Foreign Exchange Management Act, 1999 (FEMA).
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"A well-planned strategy...": Congress's Vaibhav Gehlot on being summoned
Updated : 2 years, 4 months ago IST
Congress leader and son of Rajasthan Chief Minister, Vaibhav Gehlot on Thursday took a dig at the central government ruled by the Bharatiya Janata Pary (BJP) on being summoned by the Enforcement Directorate (ED) in connection with the Foreign Exchange Management Act (FEMA) case.
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PML-N supremo laments Pakistan's dire economic crisis, vows to redirect co
Updated : 2 years, 4 months ago IST
Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif on Saturday lamented how Pakistan's economy is in dire straits with very high inflation, dangerously low foreign exchange reserves and vowed to redirect the country on the path of growth, Pakistan-based Dawn newspaper reported.
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ED seizes immovable properties worth over Rs 24 cr of Venkateshwara Hatche
Updated : 2 years, 5 months ago IST
The Directorate of Enforcement (ED) has seized six immovable properties located in Maharashtra and Karnataka worth over Rs 24 crore of prominent hatchery company-- Venkateshwara Hatcheries Pvt Ltd-- under the provisions of Foreign Exchange Management Act (FEMA), 1999.
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Currency conversion fee receipt issued by RBI doing rounds is fake: PIB Fa
Updated : 2 years, 5 months ago IST
PIB Fact Check, the government arm that busts fake news and misinformation related to the government, categorically said, “This receipt is fake. RBI does not issue any such receipts."
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Chinese property giants hit hard with nearly USD 3 billion in forex losses
Updated : 2 years, 5 months ago IST
The total net foreign exchange losses for 24 of the top 30 mainland listed Chinese developers by contracted sales before the COVID crackdown in 2020 totalled 21.25 billion yuan (USD 2.75 billion) for the first six months of this year.
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Pakistan's external woes to persist due to shrinking dollar inflows
Updated : 2 years, 6 months ago IST
Pakistan's external woes would continue to persist due to shrinking dollars despite agreeing to an IMF Standby Arrangement (SBA) scheme worth USD 3 billion, according to The News International.
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Indian Footwear and Leather industry a major foreign exchange earner: Piyu
Updated : 2 years, 7 months ago IST
Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal said that the Indian Footwear and Leather industry is not only a major foreign exchange earner but being a labour intensive sector, it also provides employment to approximate
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China agrees to reschedule USD 2 billion debt recovery
Updated : 2 years, 7 months ago IST
This is a major relief to Pakistan government which is in the process of rebuilding foreign exchange reserves through fresh loans and rolling over maturing debt.
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ED seizes Rs 3.94 cr from Chinese-owned Pigeon Education Technology under
Updated : 2 years, 8 months ago IST
The Enforcement Directorate (ED) has seized Rs 3.94 crore in a case against Pigeon Education Technology India Private Limited under provisions of the Foreign Exchange Management Act (FEMA), 1999, the central agency said in a Twitter post on Friday.
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