Foreign Exchange Management Act: News

28 Mar 2024

Mahua Moitra

Moitra to skip ED summons today; will campaign in Krishnanagar

Trinamool Congress leader Mahua Moitra said that she will campaign in her constituency, Krishnanagar, on Thursday, giving a miss to the summons issued by the Enforcement Directorate (ED), a day earlier.

ED summons Hiranandani Group promoters in forex exchange violation case

The Enforcement Directorate (ED) has summoned Niranjan Hiranandani and his son, Darshan Hiranandani, the promoters of Mumbai-based real estate developer Hiranandani Group, for questioning on Monday.

03 Jul 2023

Anil Ambani

ED grills Anil Ambani over FEMA violation

Industrialist and Reliance ADA Group Chairman Anil Ambani on Monday reportedly appeared before the Enforcement Directorate (ED) in connection with a case of alleged violation of the Foreign Exchange Management Act (FEMA), 1999.

18 May 2023

Indian Government

International credit card spending attracts 20% TCS: What it means

Using credit cards on overseas holidays or business trips is about to become more expensive. Do you know why?

ED files case against BBC alleging foreign funding irregularities

The Enforcement Directorate (ED) on Wednesday registered a case against the British Broadcasting Corporation (BBC) under the Foreign Exchange Management Act (FEMA) for alleged foreign exchange violation.

Joyalukkas under ED scanner; assets worth Rs. 305 crore seized

Popular jewelry chain Joyalukkas has come under Enforcement Directorate's (ED) scanner. The investigative agency has seized assets worth Rs. 305 crore over alleged violations of the Foreign Exchange Management Act (FEMA).

13 Apr 2022


Here's why Enforcement Directorate has summoned Xiaomi's Manu Kumar Jain

The Enforcement Directorate has summoned Manu Kumar Jain, former managing director of Xiaomi India, in connection with an investigation under the Foreign Exchange Management Act, according to Reuters.

21 Dec 2019


Bank KYC forms to start asking your religion: Here's why

Banks may soon start asking depositors to disclose their religion. What's the need for this?

Amrapali cheated homebuyers, SC asks NBCC to finish their projects

Giving a major relief to nearly 42,000 homebuyers, the Supreme Court on Tuesday ordered state-run National Buildings Construction Corporation (NBCC) to complete unfinished flats of the embattled real-estate group Amrapali.

30 Jan 2019


Pakistani singer Rahat Fateh Ali Khan accused of forex smuggling

On Wednesday, the Enforcement Directorate (ED) issued a show cause notice to popular Pakistani singer Rahat Fateh Ali Khan under the Foreign Exchange Management Act (FEMA) for allegedly smuggling foreign currency out of India.

ICICI loans to Videocon: RBI finds no 'quid pro quo'

The Reserve Bank of India had two years back conducted a detailed scrutiny to probe allegations of impropriety in ICICI Bank extending loans to Videocon Group but found no proof of any "quid pro quo" or reciprocal benefits, according to RBI documents.

What can happen to SRK in the FEMA violation case?

Bollywood's King Khan got a show cause notice by the Enforcement Directorate (ED) on Thursday, asking him to appear on August 23 in a foreign exchange violation adjudication case linked with his Kolkata Knight Riders team in the Indian Premier League (IPL).

02 May 2017


Antrix-Devas deal: CBI gets nod to prosecute ex-ISRO bosses

The CBI has got the go ahead to prosecute former ISRO and Antrix officials over their alleged involvement in the Antrix-Devas scandal.