Rs 611 cr FEMA violations: ED issues notice to Paytm’s parent firm, Managing Director

Rs 611 cr FEMA violations: ED issues notice to Paytm's parent firm, Managing Director

New Delhi, March 3 (IANS) The Enforcement Directorate (ED) on Monday issued a show-cause notice to One97 Communications Ltd, the parent company of Paytm, its Managing Director Vijay Shekhar Sharma and others for violating certain provisions of the Foreign Exchange Management Act, 1999 (FEMA, 1999) worth Rs 611 crore. The show-cause notice has been issued … Read more

Haven’t borrowed like the Centre, yet managing well, says Shivakumar on Karnataka bankruptcy claim

Bengaluru, Feb 3 (IANS) Karnataka Deputy Chief Minister D.K. Shivakumar on Monday reacted strongly to Union Finance Minister Nirmala Sitharaman’s comments that the state has gone bankrupt under the Congress-led government, contending that it has not borrowed as much as the Central government and is efficiently managing its affairs. Responding to a question from reporters … Read more

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