18 states/UTs not ready to meet September deadline on food security

Last Updated: Tuesday, July 7, 2015, 20:40

As many as 18 states/UTs including Uttar Pradesh have expressed inability to roll out the Food Security law by the Centre's September deadline and most of them have sought time till year-end for its implementation, Food Minister Ram Vilas Paswan said on Tuesday.

Tax, penalty to be levied at market price under black money law

Last Updated: Friday, July 3, 2015, 18:35

Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.

Govt notifies rules for asset valuation under black money law

Last Updated: Friday, July 3, 2015, 16:01

Government has notified the rules for calculating overseas income and assets under the stringent foreign black money law that came into force on July 1.

US Toyota executive in Japan resigns over drug arrest

Last Updated: Wednesday, July 1, 2015, 16:03

Japan's Toyota Motor said today that American Julie Hamp, its most senior female executive, has resigned after being arrested for suspected drug law violations.

Standard format for banks to share money laundering, fraud info on anvil

Last Updated: Sunday, June 28, 2015, 15:05

The RBI, banks and law enforcement agencies are working on a standard reporting format for banks to share investigation-related information after central agencies like IB and CBI complained about receiving data in different formats making deciphering difficult.

Money laundering: RBI advised to share banks inspection report

Last Updated: Thursday, June 25, 2015, 15:49

The Reserve Bank of India has been advised by the Law Ministry to share extracts of its banks' inspection reports with intelligence and law enforcement agencies to help check money laundering and violations of other banking laws.

Government proposes major overhaul of labour laws

Last Updated: Thursday, June 25, 2015, 15:13

In the biggest overhaul of labour laws, the government proposes to loosen strict hire-and-fire rules, make it tougher for workers to form unions as well as raise by three times the severance package to protect employee interest, Labour Minister Bandaru Dattatreya has said.

New York AG questions eBay, PayPal on revised user agreements

Last Updated: Thursday, June 11, 2015, 21:59

New York law enforcement officials have written to eBay Inc and PayPal Inc this week, saying the companies` revised user policies "raise issues" under consumer protection laws.

FinMin to soon issue FAQs on new black money law

Last Updated: Thursday, June 11, 2015, 13:50

The Finance Ministry is likely to soon issue FAQs explaining the provisions of the new black money law and also to clarify whether one-time compliance window can be availed by persons already under probe.

New York AG questions eBay, PayPal on revised user agreements: NYT

Last Updated: Thursday, June 11, 2015, 13:40

"Consumer choice and privacy preferences are protected by state and federal laws, including laws that specifically aim to stop companies from using invasive robocalls to promote products to consumers who do not wish to receive them," the newspaper quoted Melissa Grace, a spokeswoman for New York Attorney General Eric Schneiderman, as saying.

Govt sets up panel to suggest changes to Companies Act

Last Updated: Friday, June 5, 2015, 15:53

The Corporate Affairs Ministry has already made a raft of changes to the Companies Act, 2013 -- whose most provisions came into effect from April 1, 2014 -- amid concerns raised from various stakeholders.