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.
More News

Iconic Kartavya Path in Delhi witnesses women power: Thousands of them participate in 'Shakti Walk'

08 Mar 2026 | 12:19 PM

New Delhi, Mar 8 (UNI) Women from the national capital, representing diverse backgrounds, gathered at the iconic Kartavya Path in the heart of the city, where everyone witnessed the strength of Delhi's women's power during the 'Shakti Walk' held to mark International Women's Day celebrations.

see more..

Netanyahu warns war against Iran will continue with 'uncompromising momentum'

08 Mar 2026 | 12:07 PM

New Delhi, Mar 8 (UNI) Indicating a protracted war in the Middle East, Israeli Prime Minister Benjamin Netanyahu warned on Sunday that the ‘Operation Roaring Lion’ against Iran which entered its second week, would continue with ‘’uncompromising momentum.’’ ‘’We will not cease to struggle against Iran. We will strike them without mercy. Operation Roaring Lion will continue with uncompromising momentum,’’ he added.

see more..

Jairam Ramesh cites studies on PM2 5, calls air pollution a ‘severe public health crisis’

08 Mar 2026 | 12:02 PM

‎New Delhi, March 8 (UNI) ‎Senior Congress leader Jairam Ramesh on Sunday raised concerns over rising air pollution levels in India, citing multiple scientific studies and data analyses that link fine particulate matter to increased mortality and public health risks.

see more..

LS Speaker Om Birla flags off all-women bike rally in Delhi on International Women’s Day

08 Mar 2026 | 11:35 AM

‎‎New Delhi, March 8 (UNI) Marking International Women's Day, Om Birla, Speaker of the Lok Sabha, on Sunday flagged off the All-Women Bike Rally 2026 organised by a national daily at Connaught Place, highlighting the crucial role of women in nation-building.

see more..

PM Modi extends International Women’s Day greetings, highlights role of ‘Nari Shakti’ in India’s progress

08 Mar 2026 | 11:24 AM

‎‎New Delhi, March 8 (UNI) Marking International Women's Day, Prime Minister Narendra Modi on Sunday extended greetings to women across the country and praised their contributions to India’s development, saying the achievements of “Nari Shakti” continue to inspire the nation and strengthen its journey towards a developed India.

see more..