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IL&FS board charges former directors of money laundering, criminal intent
They have also been accused of extending loans for “criminal intent of falsification of repayment by a number of borrowers, including some entities associated with large corporate groups.The notices, dated February 27, have asked former directors to reply within seven days upon receipt as to why departmental and legal actions should not be taken against them for their “misconduct, dereliction of duties, gross negligence and acts of conspiracy and getting unlawful gains for oneself and others.”
Aadhaar can be used voluntarily as ID proof, President signs ordinance
It bans storing of core biometric information as well as Aadhaar number by service providers in cases of individuals who have voluntarily offered the national ID as a means of authentication. The ordinance gives effect to the changes in the Aadhaar Act such as giving a child an option to exit from the biometric ID programme on attaining 18 years of age.
The amendments make it clear that anyone not offering Aadhaar cannot be denied any service, be it opening of a bank account or obtaining a mobile phone SIM card.
FPI inflows into Indian equities hit 15-month high of Rs 17,220 cr in Feb
Foreign investors have turned into net buyers in February mainly on account of clarity on government spending post budget and value buying in several pockets, according to Vidya Bala, Head – Mutual Funds Research at FundsIndia, said.
She further said that inflows into the equity market can be attributed to a positive view on budget and dovish stance taken by the central bank.
Include special allowance in employees’ basic wage for PF deduction: SC
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