Former DEA secretary D Subbarao had told investigators probing the INX Media money laundering and corruption case that "violations" in the deal approving FDI for the company were not brought to the notice of the FIPB, reveal official records.
The CBI said its probe into the allegedly irregular FIPB clearance to investment in INX Media in 2007 has revealed that Karti owned 25 properties abroad
The agency agreed to produce an interrogation report of Karti Chidambaram before the Supreme Court on September 11, the next date of hearing in this case.
Approval for FDI in sectors that fell under the ambit of the FIPB will now come from the ministries concerned and a fresh mechanism for the same is on the anvil, the Finance Minister said
CBI sources said that the investigation and documents in their possession showed that Karti was paid huge sums for facilitating approval from the finance ministry for foreign direct investment into INX Media in 2007
More trouble is likely for former finance minister P Chidambaram and son Karti as the Central Board of Direct Taxes (CBDT) is likely to initiate a probe into the reported irregularities in foreign investment approval for INX Media in 2007
Subramanian Swamy today said that the nation will soon know that Congress is the most corrupt party in the history of the world, adding that he was ‘content’ with the raids conducted by the CBI at Chidambaram and Karti's residences
New Delhi: As AgustaWestland remains mired in controversy, the Finance Ministry has sought inputs from the Defence Ministry about a FDI proposal from the Italian company for its joint venture with Tata Sons to assemble
The impact of the row over alleged kickbacks in the AgustaWestland helicopter deal has been witnessed in Parliament and the impact is now visible on other activities proposed by the company in India as well.
New Delhi: The Foreign Investment Promotion Board (FIPB) has cleared six FDI proposals envisaging foreign investment of Rs 1,810 crore, including that of IIFL Holdings."Based on the recommendations of FIPB in its meeting held on
London: Scottish oil and gas explorer, Cairn Energy plc has sacked nearly 40% of its employees as it faces capital constraints on not being able to sell $1 billion worth of stake, following a tax
New Delhi: The long-pending proposal of HDFC Bank to hike the overseas holding may be taken up by the Foreign Investment Promotion Board (FIPB) at its meeting tomorrow.HDFC Bank's proposal is expected to come up
New Delhi: With the Government on a fast-track to lure foreign investments, FIPB will consider as many as 48 FDI proposals, including that of HDFC Bank and about a dozen from the pharma sector, at
New Delhi: The controversial proposal of HDFC Bank to hike foreign holding may be taken up by the Foreign Investment Promotion Board (FIPB) in the next meeting following clarifications submitted by the bank. “The issue could
New Delhi: The insurance bill's consideration by the Rajya Sabha has been deferred after a meeting called to resolve differences failed to achieve a breakthrough and several opposition parties insisted the legislation be sent to
Chennai: The central government's proposal to approve foreign direct investment (FDI) in the insurance sector through the Foreign Investment Promotion Board (FIPB) is seen as clipping the sectoral regulator's wings and also a face saving
New Delhi: Meeting for the first time after the formation of the new Government, the FIPB proposes to take up 32 foreign direct investment proposals from the likes of Pfizer, BNP Paribas and Bulgari International
New Delhi: The final decision on HDFC Bank's proposal to raise foreign shareholding will be taken by the Foreign Investment Promotion Board, the Finance Ministry said today. “It (ambiguities in HDFC Bank's proposal) will be cleared
New Delhi: The controversial proposal of HDFC Bank to hike foreign holding is likely to be taken up by the Foreign Investment Promotion Board (FIPB) at its meeting on May 13. Sources said the proposal would
New Delhi: Foreign direct investment in the pharma sector has more than doubled to USD 1.07 billion during April-August period amid concerns over increasing acquisitions of domestic firms by multinationals.FDI in drugs and pharmaceuticals was
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