Chennai fishing boats detained in Andhra Pradesh: State government steps in for their release
Chennai fishing boats detained in Andhra Pradesh: State government steps in for their release
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Fema a civil law, RBI alone can compound offences, says ED
The Enforcement Directorate clarified Fema's role as civil legislation for voluntary compliance. Reserve Bank of India is the competent authority for compounding eligible contraventions. The ED issues a no-objection certificate to the central bank for compounding offenses. RBI recently closed a Fema case against Apothecon Pharmaceuticals after a penalty. This action follows master directions prescribing a compounding matrix for determining amounts.
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The rift follows Italy’s renewed demand for Nicaragua to extradite the man convicted of former prime minister's killing.
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How serious is Iran’s threat to disrupt shipping in the Red Sea?
After the Strait of Hormuz, Iran's IRGC warns it could next target Bab al-Mandeb.