The UIDAI has blacklisted or suspended around 1,000 operators while FIRs have been filed against 20 individuals in the last three months for malpractices such as charging for Aadhaar enrolment.
Sebi today imposed a penalty of Rs 8 lakh on Inditrade Capital (formerly known as JRG Securities) for non-settlement of running accounts of the clients on a periodical basis under stock brokers' norm.
Insurance regulator Irdai has slapped a fine of Rs 20 lakh on private insurer ICICI Prudential Life. The insurer in a regulatory filing said that IRDAI had conducted an onsite inspection of the company in December 2013.
If you do not maintain monthly average balance (MAB) in your savings account then be ready to pay hefty fines that could go up to Rs 600.
There are many with income above basic exemption limit who do not file returns even though it is mandatory. However, stiff penalties proposed to levied in Budget 2017 for late filing would ensure that taxpayers file their returns in time.
In a bid to check generation of black money, a steep penalty awaits those accepting cash in excess of Rs 3 lakh, beginning April 1, to settle any transaction.
Idea Cellular today moved Delhi High Court against TRAI's recommendation to impose penalty of Rs 950 crore on the telecom firm for allegedly not providing interconnection to Reliance Jio (RJIO), even as DoT said the plea was premature.
The Competition Commission of India's penalty of Rs 206 crore on seven cement companies is likely to shave off "under 2 percent of operating profits" of the players, India Ratings and Research (Ind-Ra) said today.
Reserve Bank today said it has imposed a penalty of Rs 3 crore on Lakshmi Vilas Bank for contravention of instructions on opening and operation of current accounts, among others
The Cabinet today approved promulgation of an ordinance to impose a penalty, including a jail term, for possession of the scrapped 500 and 1,000 rupee notes beyond a cut-off.
Centre on Wednesday approved an ordinance that imposes penalties for possessing old notes beyond a certain limit and indulging in transactions with junked notes of Rs 500 and Rs 1000.
The penalties stem from an initiative launched by U.S. President Barack Obama to pursue banks for selling sub-prime debt without warning of the risks, a practice that led to the worst economic crisis since the Great Depression.
The CFTC said in a statement that Goldman Sachs Group Inc attempted on "many occasions" from January 2007 to March 2012 to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix benchmark.
The proposed amendment is likely to increase the tax rate from 30 percent to close to 60 percent. The I-T department has also proposed to add powers to confiscate and prosecute.
While trying to pay off your debts is a good move, it is not always financially advantageous.
For the Income Tax department, shortage of manpower is not a new trouble. What is new is the herculean task of assessing accounts with deposits of Rs 2.5 lakh or more in the old currency.
The announcement of a 200-percent penalty on high-value deposits has run into trouble, CNBC-TV18 learns from government sources.
Over 300 construction sites were penalised for violating dust pollution norms in Delhi, although the drive against open burning of waste did not gather as much steam. Analysis of data shared by the Delhi R
Mining giant Vedanta Resources has paid more than USD 2 billion (over Rs 13,300 crore) in taxes, royalties, licence fees and other payments to India in the last financial year ended March 2016.
The Indian government has sent out about 700,000 notices to suspected tax evaders to coax them to declare hidden income and assets, promising they won't be pursued by the authorities if they pay a penalty now to clear their name.
Regulator Irdai has imposed a penalty of Rs 10 lakh on SBI Life Insurance Company for violations of various norms, including guidelines on accepting business from a corporate agent after the expiry of licence.
RBI today directed banks to accept tax dues in cash under the domestic black money declaration scheme which closes on September 30.
The exploration of KG-D6 block by Reliance Industries (RIL) had led to migration of gas from the adjacent KGDWN-98/2 block operated by ONGC, which led to a loss to the exchequer, a report by the Justice AP Shah panel submitted to the government concluded yesterday.
The case dated back to 2011 when AMV Rak, a cargo vessel owned by Delta Shipping Marine Services sank off the coast of Mumbai, thereby causing oil spill.
"The RBI has imposed a monetary penalty of five lakh each on Zila Sahakari Kendriya Bank Maryadit, Raipur, and Raipur Urban Mercantile Cooperative Bank Limited," a statement from RBI's regional office here said.