Union Finance Minister Nirmala Sitharaman and Israel’s Finance Minister Bezalel Smotrich signed a landmark Bilateral Investment Treaty (BIT) in New Delhi on Monday, marking a significant step in promoting investments between India and Israel. According to the finance ministry, this agreement makes Israel the first OECD member to adopt India’s new investment treaty model. The...
On Wednesday, the Delhi High Court granted anticipatory bail to Prabir Purkayastha, the founder of NewsClick, in a foreign funding case initiated by the Economic Offences Wing (EOW) of the Delhi Police. Justice Neena Bansal Krishna’s bench also approved anticipatory bail for Prabir in the money laundering case linked to the EOW investigation. “Bail granted,”...
New Delhi: On Wednesday, the Enforcement Directorate initiated a FEMA case against Myntra, an e-commerce platform backed by Flipkart, along with its associated companies and directors, for allegedly contravening FDI regulations amounting to over Rs 1,654 crore. Complaint filed under Section 16(3) of FEMA The ED stated that the complaint was lodged under Section 16(3)...