July 3, 2026

To avoid legal battles, ED settles 150 Fema cases with RBI nod | India News

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To avoid legal battles, ED settles 150 Fema cases with RBI nod | India News


To avoid legal battles, ED settles 150 Fema cases with RBI nod

NEW DELHI: Faced with a pile of cases under the Foreign Exchange Management Act (Fema) and eager to avoid prolonged legal battles, the Enforcement Directorate is settling for large-scale compounding of offences and termination of adjudication proceedings after obtaining the Reserve Bank of India’s approval.In the last 15 months, more than 150 Fema cases have been terminated by the RBI on the basis of “no-objection certificates” (NOC) issued by the ED.Many of these cases had been pending for years. One terminated last month involved Apollo Hospitals and its directors over alleged Fema violations of around Rs 850 crore. The hospital paid over Rs 17 crore and its directors Rs 18 lakh each, following which the RBI terminated the proceedings.Since Jan, the RBI has compounded 45 such cases based on ED NoCs. Flipkart subsidiary Myntra paid Rs 2.8 lakh to settle a long-pending case related to delay in filing an annual performance report on transactions exceeding Rs 45 crore. Kakinada Seaports Ltd paid Rs 21.7 lakh, while Genpact India Pvt Ltd paid Rs 4.7 lakh to close Fema proceedings.In such cases, the accused applies to the RBI for compounding. Proceedings are terminated after an ED NOC and payment of the agreed penalty.“By shifting from a purely punitive policing model to a facilitative one, the ED significantly enhances the ease of doing business in India,” ED director Rahul Navin said.The ED has designated a special director (adjudication) as nodal officer for RBI NOCs and centralised all Fema and Fera adjudication cases at its headquarters for faster disposal.



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Hardeep Singh Puri NEW DELHI: Seeking to allay public fears over ethanol-blended fuel, petroleum minister Hardeep Singh Puri Thursday said a “make-believe” narrative had been unleashed on social media over the past few days.Addressing a press conference, the minister said the reduction in mileage of an E20-fuelled vehicle is “minor”. “It is well established that when you have ethanol in a vehicle, which they use in racing cars also, the acceleration increases, knocking improves. Mileage may drop a little, but it can happen because of many other reasons also,” he said. Puri added that insurance companies had also issued clarifications regarding vehicle coverage.Puri said his ministry had compiled a 15-page note tracing the journey of ethanol blending, listing the countries where it is practised. The note will also answer people’s concerns.The note stated that “misleading videos, selectively edited clips and sensational social media posts” were being circulated with the objective of “creating fear amongst vehicle owners” regarding the use of E20 fuel.Puri said India adopted 20% ethanol blending in petrol after consulting all stakeholders, including SIAM and ARAI, and would move to 25% blending only after completing all necessary tests. The minister said the concept of ethanol blending was not new and prominent car maker Henry Ford called it the “fuel of the future”.Get the latest India news and live updates. Download the TOI App.About the AuthorAtul MathurAtul Mathur is a Senior Assistant Editor at The Times of India with over 27 years of experience in journalism. Based in Delhi, he has spent much of his career reporting on governance, public policy and politics, churning out researched, data-driven stories that impact daily lives. Atul is known for investigative depth and strong human-interest narratives as he strives to bring clarity and context to complex issues. He currently tracks the energy sector, writing on power, renewable energy, coal and mines.Read MoreEnd of ArticleFollow Us On Social MediaVideosUnesco Warns Pakistan Over ‘Reconstructions’ At Taxila, Threatens Danger ListNHAI Under Fire As Delhi-Dehradun Expressway Develops Major Potholes 3 Months After Inauguration’Insult To Shivaji, Bhagat Singh’: CJP Founder Dipke Demands ACP’s Suspension Over Library RowMission Aagaman Explained: How Vikram-1 Could Make Indian Space History60-Year-Old Mumbai Man Dies After Falling Into Open Manhole, 4 BMC Officials SuspendedIndian Navy’s INS Trikand Thwarts Piracy Attempt On India-Bound Vessel In Gulf Of AdenWest Bengal Passes Tough Public Order Laws: What The Recovery And Preventive Detention Bills MeanJapan PM Takaichi In India: Top 10 Items On The Agenda As She Meets PM Modi54 Years of the Shimla Agreement: Why India Says Pakistan Violated the Spirit of the PactChina’s Proposed Bangladesh Corridor Could Open A New Strategic Route Into The Indian Ocean123PhotostoriesShoaib Ibrahim’s father gets discharged from hospital after 37 days; Dipika Kakar gets emotional before second infusion5 most effective ways to make money through social media in 20265 fascinating animals that glow in the darkThere are only 3 American states that start with the letter ‘C’; here’s why every traveller on a U.S trip should visit themWhat are chemical-free cosmetics? 5 things no clean cosmetic brand should have that every woman should know about5 superfoods that reduce seasonal hair fall naturally5 reasons devotees cry for Krishna during moments of deep devotionAlia Bhatt redefines airport glam with heritage Gucci tote and classic Frankie Shop layering7 viral techniques people are using to keep mice away without poisonJuly gardening guide: 7 flowers, fruits, and vegetables to plant in the UK123Hot PicksTrump tariffsNHL TradeEPF Scheme 2026NFL TradeIncome Tax Return FilingMumbai rainNovak DjokovicMicrosoft layoffsIndia Japal TradeTop TrendingCapgemini Bengaluru DaycareDelhi Hit and RunBengaluru Triple MurderFIFA World Cup 2026EPF Scheme 2026US Iran warBy-election datesConnor McDavidManish TewariLando Norris

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Amarnath Yatra (File photo) JAMMU: J&K Lieutenant Governor Manoj Sinha flagged off the first batch of pilgrims for the twin base camps of Amarnath Yatra 2026 from Jammu’s Bhagwati Nagar base camp under elaborate security arrangements early Thursday, as chants of “Bam Bam Bhole”, “Har Har Mahadev”, and “Jai Barfani Baba Ki” rang in the air.The 57-day pilgrimage to the cave shrine dedicated to Lord Shiva in the Kashmir Himalayas will begin July 3 via the traditional Nunwan-Pahalgam route in Anantnag and the Baltal route in Ganderbal. The yatra will conclude on Aug 28, on Rakshabandhan.After performing a special puja, Sinha flagged off the first batch of more than 4,800 pilgrims travelling in 259 vehicles. “Shri Amarnath Ji Yatra is a sacred path where devotion meets spiritual awakening. I wish all devotees a safe, comfortable, blissful, and spiritually fulfilling journey. May this holy pilgrimage bring immense joy and divine peace to all,” LG Sinha said.J&K DGP Nalin Prabhat, LoP Sunil Sharma, BJP MP Jugal Kishore Sharma, local BJP legislators, senior civil and police officials, and representatives of various religious organisations were present at the flag-off ceremony. Pilgrims praised the facilities, with Baba Goga Nath of Junagarh Akhara describing the journey as a blessing.J&K administration, Shri Amarnath Ji Shrine Board, J&K Police, Army and security forces have put extensive measures in place. Dry runs have been conducted to check security and other arrangements for the yatris, who will be escorted by armoured vehicles. Traffic police have imposed highway restrictions from July 2 to Aug 28, with daily advisories and sector-wise cut-off timings.J&K Police have launched “Project Hawk Eye” for aerial surveillance along the Pahalgam route. Security measures include 28 high observation posts (machan morchas), 22 specially trained sniper teams, 416 high-resolution CCTV cameras and Facial Recognition System infrastructure at critical locations. Ministry of Home Affairs has also approved the deployment of 670 additional companies of paramilitary forces in the Valley for the yatra.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosUnesco Warns Pakistan Over ‘Reconstructions’ At Taxila, Threatens Danger ListNHAI Under Fire As Delhi-Dehradun Expressway Develops Major Potholes 3 Months After Inauguration’Insult To Shivaji, Bhagat Singh’: CJP Founder Dipke Demands ACP’s Suspension Over Library RowMission Aagaman Explained: How Vikram-1 Could Make Indian Space History60-Year-Old Mumbai Man Dies After Falling Into Open Manhole, 4 BMC Officials SuspendedIndian Navy’s INS Trikand Thwarts Piracy Attempt On India-Bound Vessel In Gulf Of AdenWest Bengal Passes Tough Public Order Laws: What The Recovery And Preventive Detention Bills MeanJapan PM Takaichi In India: Top 10 Items On The Agenda As She Meets PM Modi54 Years of the Shimla Agreement: Why India Says Pakistan Violated the Spirit of the PactChina’s Proposed Bangladesh Corridor Could Open A New Strategic Route Into The Indian Ocean123Photostories5 most effective ways to make money through social media in 20265 fascinating animals that glow in the darkThere are only 3 American states that start with the letter ‘C’; here’s why every traveller on a U.S trip should visit themWhat are chemical-free cosmetics? 5 things no clean cosmetic brand should have that every woman should know about5 superfoods that reduce seasonal hair fall naturally5 reasons devotees cry for Krishna during moments of deep devotionAlia Bhatt redefines airport glam with heritage Gucci tote and classic Frankie Shop layering7 viral techniques people are using to keep mice away without poisonJuly gardening guide: 7 flowers, fruits, and vegetables to plant in the UK”You are putting dead food into a living body”: Sadhguru on impact of eating old bread; 6 healthy desi breakfast alternatives123Hot PicksTrump tariffsNHL TradeEPF Scheme 2026NFL TradeIncome Tax Return FilingMumbai rainNovak DjokovicMicrosoft layoffsIndia Japal TradeTop TrendingCapgemini Bengaluru DaycareDelhi Hit and RunBengaluru Triple MurderFIFA World Cup 2026EPF Scheme 2026US Iran warBy-election datesConnor McDavidManish TewariLando Norris

Amarnath Yatra (File photo) JAMMU: J&K Lieutenant Governor Manoj Sinha flagged off the first batch of pilgrims for the twin base camps of Amarnath Yatra 2026 from Jammu’s Bhagwati Nagar base camp under elaborate security arrangements early Thursday, as chants of “Bam Bam Bhole”, “Har Har Mahadev”, and “Jai Barfani Baba Ki” rang in the air.The 57-day pilgrimage to the cave shrine dedicated to Lord Shiva in the Kashmir Himalayas will begin July 3 via the traditional Nunwan-Pahalgam route in Anantnag and the Baltal route in Ganderbal. The yatra will conclude on Aug 28, on Rakshabandhan.After performing a special puja, Sinha flagged off the first batch of more than 4,800 pilgrims travelling in 259 vehicles. “Shri Amarnath Ji Yatra is a sacred path where devotion meets spiritual awakening. I wish all devotees a safe, comfortable, blissful, and spiritually fulfilling journey. May this holy pilgrimage bring immense joy and divine peace to all,” LG Sinha said.J&K DGP Nalin Prabhat, LoP Sunil Sharma, BJP MP Jugal Kishore Sharma, local BJP legislators, senior civil and police officials, and representatives of various religious organisations were present at the flag-off ceremony. Pilgrims praised the facilities, with Baba Goga Nath of Junagarh Akhara describing the journey as a blessing.J&K administration, Shri Amarnath Ji Shrine Board, J&K Police, Army and security forces have put extensive measures in place. Dry runs have been conducted to check security and other arrangements for the yatris, who will be escorted by armoured vehicles. Traffic police have imposed highway restrictions from July 2 to Aug 28, with daily advisories and sector-wise cut-off timings.J&K Police have launched “Project Hawk Eye” for aerial surveillance along the Pahalgam route. Security measures include 28 high observation posts (machan morchas), 22 specially trained sniper teams, 416 high-resolution CCTV cameras and Facial Recognition System infrastructure at critical locations. Ministry of Home Affairs has also approved the deployment of 670 additional companies of paramilitary forces in the Valley for the yatra.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosUnesco Warns Pakistan Over ‘Reconstructions’ At Taxila, Threatens Danger ListNHAI Under Fire As Delhi-Dehradun Expressway Develops Major Potholes 3 Months After Inauguration’Insult To Shivaji, Bhagat Singh’: CJP Founder Dipke Demands ACP’s Suspension Over Library RowMission Aagaman Explained: How Vikram-1 Could Make Indian Space History60-Year-Old Mumbai Man Dies After Falling Into Open Manhole, 4 BMC Officials SuspendedIndian Navy’s INS Trikand Thwarts Piracy Attempt On India-Bound Vessel In Gulf Of AdenWest Bengal Passes Tough Public Order Laws: What The Recovery And Preventive Detention Bills MeanJapan PM Takaichi In India: Top 10 Items On The Agenda As She Meets PM Modi54 Years of the Shimla Agreement: Why India Says Pakistan Violated the Spirit of the PactChina’s Proposed Bangladesh Corridor Could Open A New Strategic Route Into The Indian Ocean123Photostories5 most effective ways to make money through social media in 20265 fascinating animals that glow in the darkThere are only 3 American states that start with the letter ‘C’; here’s why every traveller on a U.S trip should visit themWhat are chemical-free cosmetics? 5 things no clean cosmetic brand should have that every woman should know about5 superfoods that reduce seasonal hair fall naturally5 reasons devotees cry for Krishna during moments of deep devotionAlia Bhatt redefines airport glam with heritage Gucci tote and classic Frankie Shop layering7 viral techniques people are using to keep mice away without poisonJuly gardening guide: 7 flowers, fruits, and vegetables to plant in the UK”You are putting dead food into a living body”: Sadhguru on impact of eating old bread; 6 healthy desi breakfast alternatives123Hot PicksTrump tariffsNHL TradeEPF Scheme 2026NFL TradeIncome Tax Return FilingMumbai rainNovak DjokovicMicrosoft layoffsIndia Japal TradeTop TrendingCapgemini Bengaluru DaycareDelhi Hit and RunBengaluru Triple MurderFIFA World Cup 2026EPF Scheme 2026US Iran warBy-election datesConnor McDavidManish TewariLando Norris

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Ladakh SRINAGAR: Over a month after talks between Ladakh groups and a Union home ministry (MHA) sub-committee in Delhi, informal parleys are slated to be held Friday in Leh with central officials.“The meeting will focus on minutes of the last meeting and other issues,” Kargil Democratic Alliance (KDA) co-chairman Sajjad Kargili said. He made it clear that unlike earlier, it will not be a formal sub-committee or high-powered panel meeting.Additional MHA secretary Lokhande Prashant Sitaram will lead the talks. Leh Apex Body member and environmentalist Sonam Wangchuk will not attend the meeting as he is away in Delhi on a hunger strike at Jantar Mantar in a Cockroach Janata Party (CJP) protest.The Union Territory had on June 23 observed a complete shutdown against the Centre’s alleged backtracking on understandings reached during a May 22 meeting with MHA officials in the national capital. Wangchuk had attended that meeting.LAB and Kargil Democratic Alliance (KDA), the region’s two main political groups that had called the bandh, have alleged that draft minutes of the May meeting omitted an agreement on a proposed legislative body with authority over the bureaucracy as well as constitutional safeguards for Ladakh through a provision similar to Article 371. They insist the two “essentials” should be included.Several rounds of talks have been held with the Centre on Ladakh since 2023. The process stopped after four people were killed and over 80 injured on Sept 24, 2025, in alleged police firing on protesters in Leh demanding statehood. LAB’s Wangchuk was accused of inciting the protesters, arrested, charged under NSA and kept in Jodhpur jail. The Centre revoked his NSA detention in March this year. After his release, Wangchuk has pressed for talks.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosUnesco Warns Pakistan Over ‘Reconstructions’ At Taxila, Threatens Danger ListNHAI Under Fire As Delhi-Dehradun Expressway Develops Major Potholes 3 Months After Inauguration’Insult To Shivaji, Bhagat Singh’: CJP Founder Dipke Demands ACP’s Suspension Over Library RowMission Aagaman Explained: How Vikram-1 Could Make Indian Space History60-Year-Old Mumbai Man Dies After Falling Into Open Manhole, 4 BMC Officials SuspendedIndian Navy’s INS Trikand Thwarts Piracy Attempt On India-Bound Vessel In Gulf Of AdenWest Bengal Passes Tough Public Order Laws: What The Recovery And Preventive Detention Bills MeanJapan PM Takaichi In India: Top 10 Items On The Agenda As She Meets PM Modi54 Years of the Shimla Agreement: Why India Says Pakistan Violated the Spirit of the PactChina’s Proposed Bangladesh Corridor Could Open A New Strategic Route Into The Indian Ocean123Photostories5 most effective ways to make money through social media in 20265 fascinating animals that glow in the darkThere are only 3 American states that start with the letter ‘C’; here’s why every traveller on a U.S trip should visit themWhat are chemical-free cosmetics? 5 things no clean cosmetic brand should have that every woman should know about5 superfoods that reduce seasonal hair fall naturally5 reasons devotees cry for Krishna during moments of deep devotionAlia Bhatt redefines airport glam with heritage Gucci tote and classic Frankie Shop layering7 viral techniques people are using to keep mice away without poisonJuly gardening guide: 7 flowers, fruits, and vegetables to plant in the UK”You are putting dead food into a living body”: Sadhguru on impact of eating old bread; 6 healthy desi breakfast alternatives123Hot PicksTrump tariffsNHL TradeEPF Scheme 2026NFL TradeIncome Tax Return FilingMumbai rainNovak DjokovicMicrosoft layoffsIndia Japal TradeTop TrendingCapgemini Bengaluru DaycareDelhi Hit and RunBengaluru Triple MurderFIFA World Cup 2026EPF Scheme 2026US Iran warBy-election datesConnor McDavidManish TewariLando Norris

Ladakh SRINAGAR: Over a month after talks between Ladakh groups and a Union home ministry (MHA) sub-committee in Delhi, informal parleys are slated to be held Friday in Leh with central officials.“The meeting will focus on minutes of the last meeting and other issues,” Kargil Democratic Alliance (KDA) co-chairman Sajjad Kargili said. He made it clear that unlike earlier, it will not be a formal sub-committee or high-powered panel meeting.Additional MHA secretary Lokhande Prashant Sitaram will lead the talks. Leh Apex Body member and environmentalist Sonam Wangchuk will not attend the meeting as he is away in Delhi on a hunger strike at Jantar Mantar in a Cockroach Janata Party (CJP) protest.The Union Territory had on June 23 observed a complete shutdown against the Centre’s alleged backtracking on understandings reached during a May 22 meeting with MHA officials in the national capital. Wangchuk had attended that meeting.LAB and Kargil Democratic Alliance (KDA), the region’s two main political groups that had called the bandh, have alleged that draft minutes of the May meeting omitted an agreement on a proposed legislative body with authority over the bureaucracy as well as constitutional safeguards for Ladakh through a provision similar to Article 371. They insist the two “essentials” should be included.Several rounds of talks have been held with the Centre on Ladakh since 2023. The process stopped after four people were killed and over 80 injured on Sept 24, 2025, in alleged police firing on protesters in Leh demanding statehood. LAB’s Wangchuk was accused of inciting the protesters, arrested, charged under NSA and kept in Jodhpur jail. The Centre revoked his NSA detention in March this year. After his release, Wangchuk has pressed for talks.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosUnesco Warns Pakistan Over ‘Reconstructions’ At Taxila, Threatens Danger ListNHAI Under Fire As Delhi-Dehradun Expressway Develops Major Potholes 3 Months After Inauguration’Insult To Shivaji, Bhagat Singh’: CJP Founder Dipke Demands ACP’s Suspension Over Library RowMission Aagaman Explained: How Vikram-1 Could Make Indian Space History60-Year-Old Mumbai Man Dies After Falling Into Open Manhole, 4 BMC Officials SuspendedIndian Navy’s INS Trikand Thwarts Piracy Attempt On India-Bound Vessel In Gulf Of AdenWest Bengal Passes Tough Public Order Laws: What The Recovery And Preventive Detention Bills MeanJapan PM Takaichi In India: Top 10 Items On The Agenda As She Meets PM Modi54 Years of the Shimla Agreement: Why India Says Pakistan Violated the Spirit of the PactChina’s Proposed Bangladesh Corridor Could Open A New Strategic Route Into The Indian Ocean123Photostories5 most effective ways to make money through social media in 20265 fascinating animals that glow in the darkThere are only 3 American states that start with the letter ‘C’; here’s why every traveller on a U.S trip should visit themWhat are chemical-free cosmetics? 5 things no clean cosmetic brand should have that every woman should know about5 superfoods that reduce seasonal hair fall naturally5 reasons devotees cry for Krishna during moments of deep devotionAlia Bhatt redefines airport glam with heritage Gucci tote and classic Frankie Shop layering7 viral techniques people are using to keep mice away without poisonJuly gardening guide: 7 flowers, fruits, and vegetables to plant in the UK”You are putting dead food into a living body”: Sadhguru on impact of eating old bread; 6 healthy desi breakfast alternatives123Hot PicksTrump tariffsNHL TradeEPF Scheme 2026NFL TradeIncome Tax Return FilingMumbai rainNovak DjokovicMicrosoft layoffsIndia Japal TradeTop TrendingCapgemini Bengaluru DaycareDelhi Hit and RunBengaluru Triple MurderFIFA World Cup 2026EPF Scheme 2026US Iran warBy-election datesConnor McDavidManish TewariLando Norris

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