Listen to This Article. The Department of Financial Services on Tuesday asked private sector general insurance companies to coordinate with state governments and the Ministry of Road Transport and Highways to initiate a special drive to ensure compliance with the Motor Vehicles Act. In a meeting with the General Insurance Council and the chief ...
Depthfirst search (DFS) is an algorithm for traversing or searching tree or graph data structures. The algorithm starts at the root node (selecting some arbitrary node as the root node in the case of a graph) and explores as far as possible along each branch before backtracking. Extra memory, usually a stack, is needed to keep track of the nodes discovered so far along a specified branch ...
In its reply on May 24, the RBI has asked DRI to explore diplomatic or legal channels to get the information from the banks. Interestingly, the DRI probe into the alleged overvaluation of coal imports began in December 2014, under the then revenue secretary Shaktikanta Das, who is now the Governor of RBI. However, the agency's probe has not ...
The DRI communication to CBI in the case of ADAG firms has outlined the modus operandi of overinvoicing of coal imports from Indonesia. The DRI has alleged that money was being "siphoned" outside the country and the electricitygenerating firms were availing of "higher tariff compensation based on artificially inflated cost of the ...
The DRI is probing at least 40 companies including two companies of the Anil Dhirubhai Ambani Group (ADAG), two Essar Group firms and a few public sector power firms for alleged overvaluation of coal imports from Indonesia pegged at Rs 29,000 crore between 2011 and 2015. In March 2016, DRI issued a general alert to its field formations across ...
On October 10, hearing a case regarding the alleged ove rinvoicing of Indonesian coal imported by the Adani Group, the Supreme Court clubbed the matter with another case related to alleged smuggling of dutyfree gold by a Hyderabadbased jeweller.. It was in November 2019, that the DRI had moved the apex court against a Bombay High Court order in favour of the Adani Group.
Energy giants EDF and Drax have ruled out the extension of their coal power units that were used as backup plants in case of high energy demand. Yesterday, ELN reported that the electricity system ...
As a step towards amassing scale, Secretary, Department of Financial Services (DFS), will also be taking a meeting with the heads of all public sector banks on April 13, 2023 to ensure that the campaign reaches maximum eligible beneficiaries, it said. PMJJBY offers life insurance cover of Rs 2 lakh in case of death due to any reason to people ...
India's coal production grows pc to 73 MT in April; despatch rise pc to MT: Coal Ministry. India's coal production rose by % to million tonnes in April 2023, according to the ministry of coal. In April 2022, the country's overall coal production was at MT, as per the ministry data.
The Danish government has signed a new political agreement with eight parties which implies that it will have a 20% coownership in future carbon storage licenses in the North Sea.
DFS Secretary Vivek Joshi (file photo) The Indian government has nominated Department of Financial Services Secretary Vivek Joshi as a director on the Reserve Bank of India 's central board. "The nomination of Vivek Joshi is effective from November 15, 2022 and until further orders," the central bank said in a statement.
The coal scam cases are under strict monitoring of the Supreme Court, which periodically seeks status reports from the CBI and ED, the two agencies probing the cases. ... Last year, a Delhi court sentenced former Coal Secretary H C Gupta to three years imprisonment after convicting him in the MoiraMadhujore coal blocks allocation case. Former ...
The Extraordinary Tale Of USS Salmon's Escape From Destruction. How the World War IIera submarine USS Salmon survived near catastrophic damage in 1944 is a truly incredible story. BY Oliver ...
On 25 May 2022, the Danish Business Authority informed Danfoss it had decided to take no further actions and no longer be involved in the case. As previously announced, on April 1, 2022, Danfoss decided to initiate a controlled exit from Russia. Following its exit from Russia, Danfoss will not sell products to Russia.
Various agencies come on a single platform to share best practices to mitigate cyberattacks and frauds 70 lakh mobile connections involved in cybercrime/ financial frauds reported through digital intelligence platforms disconnected so far Rs. 900 crore defrauded money saved, benefitting lakh victims Various measures discussed and identified to safeguard citizens from financial frauds
The position of the new DFS secretary fell vacant just a day ahead of the presentation of the Union Budget when Debashish Panda failed to get an extension after completing his tenure. The current ...
In 2016, he said the DRI had alleged that 40 Indian companies including Adani Enterprises, Adani Power, Adani Wilmar, Adani Power Maharashtra and Adani Power Rajasthan were overinvoicing imported Indonesian coal with the goal of "siphoningoff money abroad" and "to avail higher power tariff compensation based on artificially inflated cost of the imported coal".
AEL in its petition in the Bombay High Court claimed the LRs were issued by DRI without cognizance of any offence or registering of First information Report against the Adani firms in the coal also said that the LRs were issued without any notice and hearing the companies.. The DRI probe against Adani and other companies began after the agency issued a general alert to its field ...
Mumbai: 'You can't do much about demandside constraints', says Anil Swarup former coal secretary in an exclusive conversation with ET believes that while the increase in demand postpandemic second wave is out of our hands, the stagnating coal production by Coal India at 600 mn metric tonnes for the past three years is part of the problem that India currently faces.
In a sensational twist to the Hindalco coal block allocation case, a special court here on Wednesday summoned former Prime Minister Manmohan Singh as an accused while summarily rejecting the CBI ...
Under Secretary of Defense for Policy Dr. Colin Kahl joined Deputy Secretary of State Wendy Sherman and Principal Deputy National Security Advisor Jon Finer during travel to Kyiv today to meet ...
The coal case now before the Supreme Court does not challenge the EPA's authority to regulate greenhouse gases as a pollutant under the Clean Air Act, which the Supreme Court established in the ...
A coal policies advisory group that, under the Trump administration, has steered the Department of Energy (DOE) toward subsidized coal extraction is unlawfully operating behind closed doors ...
The Directorate of Revenue Intelligence (DRI) has decided to get strict with State Bank of India (SBI) and Bank of Baroda (BoB) for hiding evidence against corporate entities involved in the Rs 29,000 crore coal import scam and not cooperating in the investigation against them.
An investigation by the Directorate of Revenue Intelligence into overinvoicing of imports of coal and power generating equipment has tasted defeat in a tribunal. The DRI intends appealing the tribunal's decision. A Delhi based company, Knowledge Infrastructure Systems Private Limited, which has been accused of overinvoicing coal imported from Indonesia and had faced penalties imposed on it ...
The All India Power Engineers' Federation (AIPEF) has written to the Prime Minister and other government offices demanding that the government direct the Adani group to hand over the documents sought by the Directorate of Revenue Intelligence (DRI) in its probe into the overinvoicing of coal imports in the case of the Kawai power plant in Rajasthan.
Posted On: 17 OCT 2023 8:35PM by PIB Delhi. Dr Vivek Joshi, Secretary, Department of Financial Services (DFS), Ministry of Finance, chaired a meeting with General Insurance Council and the leaders and CEOs of private sector general insurance companies in New Delhi, today. Several critical issues having implications for the general insurance ...
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