The Hindu National
์ค๋ ์ฑํฅ
๊ธฐํ
RBI issues compounding order for FEMA violations in Myntra Designs case
The order, involving a one-time payment of โน2.88 lakh, has been passed following a โno objectionโ from the ED
๐ฎ๐ณ ์ธ๋ ยท "OBJECTION" ยท ์ด 14๊ฑด
ํํฐ ๋ณด๊ธฐํ์ฌ ์ง์
50.0
0 = ๋ถ์ ์ฐ์ธ
50 = ์ค๋ฆฝ
100 = ๊ธ์ ์ฐ์ธ
์ต๊ทผ 7์ผ ๊ธฐ์ค 6,198๊ฑด์ ๋ถ์ํ ๊ฒฐ๊ณผ, ๋ด์ค ์ฌ๋ฆฌ์ง์๋ 50.0(๊ท ํ)์ ๋๋ค. ๊ธ์ 0๊ฑด(0.0%)ยท์ค๋ฆฝ 6,198๊ฑด(100.0%)ยท๋ถ์ 0๊ฑด(0.0%)์ด๋ฉฐ, ์ค๋ฆฝ ๋น์ค์ด ๋๋ ทํ๊ฒ ๋์ต๋๋ค. ์ฑํฅ ์ง์๋ ์ข ํฉ 0.0(์ค๋ ๊ท ํ)์ ๋๋ค.
The order, involving a one-time payment of โน2.88 lakh, has been passed following a โno objectionโ from the ED
Justice Jyoti Singh, in an interim order, restrained third parties from selling merchandise bearing Mr. Chaitanyaโs name and image without consent, and directed the removal of the objectionable content from online platforms
The Reserve Bank of India (RBI) has compounded certain violations of the Foreign Exchange Management Act (FEMA) by Myntra Designs Private Limited, paving the way for the closure of an Enforcement Directorate (ED) investigation into the matter.In a statement issued on Thursday, the ED said the RBI passed a compounding order on April 20, 2026 under Section 15 of FEMA after receiving a "No Objection" from the agency. The order resulted in the termination of the investigation against the company for the alleged contraventions.The case stemmed from an ED probe initiated in July 2025 on the basis of what the agency described as credible information regarding possible FEMA violations by Myntra, linked companies and directors for FDI "contravention" of over Rs 1,654 crore.According to the ED, the violations related to delays in submitting Annual Performance Reports (APRs) for overseas investments and undertaking overseas direct investment commitments before complying with reporting requirements.The RBI compounded two contraventions. The first involved a delay in submitting APRs under the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004, covering transactions worth Rs 42.85 crore. The second related to undertaking financial commitments through overseas direct investment despite pending APR submissions, involving Rs 3.03 crore.The company subsequently approached the RBI seeking compounding of the violations under Section 15 of FEMA."On reference from RBI, the ED issued no objection for such compounding in line with the true spirit of the Act," the agency said.Following the ED's no-objection, the RBI compounded the violations through its order dated April 20, 2026, on payment of a one-time amount of Rs 2.88 lakh.
A probe has found that the hotel did not possess a valid Fire No Objection Certificate
A devastating fire at a Malviya Nagar hotel, reportedly operating with 25 rooms despite a six-room license, claimed 21 lives. Sealed windows and malfunctioning sensor gates hampered escape, with preliminary findings suggesting the blaze originated near the ground floor staircase. The building also lacked a fire No Objection Certificate.
Suvendu Adhikari has said people should say Vande Mataram if they want to live in this country, amid AIMPLBโs opposition to Bengalโs school order.
The final publication of the voter list will take place on October 7, 2026, following the disposal of all claims and objections by the ERO
Fresh disagreements have emerged regarding Ladakh's political future. The Leh Apex Body claims the Centre omitted crucial details from a draft record of recent talks. They are demanding corrections and warning of renewed protests, including hunger strikes. The Ladakh chief secretary stated the summary document was shared in good faith and invited objections.
UDF representatives, listed as witnesses, stopped from deposing before panel reviewing National Testing Agency amid row over neutrality
New Delhi: The Centre has withdrawn the draft Sugarcane (Control) Order, 2026, saying it needs to be revisited in the light of objections received from state governments and other stakeholders.The Food Ministry had circulated the draft for public comments, with a May 20 deadline.Also Read: Sugarcane FRP hiked to Rs 365/quintal for 2026-27 season"Based on the suggestions/comments received from state governments and other stakeholders, it is considered necessary to revisit the draft Sugarcane (Control) Order, 2026," the ministry said in an office memorandum.The draft sought to replace the 60-year-old Sugarcane (Control) Order, 1966, with a new regulatory framework that proposed, among other things, bringing the ethanol and khandsari sectors under government regulation.The move drew opposition from khandsari units and farmers. The draft had proposed redefining a khandsari unit as one with more than 10 workers and a crushing capacity of over 500 tonnes per day. Under the existing rules, a khandsari unit is defined as one with 20 or more workers, with no capacity limit.Also Read: Gujarat govt's 'revolutionary' decision to provide Rs 1,500 cr financial relief to sugar cooperativesSources said the proposed definition would have brought a large number of small-scale, labour-intensive units under the regulatory ambit, adversely affecting farmers who generally receive better prices from khandsari units than from sugar mills.BJP MP Sanjeev Balyan, who represents Muzaffarnagar in Uttar Pradesh, said on social media the government had decided to withdraw the order "in the interest of farmers"."This demonstrates that under the leadership of Prime Minister Narendra Modi, the government formulates every policy by placing the consent of the farmers and their welfare above all," he said.
AIMIM chief Asaduddin Owaisi criticized what he termed a double standard regarding religious practices, stating that if offering namaz on roads is deemed wrong, then restrictions should apply equally to all faiths, citing Article 25 of the Constitution. He questioned why objections are raised against Muslim prayers but not religious processions of other communities.
The Food Safety and Standards Authority of India (FSSAI) termed the act, if true, objectionable as it could lead to food contamination.
SIR and ECI: What was the controversy? What were the objections? What did EC say? What is the Supreme Court's verdict? News18 explains
Decides against lodging formal objection; acknowledges BEMLโs greening efforts on its Mysuru campus