Indian authorities raid shell companies across country
Prime Minister Narendra Modi
New Delhi - Arab Today
Indian authorities on Saturday raided hundreds of shell companies in a nationwide crackdown.
Sleuths of the country's Enforcement Directorate carried out searches across 100 locations, including the eastern cities of Kolkata and Patna, the northern city of Chandigarh, the western city of Ahmedabad, financial capital Mumbai and the Indian capital, sources said.
However, no one has yet been arrested by the Enforcement Directorate during the raids, a senior government official said.
The raids were conducted weeks after Prime Minister Narendra Modi's office is said to have identified more than 15,000 paper companies which do not conduct any operations but are used to launder money and evade taxes.
In a televised speech to the nation on Nov. 8, Modi announced the scrapping of currency notes of 500 rupees (7.5 U.S. dollars) and 1,000 rupees in a bid to curb the menace of black money and prevent circulation of fake notes among terrorists. (1 Indian rupee = 0.015 U.S. dollar)
Source: Xinhua
- Wednesday ,03 October GMT 04:30 2018 Russia, India to sign more than 20 document during Putin’s visit to India
GMT 13:30 2018 Friday ,05 October
Vladimir Putin and Modi begin talks in New DelhiGMT 04:30 2018 Wednesday ,03 October
Russia, India to sign more than 20 document during Putin’s visit to IndiaGMT 15:17 2018 Tuesday ,02 January
India buys missiles from Israel ahead of Netanyahu’s visitGMT 04:04 2017 Sunday ,24 December
Saudi-India ties take a leapGMT 17:42 2017 Tuesday ,12 December
UAE Embassy in New Delhi receives 88 wounded Yemenis
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 15:58 2017 Wednesday ,29 March
10 new quasi-hangar facilities set up in Damietta furniture city project
GMT 10:47 2017 Saturday ,02 December
Saudis say thousands of arms seized
GMT 23:26 2017 Thursday ,30 November
DAE Leases five Boeing 9-787 Dreamliners to Gulf Air
GMT 19:45 2017 Monday ,20 February
Sarah Belamesh designs antiques of "ceramic"
GMT 04:21 2017 Sunday ,15 October
Peshmerga denies Iraqi government gave it 48 hours to leave Kirkuk
GMT 14:56 2017 Sunday ,26 February
Berkshire profit climbs 15% to $6.29 billion on investments
GMT 09:06 2017 Saturday ,07 October
Business urged to take govt role in clean energy quest
GMT 14:02 2017 Wednesday ,18 October
US author George Saunders wins 2017 Man Booker Prize
GMT 17:41 2018 Thursday ,06 December
Israeli forces halt construction of school facility in Nablus
GMT 07:28 2018 Monday ,19 November
Pleasant weather forecast for three days
GMT 19:37 2018 Wednesday ,31 October
Syrian people set example in struggle against imperialism
GMT 08:17 2018 Tuesday ,16 January
No Brexit deal would cost Scotland £12.7bn: study
GMT 21:46 2017 Monday ,13 February
Drone crashes in southern Iranian port town
GMT 09:51 2016 Saturday ,03 December
US moves to block Chinese purchase of tech firm Aixtron
GMT 08:53 2017 Friday ,17 February
Custodian of the Two Holy Mosques Meets Bahraini Crown Prince, Malaysian Defense Minister
GMT 07:50 2014 Monday ,01 December
China CNR signs sales contract of trains to Malaysian company
GMT 16:32 2016 Saturday ,19 November
GFH to invest AMA Group a subsidiary of Bahrain based GFH Financial Group
GMT 21:49 2017 Thursday ,30 March
Syrian opposition rejects 'any role' for Assad
GMT 14:21 2013 Sunday ,04 August
Looking for garden trends and styles
GMT 18:00 2017 Wednesday ,01 March
Morocco: to withdraw from Western Sahara tension zone
GMT 11:52 2017 Monday ,17 April
Moushtrayat 2017 Conference Sees Big Turnout from Entrepreneurs
GMT 05:20 2017 Thursday ,29 June
US fraud trial underway for pharma bad boy Shkreli
GMT 03:28 2016 Friday ,10 June
Deans backs Coetzee to transform Springboks
GMT 04:41 2017 Sunday ,07 May
Encouraging new moms to come back to work
GMT 16:43 2017 Sunday ,06 August
Four dead, eight injured as soldier opens fire on Iran military base
GMT 01:31 2015 Wednesday ,18 March
Nintendo shares marked up 21% on plan to enter smartphone gaming
GMT 10:08 2017 Saturday ,25 February
The danger of a crash landing in high-flying stocks, bonds
GMT 09:15 2017 Friday ,25 August
Dora no Explorer: TV network axes Philippine resort plan after outcry
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor