fdi (foreign direct investment)

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    Illegal Remittances Lead to ₹184 Crore Penalty in Newsclick Case

    New Delhi, February 16 – An adjudicating authority under the Foreign Exchange Management Act, 1999 (FEMA) imposed a penalty of ₹184 crore on controversial journalist and production company owner Prabir Purkayastha and his firm for violating FDI norms and illegal foreign inward remittances, an ED...
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