SEVERE PENALTIES
Canada beat Venezuela on penalties to reach Copa America semi-finals
Copa America debutants Canada will face Argentina in New Jersey on Tuesday for a chance to play in the July 14 final. The semi-final will be a rematch of the tournament's opener, in which the defending champions Argentina claimed a 2-0 win. The North American side became the fourth CONCACAF team to reach the semi-finals of Copa America, after Mexico, Honduras and the United States.
Are public executions on the rise in North Korea? The Hermit Kingdom seeks to curb cultural influence from South Korea
A report by the South Korean Ministry of Unification has pointed out that there are a growing number of public executions in North Korea. The hermit kingdom has actively sought to curb cultural influence from its southern neighbor and there are severe punishments to enforce these laws.
Advance tax first instalment payment deadline: Who has to pay, penalty for missing last date
Advance tax payment: Individuals with a net income tax liability exceeding Rs 10,000 in any financial year must make advance tax payments. Net tax liability is the estimated tax amount after deducting the TDS (tax deducted at source) within the financial year. If your total tax liability after considering TDS is more than Rs 10,000, you are expected to pay advance tax.
GST Council proposes interest, penalty waiver on tax dues
"Our intent is to make GST assessees' life easier, simpler and less cumbersome... We are working towards less and less compliance," Union finance minister Nirmala Sitharaman, chairperson of the body, told reporters after the council's 53rd meeting that was held in the capital.
GST Council proposes interest, penalty waiver on tax dues
The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, empowered tax authorities to waive interest and penalties on past tax demands, aiming to ease compliance for GST assessees.
China threatens death penalty for 'diehard' Taiwan separatists
China threatens death penalty for extreme cases of Taiwan independence separatists, despite lack of jurisdiction. China plans to punish separatists severely and defend national unity. The new guidelines, based on existing laws, allow for military action against Taiwan if it secedes. Chinese official warns of death penalty for secession crime. Taiwan government is yet to respond. Previous legal measures against Taiwanese officials had little effect due to lack of jurisdiction.
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President Murmu rejects mercy plea of Pakistani terrorist Mohammed Arif convicted in Red Fort attack case
President Droupadi Murmu has rejected the mercy petition of Pakistani terrorist Mohammed Arif alias Ashfaq, convicted in the 24-year-old Red Fort attack case, marking her second rejection of a mercy plea since taking office. The Supreme Court had previously upheld Arif's death sentence in November 2022, emphasizing the attack's threat to India's unity and sovereignty.
Up to Rs 1 lakh penalty or jail time; 8 Aadhaar-related criminal offenses, penalties
Aadhaar fraud: Aadhaar number is verified/authenticated by agencies through various modes as prescribed under the Aadhaar Act, 2016. Following are the criminal offences and penalties provided in the Aadhaar Act, 2016 (as amended).
IRS warns against false tax returns, threatens fines and criminal proceedings. Here are details
Internal Revenue Service or IRS has issued a warning against false filing of tax returns. The penalties could include a steep fine and/or initiation of criminal proceedings.
HC quashes penalty order issued to Tata Chemicals and others over 'substandard iodized salt'
The Nagpur bench of the Bombay High Court has overturned a 2016 ruling by the Food Safety Appellate Tribunal in Maharashtra's Buldhana, which penalized Tata Chemicals Limited and others for allegedly producing and selling substandard iodized salt. Justice Anil L Pansare directed the FSSAI to ensure procedural compliance and transparency going forward.
Canada fines Binance $4.38 mln for money laundering violations
Canada's anti-money laundering agency on Thursday said it had imposed a nearly C$6 million ($4.38 million) fine on cryptocurrency exchange Binance for violating the money laundering and terrorist financing laws.
Nithari killings: SC agrees to hear plea of victim's father against acquittal of Surendra Koli
The Supreme Court has agreed to hear a plea challenging Allahabad High Court's order acquitting Surendra Koli in the 2006 Nithari serial killings case. A bench of Justice BR Gavai, Justice Satish Chandra Sharma and Justice Sandeep Mehta issued a notice on an appeal filed by one Pappu Lal, the father of one of the victims.
NFRA debars auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
The National Financial Reporting Authority (NFRA) has barred auditors of M/s Brightcom Group for up to ten years and imposed heavy monetary penalties on them, citing professional misconduct in auditing the company between FY20 and FY22.
How Vietnam's real estate tycoon got caught in a 'Blazing Furnace' in country's biggest $12.5-billion corruption scam
Truong My Lan, chairwoman of Van Thinh Phat Holdings Group, has been sentenced to death for her role in a $12.5 billion financial fraud, the largest in Vietnam's history. The verdict is part of Vietnam's crackdown on corruption led by General Secretary Nguyen Phu Trong, with 84 defendants receiving sentences ranging from probation to life imprisonment. Lan's case highlights the pervasive nature of corruption in Vietnam's state and economy, with the "Blazing Furnace" campaign targeting senior officials and business executives.
Can you withdraw Post Office MIS before maturity? MIS premature withdrawal rules and penalties explained
Post Office Monthly Income Scheme Account (MIS): Did you invest in MIS? Then you must know the rules and conditions for withdrawing your money prematurely. Read here to know more about Post Office Monthly Income Scheme Account (MIS) and when is interest paid if you close it prematurely.
From kid gloves to sucker punch: What recent RBI crackdowns on JM Financial, IIFL and Paytm Payments Bank show
The Reserve Bank of India (RBI) has been increasingly imposing penalties on banks and non-banking finance companies for violating its rules. The move from a consultative approach to monetary policy and forming regulations has led to a paradigm shift in its approach to addressing regulatory breaches. The RBI has ordered Paytm Payments Bank to shut down its business for not complying with rules regarding know your customer (KYC) and prevention of money laundering, eroding its market value by nearly half in a matter of days.
Donald Trump avoids 'corporate death penalty', but his business will still get slammed
A New York judge spared former President Donald Trump the corporate death penalty in a civil case alleging fraudulent financial representations for loans and benefits. However, Trump faces significant penalties, including hefty fines, external oversight of his companies, and borrowing restrictions. The ruling includes a ban on Trump serving as an officer or director in any New York corporation for three years and prohibits him from obtaining loans from New York-chartered banks.
Donald Trump hit with $354.9 million penalty, 3-year ban in New York civil fraud case
Justice Arthur Engoron, in a sharply worded decision issued after a contentious three-month trial in Manhattan, also banned Trump, who is running to regain the presidency this year, from serving as an officer or director of any New York corporation for three years. Trump's lawyer Alina Habba vowed to appeal.
Assam cabinet introduces bill to ban 'magical healing'
The Assam cabinet unveils the Assam Healing (Prevention of Evil) Practices Bill, 2024, to curb deceptive magical healing methods. Those exploiting vulnerable individuals will face strict penalties, aligning with Chief Minister Himanta Biswa Sarma's agenda. The cabinet also greenlights initiatives like a Wildlife Safari & Rescue Centre and urban development projects, showcasing a commitment to holistic growth and administrative efficiency in Assam.
India's hockey team lose 3-4 against Germany in shoot-out, to face Japan for Paris berth
In the 35th minute, India got a great chance to take the lead from a counter-attack but Deepika's push from close range was easily padded away by German goalkeeper Julia Sonntag. Seconds later, Germany bagged their second penalty corner but the Indian backline was rock solid, which weathered several German raids.
Ex-President Donald Trump set to face jury over sex abuse and defamation claims
Former President Donald Trump is set to face a trial to determine how much more he owes writer E. Jean Carroll for denying sexual assault in the 1990s. The judge has warned Trump and his lawyers not to say anything about Carroll's past romantic relationships, sexual disposition, or prior sexual experiences, and to not imply she was motivated by political agendas, financial interests, mental illness, or otherwise.
ET Explainer: How complaints will be dealt with under Telecommunications Act
The Telecommunications Act 2023 introduces an enhanced online grievance redressal system to expedite dispute resolution between telecom companies and consumers. Here’s an ET Explainer on the key players and how the grievance redressal system will work.
SAT quashes Sebi penalty against NSE and others in dark-fibre case
The tribunal has set aside the total penalty of Rs 7 crore imposed by Sebi on NSE and has reduced the penalty on Ramkrishna from Rs 5 crore to Rs 25 lakh. Sebi had initiated investigation after it received complaints which alleged irregularities with respect to certain brokers availing point to point dark fibre connectivity from Sampark Infotainment.
Qatar court accepts ex-Indian navy personnel's appeal against death sentence
A Qatari court has acknowledged the appeal document for eight ex-Indian naval personnel facing death sentences, as sources confirm India's appeal against the verdict. India's Ministry of External Affairs labels the judgment 'confidential' and urges discretion due to sensitivity. Consular access was granted, with the case drawing attention and caution.
SC warns Patanjali of hefty penalties for publishing false claims in ads
The Supreme Court has warned Patanjali Ayurved, a company co-founded by yoga guru Ramdev, against making false and misleading claims in advertisements about its herbal products as cures for various diseases. The court has issued notices to the Union health ministry and Ministry of Ayush and Patanjali Ayurved Ltd, alleging a smear campaign by Ramdev against vaccination drives and modern medicines.
RBI imposes monetary penalty on PNB, Federal Bank, and two NBFCs
The penalty was imposed on Punjab National Bank due to several violations, including levying SMS charges on certain accounts despite maintaining invalid mobile numbers in the Core Banking Solution (CBS), not strictly adhering to the interest rates as per the pre-disclosed schedule in several term deposit accounts, and failing to specify the interest reset date in MCLR-linked loans.
Peru implements stricter penalties: Cellphone thieves can now face life imprisonment | Details
Peru's government has implemented tough measures against cellphone theft, including the potential for life imprisonment in cases resulting in a victim's death. Recently approved by Congress, these adjustments to the country's penal code went into effect on Thursday. The primary goal is to combat the growing issue of mobile device theft nationwide.
Republican White House hopefuls embrace killing criminals to fight crime
Several Republican contenders for the 2024 presidential nomination have proposed a blunt policy of killing criminals as a means to combat crime. This approach, while not entirely new, appears to be more prevalent in this Republican primary race. The reasons behind this include little blowback for former President Donald Trump's rhetoric toward crime during his term and an increased concern among voters about crime.
CCI releases draft regulations to bust cartels under leniency-plus regime
The Competition Commission of India (CCI) has introduced draft regulations for the 'leniency-plus' regime, which will reward companies under investigation for being part of a cartel if they proactively report other cartels they are involved in. If ratified, the CCI can reduce penalties by up to an additional 30% for a company involved in the first cartel and up to 100% for its involvement in the newly-disclosed cartel.
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