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Diversity India’s natural way of life: LG Sinha

Attends 'Rishiwar' Inter-Faith ConferenceSRINAGAR: The Lieutenant Governor, Manoj Sinha Thursday attended the ‘Rishiwar’ Inter-Faith Conference 2026 in Srinagar. Speaking on the occasion, the...

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Jammu & Kashmir

Public welfare remains foremost priority of Govt: Sakeena

SRINAGAR, JUNE 04: Minister for Health and Medical Education, Social Welfare and Education, Sakeena Itoo Thursday presided over a Mega Public Outreach Programme at Banquet Hall here during which scores of public delegations, individuals and representatives of civil society organizations projected their grievances and developmental demands.MLA Eidgah, Mubarik Gul; MLA Hazratbal, Salman Ali Sagar; MLA Lal Chowk, Sheikh Ahsan Pardesi; MLA Chanapora, Mushtaq Ahmad Guroo; Director School Education Kashmir, ADDC Srinagar, Director Colleges, other senior officers of district administration and large number of locals and public delegations were also present on the occasion.Interacting extensively with the participants, Minister Sakeena Itoo patiently listened to their concerns and assured them that the Government remains fully committed to addressing...

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BUSINESS

RBI issues compounding order for FEMA violations in Myntra case

New Delhi:  The Reserve Bank of India (RBI) has issued a compounding order, under Section 15 of the Foreign Exchange Management Act, 1999 (FEMA), in the case of M/s Myntra Designs Private Limited, which has resulted in the termination of investigation against the company for alleged contraventions of the provisions of FEMA, with a fine of Rs 2.88 lakh, according to a statement issued by the Directorate of Enforcement (ED) on Thursday. The order has been passed by the RBI after issuance of "no objection" by the Directorate of Enforcement, the statement said. Section 15 provides a mechanism for individuals or companies to voluntarily admit to a violation of FEMA regulations, pay a penalty, and...

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