English हिन्दी
Connect with us

India News

ED issues show cause notice to Byju’s for Rs 9000 crore foreign funding laws violation

The ed-tech company has, however, denied receiving any such communication from the authorities.

Published

on

The Enforcement Directorate on Tuesday has issued a notice to edtech major Byju’s, asking it to pay Rs 9,000 crore for allegedly violating foreign funding laws, as per reports. The ed-tech company has, however, denied receiving any such communication from the authorities.

During multiple search and seizure operations, the investigation agency unearthed various incriminating documents and digital data. The searches reportedly revealed that the company has received foreign direct investment (FDI) to the tune of approximately Rs 28,000 crore during the period from 2011 to 2023.

Furthermore, the company has also remitted roughly Rs 9,754 crore to several foreign jurisdictions during the same period in the name of overseas direct investment. Reports said that the ed-tech company has booked nearly Rs 944 crore in advertising and marketing expenses, including the amount remitted to foreign jurisdictions.

The ed-tech company has reportedly not prepared its financial statements since the financial year 2020-21 and has not had its accounts audited, which is a mandatory process. The investigation agency suspects the genuineness of the figures provided by the company and these are now being cross-examined by banks. Notably, the investigation against the platform was initiated on the basis of various complaints received from various private persons.

During the probe carried out by the ED, several summons were issued to Byju Raveendran. Nonetheless, he has never appeared during the investigation.

Reacting to the news, the edtech major has posted on its official X handle that it has not received any such communication. It stated that Byju’s unequivocally denies media reports that insinuates Byju’s of any FEMA violation. The statement added that the company has not received any such communication from authorities.

Meanwhile, the ed-tech company has also faced serious allegations regarding its functioning as parents have accused them of coercing them into buying expensive courses and then backtracking on promises. Byju’s has also faced allegations of treating its employees poorly and made headlines for laying off thousands as it tries to cut costs.

India News

Shinde Sena MLA offers Rs 11 lakh reward for chopping off Rahul Gandhi’s tongue, sparks row  

Such violent statements against the Leader of Opposition will not be tolerated at all in a democracy, she said while addressing a press conference.

Published

on

Sanjay Gaikwad, an MLA of Maharashtra Chief Minister Eknath Shinde-led Shiv Sena, sparked a row on Monday after he announced a reward of Rs 11 lakh to anyone who will “chops off the tongue” of Leader of Opposition in Lok Sabha Rahul Gandhi over his statement on reservation in the US.

Gaikwad’s statement comes days after the Rae Bareli MP, in the United States, said that the Congress party would think of scrapping reservations.

Speaking to reporters, the Shinde Sena MLA said, “Rahul Gandhi made a statement regarding giving an end to reservation in the country at a time when the demands for reservation are rising.”

“Rahul Gandhi wants to end reservation for backward tribals and others and hence he is using the language of ending it,” Gaikwad said.

“In the recent Lok Sabha elections, Gandhi spread a false narrative to get votes. Today he is speaking the language of ending reservation from the country and has shown the real face of the Congress. This is my challenge whoever chops off Rahul Gandhi’s tongue will be given a reward of Rs 11 lakh on my behalf,” he added.

The Shiv Sena MLA called Gandhi’s remarks the biggest treachery of the people and said communities like Marathas, Dhangars and OBCs are fighting for reservation but before that, Gandhi is talking about ending its benefits.

He continued saying that Congress leader Gandhi used to show the Constitution book and spread a fake narrative that the BJP would change it.

“But it is the Congress that plans to take the country back by 400 years. On one hand, demands of reservation are rising in Maharashtra, and there Rahul Gandhi made a statement to end reservation in the country,” Gaikwad added.

Meanwhile, Congress spokesperson Supriya Shrinate slammed Shiv Sena and its ally in Maharashtra, BJP, after Gaikwad’s disgusting remarks against Gandhi.

Addressing a press conference, Shrinate asked who is behind such violent statements that BJP leaders and their allies are using against the Opposition leader. “Whose protection do they enjoy?” Shrinate said.

Such violent statements against the Leader of the Opposition will not be tolerated at all in a democracy, she said.

“If Prime Minister Narendra Modi and Union Home Minister Amit Shah do not take action against these people then it is clear that this is being done at their behest,” the Congress spokesperson said.

The BJP, however, has distanced itself from Gaikwad’s remarks. Maharashtra BJP president Chandrashekar Bawankule said he does not support or endorse the Shiv Sena MLA’s statements.

Continue Reading

India News

Karnataka: 6 boys held for riding two-wheelers with Palestinian flag

They also shouted slogans on ‘free Palestine’, according to police.

Published

on

Six minors were apprehended after a video of them allegedly riding two-wheelers holding the Palestinian flag surfaced on social media platforms, Karnataka Police said on Monday.

According to police, the incident took place on Sunday around 1 pm on Dantaramakki road in Chikkamagaluru town in Karnataka.

The official said that three of the 6 boys were on a two-wheeler and one of the pillion rider, a 17-year-old boy was allegedly holding and waving a Palestinian flag while three of their friends followed them on another bike.

They also shouted slogans on ‘free Palestine’, according to police.

A senior police officer said that police apprehended all the six boys involved in the incident. They are all minors, he added.

The police have registered a case under appropriate sections of Bharatiya Nyaya Sanhita, including sections for disturbing communal harmony, a police officer said. Adding that both the vehicles have been seized along with the flag, according to news agency PTI.

The police found during the interrogation that the boys had watched some videos of a procession in Uttar Pradesh in which people were seen carrying Palestinian flags and so they wanted to make a similar reel on Instagram.

Speaking on the matter earlier today, former BJP national General Secretary and MLC CT Ravi alleged that without permission a rally was held yesterday in more than 20 two-wheelers and one four-wheeler holding a Palestine flag.

Ravi said: “I have got information that some influential people had tried to influence in favour of the people involved, more than 200 people came in front of the police station, so an explanation was sought and they were let go. I urged the police for a detailed probe and to destroy the network behind them, the incident should not be taken lightly.”

Continue Reading

India News

Amit Shah says will bury terrorism in Jammu & Kashmir to such level, nobody can dare revive it

The Union Home Minister said that he had promised the Gurjars that the reservation would be given to Pahadis without affecting the previous one.

Published

on

Union Home Minister Amit Shah on Monday asserted that there were attempts to revive terrorism in Jammu and Kashmir, and added that it will be “buried to such a level” in the Union Territory that it can never rise again.

Addressing a public rally in Kishtwar, Shah said the National Conference-Congress alliance will not be able to form the J&K government.

“We will bury terrorism to such a level where it will never come out again. Attempts are on to revive terrorism as the National Conference and Congress manifesto talks about releasing terrorists. This is the Modi government and nobody has the power to revive terrorism in Jammu and Kashmir,” Shah said addressing an election rally in Padder-Nagseni assembly segment in support of  BJP’s candidate and former minister Sunil Sharma here.

“This election is between two powers, on one side National Conference and PDP and on the other BJP. The NC and Congress are saying that if we form the government we will restore Article 370. Tell me should it be restored? Your reservation, given by BJP to Paharis and Gujjars and others, will be snatched.

Launching a scathing attack on the alliance party in UT, the senior BJP leader said the Congress and National Conference have always nourished terrorism. “In the 1990s, Farooq Abdullah was the CM, you were elected after an agreement with Rajeev Gandhi. When the Kashmir Valley was soaked in blood due to terrorism, where were you? You went to London for a summer vacation,” he added.

“Nehru, Gandhi and Abdullah family spread terrorism here and now they want your blessings again. They boycotted the Kashmiri Pandits, spread terrorism and delayed reservation, do you want that NC-Congress again?” he said.

The Union Home Minister said that he had promised the Gurjars that the reservation would be given to Pahadis without affecting the previous one. “And now, the Modi government has given reservation to Pahadis without touching the Gurjar reservation. Now the Gurjars and Pahadis have tribal reservation, now your children can also become Collectors and DSPs,” he added.

“PM Modi abolished the rule of the three families and established Panchayati Raj in the state. The children will represent in the Vidhan Sabha and the Lok Sabha soon. PM Modi wants to make a Viksit J&K and wants to give the right of reservation to the OBC also,” Shah said.

This was the home minister’s second visit to Jammu region within a fortnight. Earlier, during his two-day visit to Jammu on September 6 and 7, he released BJP’s manifesto for J-K assembly elections and addressed a workers convention.

Monday is the last day for campaigning in 24 assembly constituencies, including Padder-Nagseni, which goes to polls in the first phase on September 18.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com