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India’s $1 trillion digital economy target by 2025 possible by improving digital business, fostering innovation

To capture India’s $1 trillion digital opportunity by 2025, it is important to reduce operating costs, improve investments in digital businesses and foster innovation, according to a report released on February 20. The report, India’s Trillion Dollar Digital Opportunity, was released by the Ministry of Electronics and Information Technology (MeitY) done in collaboration with McKinsey & Company. While India’s digital ... Read More »

Smuggling gold may be tough as border security to be beefed up

Kolkata: Smuggling gold into India is set to get tougher as the government is expected to tighten security along the borders in the aftermath of last week’s terror strike in Pulwama, gold traders and bullion dealers said. “Following this ghastly terror attack in Pulwama, it is expected that the government will beef up security in the border region. So, this ... Read More »

2 arrested at Imphal airport for smuggling drugs

Two people were arrested in separate incidents by the Narcotics and Affairs of Border (NAB) Police at Imphal International Airport Saturday for allegedly trying to smuggle out drugs. NAB sleuths seized 7.75 kg of opium from the baggage of a Madhya Pradesh resident who was to board an IndiGo flight for New Delhi from the Imphal airport, according to an ... Read More »

Indian-origin prof appointed director of South Africa’s Nelson Mandela School of Public Governance

An Indian-origin global negotiator has been appointed as the director of a renowned academic institution in South Africa. Professor Faizel Ismail will take charge as the director of the University of Cape Town’s (UCT) Nelson Mandela School of Public Governance from Professor Alan Hirsch in July. Ismail is known for his role in negotiating major agreements for South Africa, including ... Read More »

Centre vows to curb areca smuggling from Myanmar

The Centre has assured areca growers that it will take action against arecanut smuggling from other countries. A delegation of the heads of arecanut co-operatives from Karnataka, along with the elected representatives from areca-growing region, had met Union Home Minister Rajnath Singh, Union Minister for Commerce and Industry Suresh Prabhu, and Interim Finance Minister Piyush Goyal in New Delhi recently. ... Read More »

Passenger caught trying to smuggle leopard cub into India by hiding animal in checked bag

Customs officials in India intercepted a passenger after his flight who was trying to smuggle a one-month-old leopard cub through Chennai International Airport. The animal was discovered in the 45-year-old man’s checked luggage Saturday, according to the Times of India. “On Saturday morning, (air intelligence unit) officers noticed that a male passenger was moving in a suspicious manner in the ... Read More »

Gold, Forex Worth Over Rs. 1.8 Crores Seized At Delhi Airport, 4 Arrested

NEW DELHI: Four people have been arrested by the customs officials in separate cases for allegedly trying to smuggle gold and foreign currencies worth Rs. 1.88 crores at the Delhi airport, according to an official statement issued Monday. A man was intercepted by the customs officials on Sunday after his arrival from Riyadh via Bahrain. He was found to be ... Read More »

Airport officials catch Indian man smuggling leopard cub in his suitcase

Airport officials in Chennai, India, caught a man trying to smuggle a leopard cub which he had stuffed in his suitcase. The frail female cub was discovered after airport staff heard muffled cries while randomly searching passengers. According to reports in metro.co.uk, the staff asked the 45-year-old man to open his suitcase and were shocked to find the leopard cub. ... Read More »

Pakistani Singer Rahat Fateh Ali Khan Accused of Smuggling Foreign Currency, ED Issues Notice

Popular Pakistani Singer Rahat Fateh Ali Khan has been accused of smuggling illegal foreign currency in India for three years. According to an ABP News report, Khan had got $340,000 (Rs 2.42 crore) through illegal means of which he reportedly smuggled $225,000 (Rs 1.6 crore). India’s Enforcement Directorate (ED), which is currently investigating the case, has issued Khan a notice ... Read More »

Indian police investigate suspected people smuggling to NZ

NEW DELHI: Police in southern India are investigating a suspected attempt to illegally transport scores of Indians on an overcrowded boat to New Zealand. The additional superintendent of police in Kerala state said police were questioning people who failed to board the fishing boat, who said it left nine days ago for New Zealand. Sojan, who uses one name, said ... Read More »

Smuggled gold worth Rs 66.27 lakh seized at Hyderabad airport

Smuggled gold weighing nearly 2 kgs and valued at Rs 66.27 lakhs was seized from a passenger who arrived at the international airport on January 20, Directorate of Revenue Intelligence (DRI) said. Based on specific intelligence, DRI sleuths intercepted the passenger who arrived by a flight from Indore at 00:40 am on January 20, a release from the DRI’s (Hyderabad ... Read More »

24kg gold seized at Chennai airport, two South Koreans detained

CHENNAI: In yet another sensational seizure, Customs official at the city airport on Saturday seized as much as 24kg gold worth Rs 8 crore from two South Korean women who were trying o smuggle it into the country. Customs officials said Hanbyoul Jung, 26, and Eunyoung Kim, 26, had arrived from Hong Kong via Cathay Pacific flight CX 631. They ... Read More »

Air India SATS Staff Among 4 Arrested For Smuggling Gold At Delhi Airport

NEW DELHI: Four people, including an employee of Air India SATS, have been arrested by customs officials for allegedly trying to smuggle gold worth about Rs. 95 lakh into the country at the Delhi airport, according to an official statement issued today. Air India SATS, which is a 50:50 joint venture between Air India Limited and Singapore-based SATS Limited, offers ... Read More »

3 things that make India’s path to becoming fifth largest economy harder

India’s economy grew at a faster pace than most major nations in 2018, and this year, it’s poised to overtake the UK to become the world’s fifth-biggest. But that journey won’t be smooth. The outcome of a general election due by May is a potential pitfall for a nation already battered by emerging market turmoil and a currency rout last ... Read More »

Rajasthan: Man nabbed, beaten up in Alwar on suspicion of cow smuggling

A man was allegedly nabbed and beaten up by villagers in the jungles of Bagheri Khurd in Rajasthan’s Alwar district on the suspicion of smuggling cows. The victim, identified as Sagir Khan, was taking six cows in a pick-up van through a village in Alwar when he was nabbed and roughed up. The police soon reached the location and took ... Read More »

Public sector banks recovery against NPAs doubles this year

NEW DELHI: Public sector banks reported recovery of Rs 60,713 crore against non-performing assets (NPAs) in the first half of the current year, which is double of the amount recovered in the corresponding period last year and more significant returns on high-value accounts are expected, the government has said. In response to a parliamentary question, the finance ministry said following ... Read More »

Indian smuggling Shahtoosh shawls caught in Switzerland

An Indian man in illegal possession of Shahtoosh shawls made from the wool of wild Tibetan antelopes was apprehended by border guards in Basel. Swiss border guards seized five Shahtoosh wool shawls during a routine check on a train in Basel. The smuggler, a 53-year-old Indian citizen, had 122 shawls in his suitcase, including five made from the wool of ... Read More »

Two Nepalis held with 33 kg gold in Kolkata

The Directorate of Revenue Intelligence, India, has arrested two Nepalis with 33 kilograms of undeclared gold from West Bengal, which Nepali authorities said could be the precious metal that had disappeared mysteriously. The DRI said, “On the basis of specific intelligence, its officers intercepted a Maruti Swift VXI car with two occupants — Nepali citizens Rakesh Prasad and Hem Prasad ... Read More »

Man held for smuggling gold worth Rs. 79 lakh at Delhi Airport

NEW DELHI: A man was arrested at the Delhi airport for allegedly trying to smuggle into the country gold worth about Rs. 79 lakh, officials said. The 23-year-old man was intercepted by customs officials after his arrival from Riyadh earlier this week. “A detailed personal and baggage search of the passenger resulted in the recovery of 22 gold bars of ... Read More »

4 Apprehended at Chennai Airport While Trying to Smuggle in Gold Worth Rs 30 Lakh Concealed in Rectum

Chennai: Four people have been apprehended at the Chennai International Airport for trying to smuggle into the country 929 grams of gold worth Rs 30 lakh concealed in their rectum, a customs department official said Sunday. Muthuraman Poominadhan(21), Sahul Hameed (42), Mujib Rahman (50), Kalandar Abbas (27), all Indian passport holders, were intercepted upon their arrival from Colombo on Saturday ... Read More »