Thursday November 21, 2019
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ED notice to NDTV for ‘FEMA violation’, not legally tenable says channel

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New Delhi: The Enforcement Directorate (ED) has issued a show-cause notice to private broadcaster NDTV about alleged violations of Foreign Exchange Management Act (FEMA) as the latter said it was not “legally tenable”.

The company, in a filing to the Bombay Stock Exchange, said it had on Thursday (November 19) received a show-cause notice in the name of Executive Co-Chairpersons Prannoy Roy and Radhika Roy as well as Executive Vice-Chairperson KVL Narayan Rao and NDTV Studios Ltd from the Directorate of Enforcement as to why adjudication proceedings should not be held for alleged contraventions of provisions of FEMA.

NDTV said it had been advised that the allegations of the contraventions of provisions of FEMA in the show cause notice were not legally tenable and it will reply to the same in due course of time.

NDTV had filed the notice during market hours, resulting in a sharp fall in its stock price by 7 percent. The stock which opened at Rs 87.35 on Friday morning fell sharply to Rs 82.40 before recovering to Rs 85.75, a decline of 2.56 per cent.

(IANS)

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Central Government to Launch ‘One Nation, One Ration Card’ Scheme in a Bid to Curb Corruption

There will also be the creation of a Central Repository of all RCs which will help in checking duplication

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one nation, one ration card, corruption
An Indian agency distributing ration. Wikimedia Commons

In a bid to curb corruption and dependence on one Public Distribution System (PDS) shop, the Central government will launch the ‘one nation, one ration card’ scheme.

The scheme, according to Union Minister of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan, will ensure that all beneficiaries especially migrants can access PDS across the nation from any shop of their own choice.

The Minister asserted that the biggest beneficiary of this will be those migrant labourers who move to other states to seek better job opportunities and will ensure their food security. “This will provide freedom to the beneficiaries as they will not be tied to any one PDS shop and reduce their dependence on shop owners and curtail instances of corruption,” the Ministry said in a statement.

ration card scheme, corruption
There will also be the creation of a Central Repository of all RCs which will help in checking duplication. Wikimedia Commons

It added that in the next two months, beneficiaries of Telangana and Andhra Pradesh will be able to access the PDS shops. The objective of the department is to ensure that this is implemented nationally in a time bound manner.

ALSO READ: Dr Harsh Vardhan Orders Ban on Sale of Biscuits in his Ministry; Only Healthy Snacks to be Served

At present, the Integrated Management of PDS (IMPDS) is a system that is already operational in Andhra Pradesh, Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Maharashtra, Rajasthan, Telangana and Tripura wherein a beneficiary can avail his share of food grain from any district in the state. Other states have also assured that IMPDS will be implemented at the earliest, the statement said.

There will also be the creation of a Central Repository of all RCs which will help in checking duplication. (IANS)