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HAWALA MARKET
NCB cracks major India-Myanmar drug syndicate; key Myanmar-based kingpin Chintuang arrestedThe Narcotics Control Bureau has arrested Thancintuang, a key Myanmar-based drug trafficker. He is a major supplier of Methamphetamine and ...- Jihadi drug explained: What is Captagon? 227.7 kg of tablets & powder worth Rs 182 crore seized in India’s 'Operation Ragepill'Jihadi drug: India has achieved its first-ever seizure of Captagon, a synthetic stimulant known as the ‘Jihadi drug’, valued at Rs 182 cror...
- One of Iran's most powerful families founded its largest crypto exchange. It's used by the IRGC to move millionsIran's largest cryptocurrency exchange, Nobitex, is controlled by the sons of the influential Kharrazi family, who concealed their ties for...
- In hawala universe, it's a partial eclipse of dollarThe Indian money market's hawala sector is experiencing an unusual discount on the dollar-rupee exchange rate, a shift attributed to stalle...
- Why can't Centre have clear cut policy on Bitcoin trade? SC asksThe Supreme Court has urged the Centre to establish a clear policy for regulating cryptocurrency, highlighting its potential impact on the ...
- DeFi can't hold a candle to the centuries-old trust-based system called hawalaThe appeal of changing money into TerraUSD, a stablecoin that promised 1:1 convertibility into dollars, lay in the near-20% yield on TerraU...
- CAIT urges govt to probe Chinese goods imported via hawala routeThe traders' body urged the govt to start a high level enquiry at Indian ports to bring an end to the crony nexus.
- Income Tax department conducts raids across Mumbai, New Delhi and ChandigarhRaids were carried out in Delhi, Mumbai and some cities in Punjab after reports of traders taking old Rs 500 and Rs 1000 notes.
- Demonetisation cripples hawala operations: Mumbai PoliceHawala (informal and illegal money transfer) transactions of around Rs 2,000 crore take place in Mumbai every day, according to the police.
- High import duty on bullion leads to malpracticesTop trade associations of the country have now brought this to the finance ministry's notice while calling for a rationalisation of the 10 ...
- MHA asks ED to act against terror funding from abroadHome Ministry has asked the Enforcement Directorate to take urgent steps to check pumping of illicit money which poses a threat to internal...
- Hawala is business by another nameAt the bottom of hawala is compelling business logic. When India banned gold imports and it had to be smuggled to meet local demand, busine...
- Hawala - Malaysia's largest illegal tradeThe Reserve Bank is also considering serious measures to curb illegal money transfers by imposing a new set of guidelines and stepping up s...
- Hawala club moves into the shadowsCrackdowns in the wake of the Koda case and security concerns have made cash couriers wary.
- CBI probing 'Hawala' racket in Satyam fraud caseThe CBI is trying to ascertain the role of 'hawala' operators who allegedly brought in crores of rupees from abroad. All About Mahindra Sat...
- Take steps to curb terror funding, America tells IndiaUS said India should fortify legislations that deal with terror financing.
- The hawala route to global oil futuresIn the face of a melting stock market, some of the seasoned investors and commodity traders are betting on global crude oil futures, by rou...
- Punters now have no futures overseasRBI bars forex remittance under $100,000 liberalised scheme for trade in derivatives.
- Good money bad moneyIt works. It’s safe. It’s hassle-free. Better still, it assures just-in-time delivery. Sorry guys, we aren’t talking Western Union.
- New norms to check hawalaThe Income-Tax department is finally beginning to sink its teeth into the full extent of the hawala racket. In the last four months, massiv...
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