The US's largest Ponzi scheme convict Bernie Madoff passed away on April 14 at federal prison's medical facility in Butner, North Carolina. The 82-year-old had a natural death, a year after the court denied his lawyer's request to release him considering medical reasons. Nonetheless, he pleaded guilty of running an investment scam in March 2009. Reportedly, around $13 billion of his investors have been recovered out of $17.5 billion.
Courtesy: Money control
The Commerce Ministry, in its latest data, has revealed that India's Foreign Direct Investment (FDI) inflow soared by 37% to $43.85 billion during April-November 2020. It stated that the FDI inflow was highest-ever for the first eight months of a FY, surpassing FY 2019-20 collection ($32.11 billion). Citing the FDI reforms and investment facilitation introduced by the government, the ministry reported the total FDI inflow, including ploughed… read-more
Central Board of Direct Taxes (CBDT) stated that the deadline for filing Income Tax Returns (ITR) has been extended till December 31, 2020. For ITRs which require a report on international and domestic transactions, the deadline has been pushed to January 31, 2021. The extension has been announced for a second time to provide relief to the self-assessment tax payers.
Courtesy: Live Mint