Bernie Madoff died at 82 in a prison at Butner, North Carolina

Photo: AP News

US's Biggest Investment Scam Convict Passes Away At Federal Prison

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.

Thu, 15 Apr 2021 - 06:20 PM / by Neha Sanjeev

Tags: Ponzi scam, Ponzi scheme, Finance, Investments

Courtesy: Money control

Representational photo: Foreign Direct Investment.

Photo: KPMG International

India Records Highest FDI Inflow For First 8 Months In FY 2020-21: Govt

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

Thu, 28 Jan 2021 - 11:26 AM / by Harsh Vardhan

Tags: Commerce and Industry Ministry, FDI, Finance, National

Courtesy: WION

Representational Image of Tax

Photo: Representational Image / Economic Times

CBDT Extends Deadline for ITR Filing, Self-Assessment Tax Payment

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.

Sat, 24 Oct 2020 - 03:55 PM / by Mahadevan K V

Tags: Income Tax, IT-Returns, Self-Assement Taxes, Finance

Courtesy: Live Mint