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ED raids on I-PAC offices irk Mamata

Financial Express Kolkata

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January 09, 2026

CENTRAL AGENCY SAYS IT’S PART OF AN ONGOING PROBE, CM CALLS IT A ‘PLOY’

- PRESS TRUST OF INDIA

THE ENFORCEMENT DIRECTORATE on Thursday carried out searches at the office of the political consultancy firm Indian Political Action Committee (I-PAC) and the residence of its Director Pratik Jain in Kolkata, triggering high drama, as West Bengal Chief Minister Mamata Banerjee unexpectedly storming into the sites during raids, alleging that the central agency was trying to seize the TMC’s sensitive data ahead of the high-stakes state elections.

In a strong rebuttal, the ED, which maintained that the searches were part of a money laundering probe into an alleged multi-crore rupee coal pilferage scam, accused Banerjee of obstructing a lawful investigation and claimed that she and the state police forcibly removed “key evidence” during the raids.

Financial Express Kolkata'den DAHA FAZLA HİKAYE

Financial Express Kolkata

Trade deal stalled as Modi didn’t call Trump: US Commerce Secy

ATRADE PACT between India and the United States stalled last year because Prime Minister Narendra Modi did not make a telephone call to President Donald Trump ahead of a deal, US Commerce Secretary Howard Lutnick said on Friday.

time to read

1 min

January 10, 2026

Financial Express Kolkata

Major reforms expected in customs procedures

AS FINANCE MINISTER Nirmala Sitharaman is set to present the Union Budget for FY27 in Parliament on February 1, industry stakeholders and tax experts are expecting significant reforms in the customs procedures, particularly the simplification of the special valuation branch (SVB) process.

time to read

1 mins

January 10, 2026

Financial Express Kolkata

Fx reserves drop $9.8 bn, biggest dip in 14 months

FOREIGN EXCHANGE RESERVES recorded their biggest weekly drop in 14 months as the Reserve Bank of India (RBI) sold dollars to support a weakening rupee, analysts said.

time to read

1 min

January 10, 2026

Financial Express Kolkata

RBI guv: Regulators and regulated are in the same team

RESERVE BANK OF India (RBI) governor Sanjay Malhotra on Friday said digitalisation is transforming the financial system, demanding agility and collaboration in regulation and supervision.

time to read

1 min

January 10, 2026

Financial Express Kolkata

Govt's AGR lifeline to lift Vi's funding prospects

Telco gets 10-yr moratorium

time to read

1 min

January 10, 2026

Financial Express Kolkata

Pension funds may directly invest in infra

ASSETS UNDER MANAGEMENT under NPS for the government sector and the nongovernment sector stood at around ₹16 lakh crore as on November 30, 2025.

time to read

1 mins

January 10, 2026

Financial Express Kolkata

Bain’s Manappuram deal faces delay as RBI objects

SEBI, COMPETITION COMMISSION HAVE ACCORDED APPROVALS

time to read

1 min

January 10, 2026

Financial Express Kolkata

Trump cancels 2nd wave of attacks on Venezuela

US PRESIDENT DONALD Trump said he had canceled a second wave of attacks on Venezuela following cooperation from the South American nation.

time to read

1 min

January 10, 2026

Financial Express Kolkata

EV sales momentum to slow down in 2026

CHINA'S RETAIL SALES of newenergy vehicles (NEVs) are set to expand at a slower pace this year as government-backed trade-in subsidies are gradually phased out, removing a key pillar of support for the world's biggest auto market.

time to read

1 min

January 10, 2026

Financial Express Kolkata

Gifting of MF units to minors will not lower tax liability

YOUR QUERIES: INCOME TAX

time to read

2 mins

January 10, 2026

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