Jammu ED attaches immovable properties worth crores in PDA case
Jammu, June 29 (UNI) The Enforcement Directorate Jammu has attached the immovable properties worth crores in the case of Patnitop Development Authority (PDA) under the PMLA, 2002.
"Enforcement Directorate, Jammu has provisionally attached several immovable properties worth Rs. 15.78 Crore (approx.) on 27.06.2025 in the case of Patnitop Development Authority (PDA) under the PMLA, 2002," Enforcement Directorate posted on X.
It further posted, "The provisionally attached properties comprises land, building and Income generated from running of Hotel Pine Heritage, Hotel Dream Land and Hotel Shahi Santoor, all located in Patnitop."
UNI VBH GNK 1657
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
18 minutes ago
- Time of India
Tata Steel gets Rs 1k-cr input tax credit notice
New Delhi: Tata Steel said it has received a show cause-cum-demand (SCN) notice from tax authorities over an "alleged irregular availment of input tax credit" amounting to over Rs 1,000 crore between FY19 and FY23. The company said it has already paid a GST of Rs 514,19,36,211 in the normal course of business. Agencies
Time of India
18 minutes ago
- Time of India
Traffic violators in dist rack up Rs 75 crore in unpaid fines
Kochi: Vehicle owners in Ernakulam owe a whopping Rs 75.27 crore in compounding amounts for traffic violations to the govt over the past five years. These unpaid fines are linked to 8,43,905 pending e-challans issued by the motor vehicles department (MVD) since the introduction of e-challans in the district. Tired of too many ads? go ad free now This pending amount is more than two-and-a-half times the Rs 28 crore collected by the MVD in 2024. In total, 13,30,072 e-challans were issued during the five-year period, but only 4,86,167 were settled after fines were paid. According to MVD officials, the main reason for this backlog is the reluctance of many vehicle owners to clear dues unless compelled—such as during ownership transfers or vehicle sales. "The number of violations continues to rise as more vehicles hit the road daily. New drivers and vehicle owners tend to commit more offences, but violations generally decline as they gain experience," he said. Repeat offences are a growing concern. Since these fines are often unpaid, the MVD is issuing notices, specifically targeting owners with more than 25 violations, in an effort to enforce payment. "The MVD has begun targeting offenders who have over 25 violations by serving them notices. "The problem we face is that many owners fail to register or update their mobile numbers with the RTO. By the time we trace them, their fines often add up to thousands of rupees due to repeated offences," another official said. Fines typically start small but double with each repetition. E-challans are issued to the registered mobile number of the vehicle owner once it is caught for a traffic rule violation. Most traffic violations are now captured by the MVD's AI cameras. In Ernakulam, over 50,000 violations are reported monthly, with nearly 40,000 detected by the 64 AI cameras installed on highways. The most common offences include driving without seatbelts, riding two-wheelers without helmets, overspeeding, and using mobile phones while driving.
Time of India
28 minutes ago
- Time of India
PSBs told to monetise investments in arms
New Delhi: The finance ministry has asked public sector banks (PSBs) to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise good return. There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term, sources said. Wherever required banks should invest funds to scale up operations of their subsidiaries or joint ventures, sources said, adding, banks can look at unlocking value at an opportune time. As a precursor to monetisation, sources said, banks should improve governance, professional decision-making and bring in greater operational efficiency in their subsidiaries. For example, the country's biggest lender State Bank of India may look at listing SBI General Insurance and SBI Payment Services in the future after they scale up their operations. SBI General Insurance Company, incorporated on Feb 24, 2009, earned a profit of Rs 509 crore for the financial year ended March 2025. The general insurance arm of SBI has allotted 3,71,693 equity shares of Rs 10 each during the year ended March 2025. Consequently, the stake of SBI in SBI General Insurance Company has reduced from 69.1% to 68.9%. SBI Payment Services, which is in the merchant acquiring business, is 74% owned by SBI, and the rest with Hitachi Payment Services. SBI Payments is one of the largest acquirers in the country, with more than 33.1 lakh merchant payment acceptance touch points as of March 31, 2024, including 13.7 lakh POS (point of sales) machines, deployed across geographies. agencies Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
