ED issued 2,321 notices under FEMA in 3 years
The Enforcement Directorate has issued 2,321 show-cause notices to individuals and entities involved in financial offences under the Foreign Exchange Management Act and imposed penalties of ₹225 crore in the last three years, MoS for Finance Santosh Gangwar said. The NDA government has pro-actively taken steps including making significant decisions in its first cabinet meeting itself, he added.