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<a href="http://www.businessinsider.in/searchresult.cms?query=Pakistan+troops">Pakistani troops</a> resorted to <a href="http://www.businessinsider.in/searchresult.cms?query=ceasefire+violation">ceasefire violation</a> twice overnight and targeted Indian posts and civilian areas by shelling 120 mm mortar bombs along the <keyword id="44759" type="UNKNOWN" weightage="100" keywordseo="Line-of-Control">Line of Control</keyword> in Jammu and Kashmir’s Poonch district. 
 
The <a href="http://www.businessinsider.in/searchresult.cms?query=indian+army">Indian army</a> also retaliated to the shelling. 
 
"Pakistan troops fired from small arms, mortar bombs of 120 mm and 61 mm range on forward posts along the LoC in Sabzian and Balakote sectors in Poonch district overnight,” a defence spokesman informed. 
 
Pakistani troops fired from automatic weapons in Sabzian sector and Balakote sector till this morning. 
 
The spokesman said that the troops effectively retaliated and informed there was no loss of life or injury to anyone in the firing. 
 
As per reports, there have been 21 ceasefire violations along the <a href="http://www.businessinsider.in/searchresult.cms?query=India-Pakistan+border">India-Pakistan border</a> in Jammu region this month. 
 
On August 11, the Pakistan Army had resorted to unprovoked firing twice across the LoC in Krishna Ghati Sector of Poonch district and Bhimbhergali sector in Rajouri district on August 10 night. 
 
Last month, there were 19 ceasefire violations in which four persons, including three jawans, were killed and 14 others injured. 
 
This month in August, Pakistani troops targeted forward Indian posts along the LoC in Hamirpur-Balakote, Hamirpur, Krishnagati and Sabzian sectors, possibly to facilitate <a href="http://www.businessinsider.in/searchresult.cms?query=infiltration">infiltration</a> from across the border. 
 
An army jawan was also injured as Pakistani troops opened fire at villages and forward posts in Poonch district along the LoC on August 7.

Pakistan resorts to ceasefire violation, shell mortar bombs in Poonch

<ul><li>Reliance Capital board took note of views from legal experts and other auditors to conclude that it did not violate any laws.</li><li>PwC quit as company’s statutory auditor alleging that it wasn’t allowed to work independently.</li><li>In June, yet another group company Reliance Infrastructure’s auditor too said that it did not receive enough evidence to complete its audit. </li></ul> Almost two months after PriceWaterhouseCoopers (PwC) quit as the auditor of Reliance Capital, the company’s Board of Directors gave a clean chit to the management. In a special review meeting, the board of Reliance Capital took note of views from legal experts and other joint auditors to arrive at the conclusion that it did not violate any laws, as <a href="https://www.businessinsider.in/anil-ambani-reliance-capital-auditor-pwc-resigns/articleshow/69750766.cms">alleged by PwC</a>. Reliance Capital’s share price closed the day 2% lower and the board decision was announced after market close. The stock has lost nearly half its value since PwC quit as the auditor nearly two months ago. It’s down over 47% since that day. “The Board also noted that PWC had duly audited the accounts for the financial year 2017 – 2018, as also limited review of financial results of three consecutive quarters ended December 2018, without any qualifications or raising any concerns,” Reliance Capital said in a media release. On June 11, PwC shot off a letter quitting as the statutory auditor of the company alleging that the company disallowed it from making an independent judgment in its report. “The PWC letter is devoid of any rationale or basis and is invalid,” RCap said. In its letter, PwC said, “RCap impaired its independence and hence it is no longer in a position to complete the audit and instead feels compelled to withdraw from the audit engagement and resign.” The dispute started when PwC noted some observations and transactions, which according to its auditor, had to resolved satisfactorily. If not done so, it would be “significant or material” to the financial statements. When it questioned the company, PwC did not receive satisfactory response to its queries. “PWC had chosen not to attend the audit committee meeting on June 12, 2019 despite being invited to do so. It abruptly resigned at the unearthly hour of 4.32 am on June 11,” RCap said in today’s statement. However, PwC is not the only company which had found discrepancies in with the highly indebted Anil Dhirubhai Group. In the very same month of PwC’s exit, Reliance Infrastructure’s auditor said that they did not receive enough evidence to complete the audit. Pathak H D&amp; Associates could not find any ‘evidence’ of Rs 8,858 crore which were listed as receivables and inter-corporate deposits like interests and advances. SEE ALSO <a href="https://www.businessinsider.in/anil-ambani-reliance-capital-auditor-pwc-resigns/articleshow/69750766.cms">The auditor to Anil Ambani firm Reliance Capital says it wasn't allowed to do its job</a> <a href="https://www.businessinsider.in/anil-ambani-owned-rel-infra-auditor-says-money-missing/articleshow/69819256.cms">Anil Ambani company Reliance Infra's auditors reveal all, say there is missing money on balance sheet</a>

Anil Ambani’s Reliance Capital gets a clean chit from the Board on audit violations

Four civilians were on Saturday injured when Pakistani troops violated the ceasefire along the Line of Control (LoC) in Rampur sector of Jammu and Kashmir, according to an Army spokesperson. "On 20 June, 2020, in the morning hours, Pakistan initiated an unprovoked ceasefire violation along the LoC in Rampur sector by firing mortars and other weapons," the spokesperson said. He said four civilians were injured in the Pakistani firing. In another ceasefire violation, Pakistani troops fired mortars and other weapons on Indian posts in Uri sector on Saturday afternoon, the spokesperson said. He said there are no reports of any casualty in the incident. The Army has given a befitting response to the Pakistani aggression in both the sectors, he said. SEE ALSO: <a href="https://www.businessinsider.in/defense/news/experts-believe-that-the-india-china-border-dispute-is-unlikely-to-turn-into-another-war-like-the-one-in-1962/articleshow/76128454.cms">India and China are testing each other at the Ladakh border— but it won’t be another war like in 1962, according to experts</a> <a href="https://www.businessinsider.in/policy/foreign-policy/news/the-fear-of-china-has-put-the-global-spotlight-on-india-its-raked-up-three-comprehensive-strategic-partnerships-in-the-last-24-months/slidelist/76258833.cms">The fear of China has put the global spotlight on India ⁠⁠— its raked up three Comprehensive Strategic Partnerships in the last 24 months</a> <a href="https://www.businessinsider.in/policy/foreign-policy/news/three-reasons-why-china-showed-aggression-against-india-on-border-according-to-a-former-diplomat/articleshow/76462632.cms">China wants India to stay in its lane — three reasons why China is puffing its chest, according to a former diplomat</a>

Pakistan ceasefire violation in Jammu and Kashmir leaves four civilians injured

Pakistan on Wednesday continued with its unprovoked firing and shelling at Indian positions on the Line of Control (LoC) in J&amp;K's <keyword id="44760" type="COMPANY" weightage="20" keywordseo="Poonch">Poonch</keyword> district for the 5th consecutive day. "Pakistan army initiated unprovoked ceasefire violation around 9 a.m. today along the LoC in Shahpur, Kirni and Qasba sectors of Poonch district by firing with small arms and shelling with mortars. <keyword id="6354416" type="ORGANIZATION" weightage="20" keywordseo="Indian-Army">Indian army</keyword> retaliates befittingly," Colonel Devender Anand, defence ministry spokesman said. In over 3,186 ceasefire violations on the LoC by Pakistan since the beginning of this year, 24 civilians have been killed and over 100 injured. SEE ALSO: <a href="https://www.businessinsider.in/defense/news/china-has-hardened-its-stance-experts-decode-the-india-china-joint-statement-on-border-tensions/articleshow/78270081.cms">China has hardened its stance — experts decode the India-China joint statement on border tensions</a> <a href="https://www.businessinsider.in/tech/enterprise/news/microsoft-acquires-exclusive-license-for-elon-musks-largest-gpt-3-ai-language-model/articleshow/78269391.cms">Microsoft acquires exclusive license for Elon Musk’s largest GPT-3 AI language model</a> <a href="https://www.businessinsider.in/tech/news/facebook-india-head-goes-to-supreme-court-against-delhi-assembly-panels-summons-on-hate-speech/articleshow/78267998.cms">Facebook India Head goes to Supreme Court against Delhi Assembly Panel's summons on 'hate speech'</a>

Pakistan continues to violate LoC ceasefire with India for the 5th consecutive day

New Delhi, In a significant development related to war between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve <keyword id="6355303" type="DOMAIN" weightage="20" keywordseo="bank-of-india">Bank of India</keyword> to take necessary action against <keyword id="18635" type="COMPANY" weightage="20" keywordseo="Amazon">Amazon</keyword> and Walmart-owned-Flipkart. The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders (CAIT) for <keyword id="2621917" type="PERSON" weightage="20" keywordseo="blatant-violation">blatant violation</keyword> of <keyword id="35066" type="ORGANIZATION" weightage="20" keywordseo="fdi-policy">FDI Policy</keyword> and Foreign Exchange Management Act, 1999 (FEMA) by these companies. CAIT National President B.C. Bhartia and Secretary General Praveen Khandelwal informed that on several complaints made by the CAIT to Union <keyword id="84" type="ORGANIZATION" weightage="20" keywordseo="Commerce">Commerce</keyword> Minister Piyush Goyal in the recent past against Amazon &amp; Walmart-owned-<keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword>, the Department of Promotion of Industries and Internal Trade (DPIIT) of the Ministry of Commerce in its letter issued on December has asked both Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Flipkart. Bhartia and Khandelwal said that in its communication to ED and RBI, the DPIIT has forwarded four complaints of CAIT including violation of FDI policy in deal between Flipkart and Aditya Birla Group, violation of FDI policy related to FDI in manufacturing which is being used for Multi Brand Retailing by various e-commerce companies, violation of FEMA and its rules by Amazon and blatant violation of FEMA and FDI Policy by Amazon and Flipkart and exploitation of loopholes by them. CAIT said that traders across Country will observe Year 2021 as "Bhartiya Vyapaar Samman Varsh" under the aegis of CAIT and all efforts will be made to clean the e-commerce landscape of India and an era of manipulations, mal-practices and exploitation will come to end and the CAIT will promote and encourage traders across Country to adopt digital commerce and digital payments as new instruments to widen the net of business in India. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-tata-steel-vedanta-adani-green-tata-motors-maruti-mm-dhfl-v-mart-indian-bank-and-others/articleshow/80038635.cms">Top stocks to watch — Tata Steel, Vedanta, Adani Green, Tata Motors, Maruti, M&amp;M, DHFL, V-Mart, Indian Bank, and others</a> <a href="https://www.businessinsider.in/tech/mobile/news/checkout-the-list-of-upcoming-new-mobiles-in-january-2021-with-expected-price/articleshow/80039794.cms">Upcoming smartphones in India in January 2021</a> <a href="https://www.businessinsider.in/international/news/ten-of-the-most-outrageous-predictions-for-2021-according-to-saxo-bank/slidelist/80040045.cms">From Amazon buying Cyprus to Germany bailing out France — here are ten of the most ‘outrageous’ predictions for 2021</a> <a href="https://www.businessinsider.in/business/startups/news/india-edtech-in-charts-how-the-shi[%E2%80%A6]es-of-byjus-unacademy-and-others/articleshow/80040270.cms">India’s edtech in charts – How the shift to online learning meant money, valuation and users for the likes of BYJU’S, Unacademy, and others</a>

Amazon and Flipkart accused of violating FDI policy — Indian government asks RBI and ED to take action

<ul><li>Four top executives of major crypto trading platform <keyword id="4990164" type="PERSON" weightage="60" keywordseo="BitMEX">BitMEX</keyword> have been charged with violating US anti-money laundering regulations, the Commodity Futures Trading Commission said on Thursday.</li><li>The co-founders and head of business development have each been charged with one count of violating the US Bank Secrecy Act and one count of conspiracy to violate the act. </li><li>Each charge carries a maximum penalty of five years in prison, the Justice Department said.</li><li>A <keyword id="6377259" type="UNKNOWN" weightage="60" keywordseo="Lawsuit">lawsuit</keyword> alleged that BitMEX "failed to implement the most basic compliance procedures."</li><li>One of the four defendants was arrested in Massachusetts on Thursday morning.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>Top executives of major <keyword id="6357017" type="DEFINITION" weightage="60" keywordseo="cryptocurrency">cryptocurrency</keyword> trading platform BitMEX have been charged with violating US anti-money laundering rules, a statement <a href="https://www.cftc.gov/PressRoom/PressReleases/8270-20">issued by the federal regulatory agency</a> showed on Thursday.Co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed and head of business development Gregory Dwyer were each charged with one count of violating the Bank Secrecy Act and one count of conspiracy to violate the act.Each charge carries a maximum penalty of five years in prison, the <a href="https://www.justice.gov/usao-sdny/pr/founders-and-executives-shore-cryptocurrency-derivatives-exchange-charged-violation">US Department of Justice said</a>.The act requires financial institutions in the US to maintain reports on currency transactions and customer relationships in order to prevent <keyword id="6355008" type="UNKNOWN" weightage="60" keywordseo="Money-laundering">money laundering</keyword>.BitMEX "failed to implement the most basic compliance procedures" such as not having regulatory approval to run its trading facility, the Commodity Futures Trading Commission said in its own lawsuit.Read More: <a href="https://www.businessinsider.com/investment-advice-portfolio-positioning-congress-fiscal-stimulus-blackrock-mike-pyle-2020-9" target="_blank" rel="noopener noreferrer">BlackRock's investment chief breaks down why Congress passing a second round of fiscal stimulus is 'quite serious' for markets and the economy — and pinpoints which sectors will benefit in either scenario</a>William Sweeney, FBI assistant director, said the four defendants "willfully violated" the act by evading its requirements. "One defendant went as far as to brag the company incorporated in a jurisdiction outside the U.S. because bribing regulators in that jurisdiction cost just 'a coconut.'"BitMEX's platform received over $11 billion in <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="bitcoin">Bitcoin</keyword> deposits and earned over $1 billion in fees while accepting orders and funds from customers in the US, the CFTC said.While Reed was arrested in Massachusetts on Thursday morning, the other three defendants remain at large, according to the Justice Department.Legal counsel for Dwyer plan to contest the charges, saying that he "always worked in good faith to comply with all applicable regulations." Attorneys Sean Hecker and Jenna Dabbs said their client "helped BitMEX establish an international business that operated with the highest integrity."BitMEX is the second-largest cryptocurrency derivates exchange based on trading volumes, <a href="https://coinmarketcap.com/rankings/exchanges/derivatives/">according to CoinMarketCap</a>, after Binance. It holds around 193,000 BTC, worth about $2 billion at current prices. The total crypto-market capitalization lost around $13 billion in the hours following news that BitMEX was charged with US regulation <keyword id="52768" type="PERSON" weightage="60" keywordseo="Violations">violations</keyword>. <a href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> fell by more than 4% to $10,455, while <a href="https://markets.businessinsider.com/currencies/eth-usd">Ethereum</a> fell more than 8% and <a href="https://markets.businessinsider.com/currencies/xrp-usd">Ripple</a> fell 5.7% on Friday.Read More: <a href="https://www.businessinsider.com/investing-strategy-evan-buenger-shares-secret-process-to-returns-canslim-2020-9" target="_blank" rel="noopener noreferrer">US Investing Championship hopeful Evan Buenger raked in a 131.9% return through August. He shares the distinct spin he's putting on a classic trading strategy that's led to his outsize returns.</a>

Co-founders of major cryptocurrency trading platform BitMEX are charged with violating the US Bank Secrecy Act

Cairo, The Egyptian government has announced a series of new restrictions to control the spread of the coronavirus pandemic. The <keyword id="1858997" type="PERSON" weightage="20" keywordseo="new-measures">new measures</keyword> will come into force on January 3, Xinhua news agency quoted the Egyptian cabinet as saying in a <keyword id="26789" type="ORGANIZATION" weightage="20" keywordseo="statement">statement</keyword> on statement. It added that business establishments and people who violate the new measures will face varied fines. The government has also decided to cancel all <keyword id="6389817" type="ORGANIZATION" weightage="20" keywordseo="new-year">New Year</keyword> celebrations, the statement said, adding establishments that would hold any kinds of celebrations would be closed. Individuals who do not follow the precautionary measures or do not wear face masks in public places will be fined 50 Egyptian pounds ($3), according to the statement. Restaurants and cafes must abide by the government's previous decision to operate at 50% capacity. In case of <keyword id="52768" type="PERSON" weightage="20" keywordseo="Violations">violations</keyword>, establishments such as restaurants and cafes will be fined 4,000 Egyptian pounds and will be closed for a week. The closure period will be doubled if violations are repeated, the statement added. <keyword id="6354912" type="LOCATION" weightage="20" keywordseo="egypt">Egypt</keyword>, which has so far registered 131,315 coronavirus cases and 7,352 deaths, has witnessed a sudden spike in fresh infections in the past few days. SEE ALSO: <a href="https://www.businessinsider.in/science/environment/news/top-10-most-expensive-natural-disasters-of-2020-in-the-world/slidelist/79986294.cms">Cyclone Amphan was the most expensive cyclone of 2020 and the fourth most expensive natural disaster overall</a> <a href="https://www.businessinsider.in/stock-market/news/there-are-one-of-only-17-indian-companies-out-of-500-that-aced-the-du-pont-test/articleshow/79911627.cms">There are one of only 17 Indian companies out of 500 that aced the Du Pont test</a> <a href="https://www.businessinsider.in/business/corporates/news/wipro-buyback-offer-details-and-700-million-metro-ag-deal-drives-share-price/articleshow/79911875.cms">Wipro offers 10% more to buy back shares and signs a $700 million deal with Metro AG – everything that’s driving the IT services stock higher today</a>

Egypt cancels New Year celebrations, imposes new restrictions from January 3 as COVID-19 cases spike

Pakistan resorted to unprovoked ceasefire violation on the <keyword id="44759" type="ORGANIZATION" weightage="20" keywordseo="Line-of-Control">line of control</keyword> (LoC) on Tuesday targeting Indian positions in Jammu and Kashmir's <keyword id="158222" type="PERSON" weightage="20" keywordseo="Poonch-district">Poonch district</keyword>. Col. Devender Anand, spokesman of Defence Ministry said that at 4.30 a.m., Pakistan initiated unprovoked ceasefire violation by firing with small arms and shelling with mortars along the LoC in Mankote sector of <keyword id="44760" type="COMPANY" weightage="20" keywordseo="Poonch">Poonch</keyword> district. "Indian army retaliated befittingly," he added. Since the beginning of this year, Pakistan has been violating the bilateral ceasefire agreement signed by India and Pakistan in 1999. A total of 24 civilians were killed and over 100 injured in more than 3,186 ceasefire violations by Pakistan on the LoC so far this year. Thousands of people living in villages close to the LoC are living life on the edge as shelling from across the border endangers their lives, livelihood and agricultural activities. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-infosys-central-bank-of-india-dhfl-anuh-pharma-shalby-balaji-telefilms-and-others/articleshow/78376167.cms">Top stocks to watch— Infosys, Central Bank of India, DHFL, Anuh Pharma, Shalby, Balaji Telefilms and others</a> <a href="https://www.businessinsider.in/finance/news/rbi-postpones-monetary-policy-meeting-new-dates-to-be-announced-soon/articleshow/78361698.cms">RBI postpones Monetary Policy meeting as the hunt for three new MPC members continues</a> <a href="https://www.businessinsider.in/defense/news/rajnath-singh-releases-indias-new-defence-acquisition-procedure-amid-india-china-border-dispute/articleshow/78362908.cms">Rajnath Singh releases India's new Defence Acquisition Procedure amid India-China border dispute</a>

Defence Ministry pegs Pakistan's LoC ceasefire violations at 3,186 so far this year

Pakistan used small arms and mortars to target the Indian positions on the <keyword id="44759" type="ORGANIZATION" weightage="20" keywordseo="Line-of-Control">Line of Control</keyword> (LoC) on Friday in <keyword id="17605" type="PERSON" weightage="20" keywordseo="Jammu-and-kashmir">Jammu and Kashmir</keyword>'s <keyword id="158222" type="PERSON" weightage="20" keywordseo="Poonch-district">Poonch district</keyword>. Colonel Devender Anand, Defence Ministry spokesman, said, "At about 8.30 a.m. today Pakistan initiated the unprovoked ceasefire violation by firing with small arms and shelling with mortars along the LoC in Mankote sector in Poonch district. "<keyword id="6354416" type="ORGANIZATION" weightage="20" keywordseo="Indian-Army">Indian army</keyword> retaliates befittingly". On Thursday, for the entire day Pakistan violated ceasefire on the LoC in three sectors of the Poonch district. Twenty-four civilians have been killed and over 100 injured in over 2,730 such ceasefire violations by Pakistan on the LoC so far this year. This has brought misery into the lives of hundreds of border villagers living close to the LoC as cross border shelling endangers their lives, homes, cattle and agricultural fields. Since the beginning of this year, Pakistan has been violating the bilateral ceasefire agreement signed by the two countries in 1999, with impunity. SEE ALSO: <a href="https://www.businessinsider.in/india/news/india-estimated-6-4-million-covid-19-infections-by-early-may-according-to-national-serosurvey/articleshow/78051040.cms">India estimated 6.4 million COVID-19 infections by early May, according to National serosurvey</a> <a href="https://www.businessinsider.in/thelife/news/meet-the-richest-women-in-india-who-have-a-combined-net-worth-of-18-billion/slidelist/78045349.cms">Meet the richest women in India who have a combined net worth of $18 billion</a> <a href="https://www.businessinsider.in/science/health/news/india-reports-96760-new-coronavirus-cases-in-last-24-hours/articleshow/78051725.cms">India reports 96,760 new coronavirus cases — the biggest single-day addition by any country since the pandemic began</a>

Indian Army retaliated 'befittingly' to Pakistan's latest ceasefire violation in J&K's Poonch district

In a drive against those who violate the nationwide lockdown in the district, police here will register cases against them and deliver copies of the FIRs at their homes, a senior official said on Saturday. SSP Abhishek Yadav told reporters here that the violators will not be arrested during the first instance but police will arrest those found to be violating the lockdown for the second time. Police has started the drive in every street of the district under which cases will be lodged against those found violating the lockdown restrictions imposed across the country and the copies of the FIRs will be delivered at their doorsteps, he said. Meanwhile, two youths have been booked based on CCTV footage after they were found wandering in the streets and the FIRs were delivered to them at their houses, police said.

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Pakistan resorts to ceasefire violation, shell mortar bombs in Poonch

BI India Bureau

Anil Ambani’s Reliance Capital gets a clean chit from the Board on audit violations

Katya Naidu

Pakistan ceasefire violation in Jammu and Kashmir leaves four civilians injured

PTI

Pakistan continues to violate LoC ceasefire with India for the 5th consecutive day

IANS

Amazon and Flipkart accused of violating FDI policy — Indian government asks RBI and ED to take action

IANS

Co-founders of major cryptocurrency trading platform BitMEX are charged with violating the US Bank Secrecy Act

Shalini Nagarajan

Egypt cancels New Year celebrations, imposes new restrictions from January 3 as COVID-19 cases spike

IANS

Defence Ministry pegs Pakistan's LoC ceasefire violations at 3,186 so far this year

IANS

Indian Army retaliated 'befittingly' to Pakistan's latest ceasefire violation in J&K's Poonch district

IANS

Police can find out if you have violated the lockdown using CCTV footage, and the FIR will come to your doorstep

PTI

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