FRAUD ALLEGATIONS HEARING
Fed expected to hold rates steady days ahead of US midterms
The US Federal Reserve appears set to hold interest rates steady at its meeting next week, analysts say, despite stubbornly high inflation and with markets pricing in at least one rate hike before year-end. The Fed has missed its long-term two-percent target for inflation for more than five years, and at its last meeting in September the FOMC voted to raise the key federal funds rate for the first time in three years, lifting the target range to 3.75 percent to 4.0 percent.
Indiana woman contested father’s will to leave entire estate to his fiancée after death, lost the appeal, was ordered to pay $22,208 and now faces additional appellate penalty
An Indiana woman who challenged her late father’s will after he left his entire estate to his fiancée instead of his three children has lost her appeal. The court upheld a $22,208.18 legal-fee order against her and directed a lower court to calculate additional fees for her unsuccessful appeal.
J-1 probe deals another blow to Indian researchers’ American Dream
Researchers from India are increasingly deferring PhD admissions in the US due to uncertainty in funding. The J-1 visa probe creates concerns about the viability of staying long enough to complete doctoral studies. Many applicants are now shifting their focus towards Europe, where doctoral programs often offer salaried positions. This year has been particularly tough for potential PhD candidates as the US imposes a cap on stay duration.
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More US universities may face J-1 visa fraud probes, says Labor Department IG D'Esposito
US universities, including prestigious institutions, are under investigation for potential J-1 visa fraud and improper wage practices. Allegations suggest foreign researchers are paid less than their American counterparts for similar roles. An investigation led by the US Vice President aims to address claims of financial misconduct and foreign influence on federally funded research.
Delhi court cancels look-out circular against accused in Rs 247-crore 'fraud' involving PNB
A Delhi court has rescinded a look-out circular against Akash Gupta, who is allegedly involved in a fraud case. The court found Gupta had complied with previous travel conditions and cooperated with investigations. It emphasized that seriousness of allegations cannot solely justify restrictions on travel. The judge instructed Gupta to inform the CBI about his travel plans and provide necessary documentation.
Businessman’s bank account put on hold after a Rs 2,253 transaction was flagged, requests to use the remaining balance went unanswered; High Court orders Axis Bank to release the money
Calcutta High Court has ordered Axis Bank to defreeze a Kolkata businessman's bank account that had been put on hold over a cyber fraud case linked to just one transaction worth Rs 2,253. Court found no reason why rest of account should stay locked and asked bank to release non disputed balance at once.
Nirav Modi loses legal bid to block London property sale
Nirav Modi's luxury apartment in central London has been approved for sale by a UK court. The court set a minimum sale threshold of 3.75 million pounds for the apartment. India's Enforcement Directorate previously argued that proceeds should be secured after settling pressing liabilities of the trust.
Delhi court orders fresh look at FIR plea regarding Sonia Gandhi's citizenship and electoral roll inclusion
A Delhi court has overturned a magistrate's decision regarding electoral roll allegations. The court found the original order lacked proper legal consideration and was flawed. It directed the magistrate to re-examine the complaint and hear all parties involved. The case concerns allegations of Sonia Gandhi's name appearing on the electoral roll prematurely. The matter has been sent back for a fresh, reasoned order by the magistrate.
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