The Enforcement Directorate (ED) has imposed a ₹900 crore fine on DMK MP Jagathrakshakan and his family members for violating foreign exchange rules. The agency confiscated assets worth ₹89 crore, including properties seized in 2020, following an adjudication order issued under the Foreign Exchange Management Act (FEMA).
US President Joe Biden expressed concern for the people of Texas impacted by Hurricane Beryl, assuring them of federal support and resources. The storm caused widespread power outages and fatalities in Texas and Louisiana.
Foreign investment plays a crucial role in India’s economic growth strategy. To attract more investment, the government should address bottlenecks and clarify regulatory uncertainties, particularly around the definition of ‘beneficial owner’ in the Foreign Exchange Management Act. By defining thresholds, control-conferring rights, and establishing a consultation mechanism, the government can ensure that Indian companies can seamlessly receive foreign investment while safeguarding national interests.
With blazes becoming more frequent and intense, the Forest Service, the last line of defense against wildfires, is understaffed and overwhelmed. The attrition rate has reached 45%, with firefighters facing demanding work conditions, indifferent bureaucracy, and inadequate pay structure. The recent Hermits Peak-Calf Canyon Fire, the largest in New Mexico’s history, devastated communities and exposed the shortcomings of FEMA’s response. Survivors struggled to receive compensation, temporary housing, and support from the agency. The investigation reveals a lack of transparency and urgency in addressing health risks for firefighters, including cancer and hearing loss.
Catholic Charities of San Antonio refutes accusations that they have misused emergency funds for airline tickets for migrants. The charity claims that such transportation is within FEMA’s rules. However, Representative Henry Cuellar and Representative Monica De La Cruz have alleged that this practice encourages illegal migration. Catholic Charities plans to receive additional funding for its temporary shelter and has assisted over 305,000 people since September 2022.
