Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from FEMA

Swiggy's foreign shareholding falls below 50%: What it means for investors

Swiggy's foreign shareholding now stands below fifty percent, meeting a key regulatory requirement. This change allows the company to pursue Indian-Owned-and-Controlled Company status under FEMA rules. However, full qualification is not expected until March 2027, after governance changes. Reducing foreign ownership further may impact index weightage for Swiggy. JM Financial…

The Economic Times

Flooding Rain Triggered a New Jersey Store Roof Collapse and Left Drivers Stranded in Rising Water

Heat wave broke Monday with flooding across NYC, Philadelphia, and NJ. A BJ's roof collapsed in Ocean Township. Two people briefly trapped. Flash flood warnings active now.

Medical Daily

FBI seized more than 600 drones flying over World Cup games in US cities

Agency says drones had been caught across all 11 US host cities in restricted airspace since tournament began

The Guardian - US

From analysis to the latest developments in health,
read the most diverse news in one place.

Extreme Heat Alerts Span Over 200 Million Americans As A Massive Heat Dome Builds Over The US. Yet The Country Still Lacks A Federal Framework To Treat Heat As A Disaster.

Extreme heat deaths in the United States have nearly doubled since 1999, with 2,394 Americans killed in 2024 — yet federal disaster law has never declared extreme heat a major disaster, leaving FEMA unable to deploy its full toolkit even as a Fourth of July heat dome places 200 million…

International Business Times

Is Home Insurance Pricing Retirees Out of the American Dream?

Homeowners insurance is a national crisis — and retirees are hit especially hard.

Kiplinger

Nine years after Hurricane Maria, Puerto Rico is still waiting for help

Lawmakers have released a federal audit that found that only 25% of some $14 billion in federal funds obligated for Puerto Rico’s power grid after Hurricane Maria razed it almost a decade ago has reached the U.S. territory

The Independent UK

FEMA rules revision: Exporters flag at least half-a-dozen worries

Indian exporters are urging the Reserve Bank of India to reconsider revised FEMA regulations, citing potential disruptions to trade and liquidity. Key concerns include a contraction in export credit, a proposed restriction on future exports for delayed payments and procedural hurdles in merchanting trade and the EDPMS system.

The Economic Times

Read news from The Economist, FT, and more,
with one subscription

Proposal to Dismantle DHS Gains Momentum as Lawmaker Says Department Has Been 'Weaponised'

Rep. Delia Ramirez is drafting legislation to dismantle the US Department of Homeland Security, aiming to protect agencies like CISA and FEMA from political influence and resource deprivation.

International Business Times UK

Rajesh Exports under ED lens after probe finds missing records and Rs 3,000 crore opaque transactions

The Enforcement Directorate has uncovered significant suspected violations of the Foreign Exchange Management Act (FEMA) during searches at Rajesh Exports Ltd (REL) premises. Investigations revealed missing records for overseas transactions, approximately Rs 3,000 crore in unclear trade settlements, a substantial stock discrepancy, and allegations of share manipulation involving offshore entities.…

The Economic Times

No maps, no insurance: Michigan floods expose lack of information, preparation in many rural areas

Many homeowners hit by devastating Michigan floods had no insurance and no idea they were at risk — underscoring vulnerabilities throughout rural America as climate change causes more extreme weather

The Independent UK

NRI credit cards: Rewards and lounge access aren’t everything, what more NRIs should know before getting an Indian credit card

For Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL score for future borrowing and simplifying rupee-denominated expenses. While unsecured cards are increasingly available, understanding forex charges, repayment mechanisms, and FEMA compliance is vital before applying.

The Economic Times

ED case against five Bengaluru-based entities for 'unauthorised' cross-border crypto transactions

The Enforcement Directorate has initiated a FEMA probe into five companies located in Bengaluru for their alleged involvement in unauthorized cross-border transactions amounting to Rs 2,500 crore through cryptocurrency. Investigations uncovered significant regulatory evasion via online ads promoting immediate fiat-to-crypto swaps and the establishment of shell companies. Consequently, the ED…

The Economic Times

NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investment

NRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, NRIs can leverage Double Taxation Avoidance Agreements (DTAAs) to potentially lower their tax burden or claim credits in their country of residence, avoiding double taxation.

The Economic Times

Trump’s FEMA nominee promises ‘objective’ approach to disaster aid

His pledge comes as he seeks to take the helm of an agency that has faced threats of dismantling from the administration

The Independent UK

Get all your
news in one place.

100's of premium titles.
One news app.

The Independent UK

Trump's pick to lead FEMA pledges to be 'fair and reasonable' in assessing disaster aid requests

President Donald Trump’s nominee to lead the Federal Emergency Management Agency, is pledging to senators to be “fair and reasonable” in assessing requests for disaster

The Economic Times

FEMA probe against Apollo Hospitals, 5 directors closed after compounding order: ED

A foreign exchange violation case against Apollo Hospitals and five directors has been terminated. The Reserve Bank of India issued a compounding order. Apollo Hospitals Enterprises Limited made a one-time payment of over Rs 17.76 crore. The executives also paid Rs 18 lakh each. This settlement resolves alleged contraventions totalling…

The Economic Times

NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDS

NRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE interest is tax-free in India, while NRO interest attracts TDS and taxation. However, DTAA benefits may reduce the tax burden on NRO income and help avoid double taxation.

Everybody Loves Your Money

The FEMA Map Change That Could Force You Into Flood Insurance

Flood insurance often sits low on a homeowner’s priority list—until a letter arrives in the mail that changes everything. Across the country, FEMA continues updating flood maps to reflect new data, shifting weather patterns, development, and changing landscapes. Those updates can move properties into higher-risk flood zones, even if they…

Get all your
news in one place.

100's of premium titles.
One news app.

The Independent UK

US Democratic lawmakers pledge to help speed up disaster recovery in Puerto Rico

A group of U.S. Democratic lawmakers have promised Puerto Ricans that they would try to speed up the island’s sluggish recovery from destructive hurricanes and earthquakes, a process that relies heavily on federal funds

The Independent UK

Under Trump’s proposed FEMA 2.0 nearly 30% of previous disaster declarations wouldn’t have been granted, group warns

The changes would also leave disaster survivors with fewer avenues for relief and raise insurance premiums, the group warned

The Economic Times

Zepto IPO: ED summons founders in FEMA matter, seeks shareholding, business details

The Enforcement Directorate sought details on foreign investments and overseas investments, audited balance sheets since FY21, owned immovable properties, shareholding pattern, loans and guarantees, income tax returns, bank accounts, and a note on Zepto’s business model, according to the updated prospectus.

Sports Illustrated

Why the U.S. Is Unprepared for a Potential Public Health Outbreak at the World Cup

The federal government allocated $625 million to World Cup security—and none of it went to public health. Just days away from the tournament, major concerns remain.

Axios

The last holdouts from the Kristi Noem era of the Department of Homeland Security

"As with any transition, there have been some personnel changes."

The Economic Times

FEMA case against Myntra closed following compounding: ED

Myntra's foreign exchange violation probe has concluded after the RBI issued a compounding order. The Enforcement Directorate gave its no objection, allowing the e-commerce platform to settle alleged FEMA contraventions involving over Rs 45 crore with a one-time payment of Rs 2.88 lakh. This move aligns with the government's 'ease…

The Economic Times

RBI clears Myntra's FEMA violations after penalty payment; ED closes investigation

The Reserve Bank of India has closed an Enforcement Directorate investigation into Myntra Designs Private Limited. This action follows the RBI compounding certain Foreign Exchange Management Act violations. The company faced allegations of delays in submitting overseas investment reports and undertaking commitments before compliance. The RBI imposed a one-time monetary…

1 2 3 4 5

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

the National Weather Service

803 stories

the Enforcement Directorate

520 stories

Enforcement Directorate

465 stories

the Coast Guard

420 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.