ED notice to Byju’s on Rs 9,000 crore Fema violation
Tuesday, 21 November 2023 The Enforcement Directorate (ED) on Tuesday issued showcause notices to troubled edtech startup Byju’s and its founder and group CEO Byju Raveendran over alleged violation of the provisions of the Foreign Exchange Management Act (Fema) amounting to over Rs 9,362 crore. The ED, which had initiated investigation against the startup earlier this year, has accused Think & Learn Pvt Ltd (Byju’s parent company) and its promoter of making significant foreign remittances and investments abroad that were allegedly in violation of the provisions of Fema, resulting in loss of revenue to the government.
During President Joe Biden's state of the union address, multiple US government websites, including DHS and FEMA, experienced a 20-minute outage, disrupting access to essential services. The cause remains unknown, but planned maintenance may have been a factor. Concurrently, Donald Trump's Truth social media platform also faced outages, raising concerns about cybersecurity and digital infrastructure resilience during critical events
#US #InstagramDown #FacebookDown #USGovernmentWebsites #DHS #FEMA #FBI #InternetDown #cyberattack #glitch #USnews #Americanews #Worldnews #Oneindia #Oneindianews
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Tuesday, 21 November 2023
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