The PMLA Adjudicating Authority is a three-member body whose mandate is to adjudicate the cases of attachment of assets orders issued under the PMLA and order for its continuity and further confiscation or release, considering the merits of the investigation.
The Government of India has sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. with Unity Small Finance Bank Ltd. (USFBL).
As per the weekly Reserve Bank of India (RBI) data, the foreign exchange reserves of India declined by $878 million to USD 632.736 billion in the week ended January 7, 2022.
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