SEBI imposes a ban on CNBC Host and wife for fraudulent Practices

The Securities and Exchange Board of India has issued a circular banning the host of the show Stock 20-20 on CNBC Awaaz, Hemant Ghai, his wife, and mother from buying, selling, or dealing in securities either directly or indirectly until further orders.

The allegations are of engaging in multiple buy-today-sell-tomorrow trades. SEBI further states that the trading strategy adopted was designed to take advantage of the price rise following the already buy recommendation on the show.

To read the official notification, click on https://www.sebi.gov.in/enforcement/orders/jan-2021/interim-order-dated-january-13-2021-in-the-matter-of-cnbc-awaaz-stock-20-20-show-co-hosted-by-mr-hemant-ghai_48743.html

CBDT issues refunds of over Rs. 1, 73,139 crores to more than 1.57 crore taxpayers between 1st April 2020 to 11th January 2021.

Income Tax Refunds of Rs. 57,139 crore have been issued in 1,54,55,577 cases and Corporate Tax refunds of Rs. 1,15,999 crore have been issued in 2,10,150 cases as told by Income Tax Department.

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