Finance Minister: SFIO Probe into Sahara Group Companies Ongoing

06 Aug 2024 CW Team

Finance Minister Nirmala Sitharaman has confirmed that the Serious Fraud Investigation Office (SFIO) is actively pursuing its probe into Sahara Group companies. This investigation focuses on alleged financial irregularities and malpractices within the group.

The SFIO's inquiry comes amid ongoing scrutiny of Sahara Group's business practices, which have faced various legal and regulatory challenges over the years. The probe aims to uncover any financial misconduct and ensure compliance with regulatory standards.

Sitharaman's statement underscores the government's commitment to tackling corporate fraud and enforcing transparency within the financial sector. The SFIO's investigation reflects a broader effort to address issues of financial mismanagement and protect investor interests.

The outcome of the SFIO's investigation will be closely monitored by stakeholders, as it may have significant implications for Sahara Group's operations and its broader financial landscape. The government has emphasised its dedication to upholding the rule of law and ensuring that all companies adhere to regulatory requirements.

As the investigation progresses, further developments are expected, which could impact the group's financial standing and regulatory compliance. The SFIO's efforts are part of a larger initiative to enhance accountability and integrity within India's corporate sector.

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..