The list includes 1,195 Indians with funds totalling $4.1 billion.
In a move that could help India track black money, Switzerland on Tuesday relaxed norms for sharing information on secret bank accounts of overseas tax offenders by allowing varied modes of identification.
Taking forward its efforts to track and unearth black money, India has now ratified its Double Taxation Avoidance Agreements with SAARC nations and the revised treaties will come into effect from next fiscal.
Activist-turned-politician Arvind Kejriwal's allegations about some Indians having accounts in tax havens abroad gave the Bharatiya Janata Party an opportunity to flag the issue of black money again as the party asked the government to make public all details of such individuals and entities.
The e-wallet, virtual cards are often used to play online games.
Arun Jaitley declared proposal for a comprehensive law.
The government has stated that it will make all efforts to bring back illicit wealth parked by its citizens in foreign jurisdictions.
A bench headed by Justice B Sudershan Reddy asked the government to make its stand clear on setting up an SIT comprising officers from different departments, including the Enforcement Directorate, the Central Bureau of Investigation and the Income Tax department to look into it.
Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government on Tuesday said details of information provided during the one-time compliance window can be revealed in the public interest.
Advocate Prashant Bhushan, who is one of the petitioners in the black money case, makes a case for the revelation of all the names of account holders that the government has submitted to the Supreme Court.
India can now sign treaties with five more countries in its pursuit to bring back black money stashed abroad with the Cabinet on Friday approving such pacts.
Senior Bharatiya Janata Party leader L K Advani has apologised to Congress president Sonia Gandhi for a party-appointed task force report, which had alleged that she and her late husband Rajiv had accounts in Swiss banks.
The vice chairman said they have asked agencies like the ED, IT to make an assessment of the list and prepare a report in this regard.
The allocation was part of the budget 2014-15 presented by Finance Minister Arun Jaitely on Thursday.
Sukumar Mukhopadhyay, former member, Central Board of Excise and Customs, and Govindrao Adik, MP and General Secretary, NCP, debate the pros and cons of offering amnesty to tax evaders.
There were as many as 628 names in the HSBC list.
A special task force which would comprise the Financial Intelligence Wing, enforcement directorate, directorate of Revenue Intelligence and the Income Tax department, has been set up for the purpose.
The Supreme Court of India issued a very unique order on Monday when it directed a Special Investigating Team be set up to monitor the investigation into the issue of black money.
The proposed measures aim to bring stricter norms to curb holding of illegal cash and mismanagement of unaccounted cash seized by the probe agencies during investigations.
Addressing chartered accountants on the foundation day of the Institute of Chartered Accountants in India, Modi also said CAs should take a pledge to bring people in the tax bracket rather than boasting about the number of clients they have saved from paying taxes.
The income-tax department on Thursday nudged black money holders to make "honest" disclosures under the tax amnesty scheme -- Pradhan Mantri Garib Kalyan Yojana -- warning that non-declaration could attract 77.25 per cent tax and penalty along with prosecution.
The CBDT is in the process of creating a Directorate of Criminal Investigation after getting approval from Finance Minister Pranab Mukherjee last week.
The cumulative illicit money moving out of India over a ten-year period rose to $439.59 billion
Notification, FAQs likely after FM Jaitley returns from the US
Finance ministry has halved the tax rate on foreign dividend from 30 per cent to 15 per cent, but the rebate is allowed only for the financial year 2011-12.
The government on Tuesday faced the ire of the Supreme Court for opposing formation of a Special Investigating Team to probe the case of black money as the court said it was needed because the agencies involved in the three-year probe have not gone into the source of the money.
Switzerland on Thursday said it would share data of black money allegedly stashed away by Indians in Swiss banks in accordance with the tax treaty between the two countries.
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On the Congress accusing BJP of hypocrisy for its failure to disclose names, Jaitley said the Congress got it all wrong because media "completely misreported" the case.
As the debate rages over black money, industrialist and Rajya Sabha MP Rahul Bajaj on Friday said that the government should file cases of tax fraud against the suspected, instead of blaming Switzerland for refusing to share details about Indians, who have stashed money there.
Tehelka magazine said two years ago the German government had passed on the names and bank account details of 18 Indians who had invested their wealth in the LGT bank in Liechtenstein, a well-known tax haven.
Use cheques, cards to check black money, says Jaitley.
RJD chief Lalu Prasad took out a march on the main roads in Bihar capital on Sunday to protest against the Modi government's failure to bring black money.
Persons making disclosure of unaccounted assets will be given time up to November 30 to pay taxes
Naidu also termed the dharna by opposition leaders near the Gandhi statue in Parliament premises as a big tamasha and an insult to the Father of the Nation.
In its effort to unearth black money stashed away abroad, India has received data on over 24,000 instances of alleged tax evasion and dubious funds which has been detected in foreign shores in the last financial year.
The apex court said its two-judge bench in its July 4 2011 order for setting up of SIT felt that 'no effort was made to bring back the money stashed in foreign banks' which could have been accounted and pumped into the 'mainstream of the Indian economy'.
The government is planning to comprehensively revise tax treaties with as many as 25 nations, including Switzerland and Mauritius, and re-negotiate with 51 others, to trace black money.
Switzerland has come under international pressure, including from India, amid concerns that black money is stashed in Swiss banks.
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