A bench headed by Justice B Sudershan Reddy said the issue is not related to one case but is much wider and asked the government to consider setting up an SIT comprising officers from different departments including the Enforcement Directorate, the CBI and the IT to look into it.
The Central Bureau of Investigation has sought posting of its officers in some of the Indian missions abroad besides cutting down of red-tape involved in sending Letters Rogatory (LR) as measures to expedite cases related to black money.
The Congress dared Finance Minister Arun Jaitley to do a full disclosure in response to his claim that revealing the names of those who have stashed away black money in foreign banks will embarrass the opposition party.
Bharatiya Janata Party's prime ministerial candidate Narendra Modi's election campaign would cost a whopping Rs 5,000 crore, most of which is black money, the Congress on Wednesday alleged and sought a probe into the origin of these funds.
A stream of people, including those from Rajasthan and Karnataka, walked into the only designated office before the closure of the one-time compliance window.
The first high-level meeting of the Special Investigation Team on the issue of black money and special probe into cases of unaccounted funds stashed away abroad by Indians has been advanced and will now be held on June 2.
The Central Information Commission has directed the Ministry of External Affairs to disclose details of an ongoing Swiss judicial enquiry against an Indian businessman accused of stashing black money in Swiss accounts.
However, the exact number of persons contained in the list and the illegal money in the accounts of German banks could not be ascertained immediately.
West Bengal Chief Minister Mamata Banerjee on Tuesday suggested that black money stashed away abroad be brought back to the country for state funding of elections.
Congress had attacked Narendra Modi during the Lok Sabha campaign on social media under the hashtag 'Feku'.
Nearly three weeks after Prime Minister Narendra Modi announced junking high denomination 500 and 1000 rupee notes, Finance Minister Arun Jaitley introduced a bill to amend the income tax law.
Prime Minister Narendra Modi, in his second 'Mann ki Baat' radio address to the nation on Sunday, said as far as the issue of black money was concerned, he would work to ensure that every single penny was returned back to the country.
Association points out that over 40 clearances from various agencies are required for real estate projects.
The prime minister said a stable global economic and financial system is imperative for growth as it promotes inclusive and sustainable growth.
'I give a lot of credit to Rahul Gandhi for standing up and fighting it for a long time and surviving, nobody else would have been able to survive'
Bourses chiefs say, they are keeping a constant vigil to thwart any attempt to make undue gains through the markets.
PAN could be used by the probe agencies.
Under pressure from India and other countries, Switzerland has made key changes in its local laws governing assistance to foreign nations in their pursuit of black money allegedly stashed in Swiss banks.
The Bharatiya Janata Party on Thursday defended the electoral bonds scheme, struck down as unconstitutional by the Supreme Court, saying it had a laudable objective of bringing transparency in poll funding.
The court will monitor the progress of SIT, and it has been asked to report to the court periodically about the status of investigation.
The country is biding time to assess the mood of the next Indian government.
Amid charges of black money playing a part in the IPL, Sports Ministry has asked the Finance Ministry to order an expeditious probe into it.
The black money law provides for tax and a penalty of 120 per cent of assets' value.
China also had the largest illicit outflows of any country in 2013.
Senior Bharatiya Janata Party leader L K Advani on Thursday reiterated the demand for a white paper from the United Progressive Alliance government on the action it had taken so far the bring back the black money stashed away in foreign banks by India citizens.
Anil Divan, who is fighting the black money case in the Supreme Court, speaks to Sheela Bhatt/Rediff.com.
The I-T department has issued 2,190 warrants and seized assets worth Rs 299.63 crore (Rs 2.996 billion), Finance Minister Pranab Mukherjee said in the Rajya Sabha.
According to an expert, if the government seriously pursues the matter then it should take about a year to bring back the black money stashed abroad.
India on Wednesday said it hopes the G-20 nations will pay heed to its call for a strong action on the issue of black money stashed in tax havens during their crucial summit in Cannes.
Finance Minister Arun Jaitley on Friday said Switzerland has agreed to share information on Indians having illicit money in Swiss banks on independent evidence provided in each case to the Alpine nation.
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
Rajan said expecting the government to provide all solutions wasn't right.
The court's remarks came after the government contended that it has got the information from the German government pertaining to the bank accounts of Indian citizens in Liechtenstein Bank there.
Burman held an undisclosed, yet, active account in an HSBC branch in Zurich
Sebi found a typical pattern in trading of shares of these companies.
A proposal for creation of seven Customs Overseas Intelligence Network units is pending with the Ministry of External Affairs.
A classic example of a leader who has chosen to risk everything for his vision.
Indore-based textiles firm Neo Corp is the latest in a series of Indian names that have been published in the official gazette of the Swiss govt.
Switzerland has been making efforts to strengthen its bilateral cooperation with India .
Allowing the elite to escape tax and regulation curbs economic growth, accelerates capital flight from poor countries and promotes corruption and crime around the world, says Rajni Bakshi.
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