In a major development in the fight against black money, multilateral grouping OECD today unveiled a 'single global standard' for automatic exchange of financial account information by various countries including India and Switzerland.
Swiss authorities have begun questioning the soccer officials who were arrested in Zurich in May in a corruption scandal and are facing extradition to the United States, legal sources said.
Mauritius and Singapore account for the bulk of the $278 billion in foreign equity investments since 2000
Now, funds from Mauritius interested in India will have to weigh paying capital gains taxes that could range from zero to as much as 20 per cent
Plans to probe into financial details of more than 500 individuals, entities that might have secret offshore accounts at various places abroad
The leaked list contains the name of Union minister Jayant Sinha, who responded by saying that the transactions were not done for any 'personal purpose'.
Indians continued their strong show at the fifth Commonwealth Youth Games, winning five medals, including two gold, on the second day of competition in Apia, Samoa, on Tuesday. Weightlifter Deepak Lather (boys' 62kg category) and javelin thrower Mohd Hadish won a gold each in their respective events, while Jisna Mathew won a silver in the girls' 400 metres.
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The Greens are calling for an urgent investigation.
Vodafone pleaded in High Court that IT department had no jurisdiction in the transfer pricing case because the said transaction was not international and did not attract tax.
'The anonymous electoral bonds means that political affiliations will be even harder to ascertain for the voter or the minority shareholder.' 'The government of the day will, of course, know, exactly which corporate is making donations to which party.' 'Hence, the government will be in a wonderful position to exert "moral pressure" on corporates which make donations to Opposition parties.'
Sepp Blatter faces months of troubles before departure.
'... not even a moral one, let alone a legal one.' 'Even if it is assumed that Deepak Kochhar tried to influence his wife into doing something dodgy for his 'social acquaintance', why would she do it?' 'By all accounts she has been granted share options in ICICI Bank of a very substantial amount which easily makes her a multi billion-pati.' 'She did not become CEO against some stiff competition by being stupid and concocting devious cock-and-bull renewable energy stories.' S Murlidharan, former managing director, BNP Paribas, unravels the Deepak Kochhar-Videocon controversy.
Among Indian cars Vizag-based Stephen Panchigalla clocked 13.366s in his Skoda Octavia in the same J Class, which was run jointly for both Foreign and Indian cars, to ended up as the 'Fastest Indian Car.' Of the day.
It is suspected that some portfolio managers at these banks, which have significant presence in Indian financial markets, could have helped their Indian clients to route their money back into India in disguise of foreign funds through use of investment vehicles across various jurisdictions.
World record holder Usain Bolt withdrew from Jamaica's Olympic trials minutes before the men's 100 metres final on Friday.
OVL, the overseas arm of state-run explorer Oil & Natural Gas Corporation, and Oil India Limited agreed in June last year to jointly buy Videocon's 10 per cent interest in the Rovuma Area 1 for $2.475 billion.
The I-T department said NuPower's balance sheet did not substantiate the high premium paid by Singapore-based DH Renewables for its shares, and suspects it could be a case of round-tripping of unaccounted income by NuPower.
Sprint king Usain Bolt aims to crown his legacy with an unprecedented Olympic threepeat at the Rio Games, and to top that off by running the first ever sub-19 seconds 200 meters.
Financial institutions at the risk of US sanctions as sharing of documents on SC directive amounts to violation of existing agreements.
Clever wordplay does not change the fact that the government is going pretty easy on some tax offenders, says Arup Roychoudhury.
Despite the Indian government's recent efforts anecdotal evidence indicates that there has been little change in the extortionist behaviour of a significant proportion of tax and police officials, says Jaimini Bhagwati.
It is important to clarify that availing of an exemption is neither evasion nor tax planning.
Sharks, mating frogs, seals playing with photographers... these are the amazing photos which offer an enchanting breadth of what's beyond the shoreline. Underwater Photographer of the Year has just announced the winners of its 2019 photo contest and photographer Richard Barnden, from the UK, was named Underwater Photographer of the Year 2019. Prizes and commendations were handed out in categories including Wide Angle, Macro, Wrecks, Behaviour, Portrait, Black and White, Compact, Up and Coming, and in British waters, Wide Angle, Living Together, Compact, and Macro Shots.
Under Blatter, FIFA has handed its development money out strategically. Members of FIFA with only tiny populations have often received as much in grant money as those with massive populations.
India has a double-taxation avoidance pact with Singapore and more than 85 countries.
Has a smaller engine taken away the reasons to love the F-Type or given us brand new one? Read on to find out
Occasionally, a whistle-blower releases sensitive financial data.
A new CBDT directive actively makes India-dedicated funds comparatively unattractive for institutional investors. It makes no sense, says Akash Prakash.
Captain Rani Rampal's clinical strike helped India beat South Africa 1-0 to seal their place in the semi-finals of the women's hockey event at the 2018 Commonwealth Games in Gold Coast, on Tuesday.
Percy Mistry says things at market regulator Sebi are also in bad shape.
If India was able to provide additional and new information about people and entities that figure on stolen lists, they may consider it to exchange information
The United States Soccer Federation said in a statement on the new charges that its hosting of the 2016 Copa America Centenario tournament would go ahead as planned.
The company's buy of Concur will strengthen its position in cloud computing
Running highlights from FIFA's congress. World soccer's governing body has voted on a series of reforms and will elect a new president later on Friday (all times GMT): 13.30 The voting process is proving a long, drawn out affair. After an hour's voting, we have crawled to L for Latvia with little to get excited about apart from the brief appearance of Davor Suker, Golden Boot winner as the top scorer at the 1998 World Cup, as he cast Croatia's vote. Time then for a reminder that for a candidate to be elected in the first round, he must obtain at least 138 votes, two-thirds of the 207 votes cast. If this does not happen, a second round is held. This time, a simple majority -- 104 votes, which represents more than 50 percent of the votes -- is sufficient for a candidate to be elected. If no candidate gets that majority, the one with fewest votes will be eliminated and a new round will be held. This continues until one candidate obtains a majority. 12.45. Having begun his speech by promising to "die with my boots on", Sexwale ends it by withdrawing from the race, "I have got a surprise for you. My campaign ends today and I suspend my participation. With only four people it is your problem now." Markus Kattner, FIFA general secretary then reminds delegates of the voting procedure, reminding them not to photograph their ballot papers.
The retrospective tax decision reversing the January 2012 Supreme Court verdict in the Vodafone case has often been cited as the reason for foreign investors losing confidence in India as an investment destination.
As the Concacaf (North America, Central America and the Caribbean federations) Gold Cup kicked off on Sunday morning (July 07 ET) at the Rose Bowl, in Pasadena, California, Concacaf president and FIFA vice-president Jeffrey Webb spoke with Siddhanta Pinto over the telephone from Los Angeles.
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