The Supreme Court has emphasised the need for timely investigations and conclusions of criminal cases involving illicit money in elections. Observing that black money compromises democracy and the rule of law, the court issued several directives, including reporting seizures to competent authorities within 24 hours, completing investigations within a year, and submitting quarterly status reports to the Election Commission. The ruling also mandates High Courts to designate special courts for expeditious disposal of cases against candidates and requires High Court approval for withdrawing cases.
Hyderabad Black Hawks U21 have won the inaugural Guardians Trophy, defeating hosts Goa Guardians U21 3-1 in the final. The tournament provided a crucial platform for emerging Indian volleyball talent, with individual awards and prize money distributed to top performers.
The Supreme Court has sought responses from the Centre and state governments on a Public Interest Litigation (PIL) advocating for the confiscation of movable and immovable property belonging to individuals and their family members involved in exam question paper leak cases. The plea also calls for invoking various anti-corruption and financial crime acts against perpetrators and suggests consecutive sentencing for such offences.
Making UPI payments fee-based for some transactions could enhance mental reservations against digital payments -- which have largely been overcome -- once more. Do we want to regress?, asks R Jagannthan.
From Mollywood Times to Mohiniyattam, these black comedies from South Cinema prove that the darkest humour can also deliver the sharpest entertainment.
Arms dealer Sanjay Bhandari has opposed the Enforcement Directorate's (ED) plea in a Delhi court seeking to declare him a "fugitive " in connection with a black money case. Bhandari claims his stay in the UK is legal as the London High Court denied his extradition to India. The court's decision was also cited by an English court in April to deny the Indian government's request to extradite another accused in a rice-buying scam. Bhandari's lawyer argued that the ED's application was "vague, misplaced and without jurisdiction " and that the value involved in the case was less than the required Rs 100 crore to declare someone a "fugitive. " The Delhi court has sought the ED's rebuttal to Bhandari's argument by May 3.
'Even with the restrictions of depositing more than Rs 2.5 lakh in a bank, people will find new methods to convert this cash hoard into legal tender.'
Former Rajya Sabha member Saket Gokhale has alleged that the Election Commission refused to disclose details of Chief Election Commissioner Gyanesh Kumar's official visits and the expenditure incurred from public funds, citing 'personal information' under the Right to Information Act.
Indian Grandmaster R Praggnanandhaa secured another draw against GM Levon Aronian of the United States in the sixth round of the Sinquefield Cup, keeping him in joint second place with 3.5 points.
An enormous amount of black money flows in and out of the banking system and still remains black.
Self-proclaimed godman Ashok Kharat, accused of portraying himself as Lord Shiva and using black magic to extort money from victims, has been arrested by the Enforcement Directorate.
'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
Indian Grandmaster R Praggnanandhaa secured an easy draw against American Samuel Sevian in the first round of the Sinquefield Cup, while top seed Fabiano Caruana emerged as the early leader with a victory over Jorden Van Foreest.
Delhi Police have arrested seven individuals, including a former bar singer and an ex-banker, for allegedly posing as CBI officers to conduct fake raids and extort money or valuables in Delhi and Mumbai. The gang reportedly used fake ID cards and notices to intimidate targets.
The studies found that sectors with the highest unaccounted income included real estate, mining, pharmaceuticals, pan masala, gutkka and tobacco, bullion and commodity markets, film industry, educational institutes and professionals.
Compliance window for those with undisclosed income abroad to come clean by paying 30 per cent tax and 30 per cent penalty
We raid restaurants for cockroaches but never raid the roadside. Public hygiene runs entirely on faith and fumes. Even after so many years of being a free nation, points out Binu Alex.
Indian Grandmaster R Praggnanandhaa secured his first victory at the Sinquefield Cup, defeating Javokhir Sindarov in a 95-move game.
The Delhi High Court has upheld a trial court's order declaring UK-based arms consultant Sanjay Bhandari a 'fugitive economic offender' in a money laundering case, allowing the Enforcement Directorate to proceed with confiscating his assets.
'We have to pull 80 million workers out of agriculture and go back to where we were in 2014. That itself is going to be a huge task.' 'We have already lost time, and that is a catastrophe impending.''
A crucial annual general meeting (AGM) of Tata Sons, the primary holding company of the Tata conglomerate, was adjourned due to a lack of quorum, specifically the absence of representatives from the Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT). The SRTT is currently under restrictions from the Maharashtra Charities Commissioner, preventing it from making major decisions or holding meetings, which impacted its ability to participate.
Assets worth only Rs 4,000 cr declared till mid-August; govt expects pick-up in last 2 weeks
Is this one car with options, or three distinct vehicles? Rajesh Karkera/Rediff.com finds out.
'The cash part is the lower hanging fruit compared to the other sources.' 'To attack the cash part of black money, I can't think of anything else but demonetisation.'
This is the first time that this important nodal national agency for economic intelligence has obtained data on suspected offshore stash of Indians as, till now, such information was only received by the exclusive wing of the Central Board of Direct Taxes.
The crackdown on black money has manifested itself in a doubling in outward remittances as black money attempts to leave India.
Industrialist and MP Rahul Bajaj on Wednesday added a new dimension to the debate over black money, saying it funds political parties.
For 17 years, Mani Bhavan was Gandhi's Bombay home and nerve centre of the freedom movement.
'Corruption is the tree.' 'Black money is the fruit from the tree.' 'This scheme will expose the unaccounted fruits of the tree.' 'But since the tree will continue to stand, the story will continue,' say Pramod Kumar Srivastava, Sanghamithra and Kravya.
India will begin its first round of consultations with the Swiss government on tracing black money stashed by Indians in banks in that country in December, but there is no guarantee of prosecution of offenders on the basis of information secured from them.
The Centre told the Supreme Court on Wednesday that almost every country, including India, was grappling with the problem of use of black money in elections and the electoral bonds scheme was a "conscious attempt" to eradicate the menace of "unclean money" in the poll process.
Mahindra Group Chairman Anand Mahindra announced the company would adopt an 'attack mode' strategy, accelerating investment, innovation, and execution to capitalise on opportunities arising from prolonged geopolitical and economic uncertainty.
Against estimates of black wealth of Rs 300 lakh crore and black money in cash of Rs 3 lakh crore by economist Arun Kumar, the PMGKY numbers fall short by a huge margin.
Total amount in these accounts is estimated to be around Rs 1,500-1,600 cr
With political divisions dominating conversations, can couples with opposing views stay together?
'The difference between black money in India and the black money out of India is, in India, it is tax evaded money and Indian money outside India is not only tax evaded money, but money which has been taken out of India's capital resources needed for India. So it is not only tax evasion, but treason too.'
Divya Nair shares the recipe for the perfectly-cooked salmon to be served with imperfect-looking mushroom pt and mashed potatoes, cooked with lots of love.
Azim Premji's private investment firm, Premji Invest, has quietly built a formidable portfolio of 11 AI startups, primarily in the US, with a combined valuation of $43 billion. The firm has participated in 19 funding rounds since 2021, with a notable focus on US-based companies, many of which were founded by Indian entrepreneurs.
Honda is re-entering the Indian market with the ZR-V, a premium hybrid SUV designed to be a halo product and showcase its global line-up, despite its high import price and some missing features.
"Let people pay, but if they don't pay, go after them"
