Only Rs 10,720 crore of the junked currency notes did not return to the banking system, rest 99.9 per cent was deposited raising question mark over the government's effort of curbing black money through the demonetisation.
The blandness of the script and the just about passable performances make Mercy a wearying watch, particularly since the complexities of euthanasia are not adequately explored, observes Deepa Gahlot.
In the last Budget, the government had come out with similar compliance window for people holding undisclosed assets abroad.
The Bharatiya Janata Party (BJP) has long spoken of the need to unearth illegal tax-evading accounts held by Indians abroad.
While presenting the Budget on Monday, Finance Minister Pranab Mukherjee, had expressed 'serious concern' over the generation and circulation of black money and said that the government has adopted a five-fold strategy to deal with the menace.
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.
Amid the threat of yoga guru Baba Ramdev to go on a hunger strike on the issue of black money from June 4, the government on Wednesday said the series of steps taken by it to unearth unaccounted-for wealth have started yielding results.
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.
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.
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.
Finance Minister Arun Jaitley on Monday said the NDA government has done more work to fish out black money than any other previous government in a short span of two years and all efforts are afoot to book those who have not taken advantage of the disclosure scheme.
Rejecting the charge that the National Democratic Alliance has done a U-turn on disclosure of names of black money holders, Finance Minister Arun Jaitley has said the government will not be pushed into an act of adventurism and jeopardise the chances of getting cooperation of other countries in future.
PAN could be used by the probe agencies.
First cover contains names, documents and information of 18 persons already probed by I-T authorities.
The details are being shared with India on a 'spontaneous' basis and are different from the information sought earlier by the Indian authorities on the basis of 'leaked' or 'stolen' lists of certain banks.
The study was ordered in March 2011 when the nation was debating on the amount of unaccounted income with figures projected by politicians and civil society in crores of rupees.
The government may on Monday file an additional affidavit in the Supreme Court over the black money issue, stating clarification on its earlier stand of not revealing the names of those account holders who have deposited money in foreign banks.
The Indian mrime minister supported a new global standard on automatic exchange of tax information
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.
"Please guide those around you on increased cash-less transactions. Corruption and black money adversely affects the progress of our nation," he said.
India to hold one-to-one meetings with global counterparts to trace blackmoney.
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.
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.
Financial institutions at the risk of US sanctions as sharing of documents on SC directive amounts to violation of existing agreements.
Delhi Police have arrested four men from Maharashtra, Odisha, and Bihar for allegedly planning terror activities and attempting to recruit others online. An IED and related materials were seized during the operation.
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 22-year-old daughter of an IRS officer was allegedly raped and murdered at her Delhi residence. Police suspect a former domestic help, who is currently absconding.
Association points out that over 40 clearances from various agencies are required for real estate projects.
Indian Grandmaster R Praggnanandhaa faces Anish Giri in a crucial Candidates Tournament round, seeking a vital win to improve his standings. The tournament also features strong performances from Javokhir Sindarov and Anna Muzychuk in the women's event.
The Swiss Finance Ministry spokesperson further said the treaty states that "such persons or authorities shall use the information 'only' for such purposes.
Sebi has put in place a strong deterrence to check any misuse of participatory notes.
According to the report, 1,195 Indians, nearly double the old list of 628 shared by the French government with India, figure in the HSBC list with a total balance of Rs 25,420 crore.
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.
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 unearthing of capital flight of "black" money Indians have allegedly stashed away in Swiss banks could add $30 billion to the country's forex reserves, says a Bank of America Merrill Lynch report.
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.
Chief Election Commissioner Nasim Zaidi also warned that if parties try to sidestep proposed changes in election and income tax laws by taking advantage of any loophole, they will be dealt with accordingly.
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.
The Income Tax department will start sending SMS/emails to about 25,000 individuals, who are part of the "high-risk" cases identified for non-disclosure of foreign assets in the income tax returns (ITRs) filed for Assessment Year (AY) 2025-26, sources said.
