Stepping up the attack on the government on the black money issue, Aam Aadmi Party chief Arvind Kejriwal on Wednesday accused it of adopting a "selective" approach in punishing the guilty and said he will try to meet the Special Investigative Team probing the high-profile case to share some details.
The black money law provides for tax and a penalty of 120 per cent of assets' value.
Senior NDA leaders held a press conference on Tuesday to present the report of a task force appointed by BJP to look into the issue of Indian black money stashed abroad and ways of dealing with the issue.
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.
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.
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.
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.
Targeting parties who are opposing the note ban, he claimed some people are upset as his decision has struck the "ring leader of thieves".
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'.
The Centre will disclose the list comprising over 600 names of the black money account holders on Wednesday after the Supreme Court slammed it for "giving a protective umbrella to foreign bank account holders". The court had said that Special Investigation Team will investigate black money and not the government.
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.
He was childlike with a camera in his hands -- not nave, but wonderstruck, as though the world were always on the verge of delivering something unrepeatable. Pulitzer Prize nominee Namas Bhojani recalls his long association with Raghu Rai, the legendary photographer who passed into the ages on Sunday.
The court will monitor the progress of SIT, and it has been asked to report to the court periodically about the status of investigation.
Michael remains a passable biopic that looks good, sounds great, and delivers the moments fans came for. But it also feels formulaic in a way that's hard to ignore, notes Mayur Sanap.
Rajan said expecting the government to provide all solutions wasn't right.
Switzerland has been making efforts to strengthen its bilateral cooperation with India .
Finance minister Arun Jaitley had recently sent a delegation to Switzerland and the members had returned with some positive movement.
Indian Grandmaster R Praggnanandhaa faced a setback at the Candidates chess tournament, while Javokhir Sindarov increased his lead.
BJP leader Subramanian Swamy on Thursday met President Pranab Mukherjee and apprised him of his "findings on the black money deposits of Indian politicians abroad," according to a statement issued by him.
Reports had it that the Centre recently received information about 700 Indians having black money in secret accounts with a multi-national bank in Geneva.
BJP also demanded that the government make public the action taken to bring back Indian money stashed abroad and steps initiated to prosecute such tax evaders.
Bourses chiefs say, they are keeping a constant vigil to thwart any attempt to make undue gains through the markets.
The country is biding time to assess the mood of the next Indian government.
Can a corrupt revenue system be trusted to keep confidences when oodles of money are involved, asks Mahesh Vijapurkar
Most of the 30-Sensex constituents led by M&M, Adani Ports, BhartiAirtel, Bajaj Auto, Hero MotoCorp, ICICI Bank, Sun Pharma, Cipla, HDFC Ltd, ONGC and Hind Unilever were trading in negative terrain, falling by up to 5.77 per cent.
Despite Iran allowing 'non-hostile vessels' through the Strait of Hormuz, marine insurance premiums are expected to remain elevated due to persistent high-risk classifications and ongoing geopolitical tensions, with experts cautioning that the threat of attacks and collateral damage still exists.
The case of alleged bribery of Syndicate Bank Chairman-cum-Managing Director S K Jain may come up for discussion in the meeting of Special Investigation Team on black money, as it is a "classic" case of how proceeds of corruption were transferred through hawala channels.
In the women's section, World Cup winner Divya Deshmukh turned the tables on overnight leader Anna Muzychuk to jump into joint lead with four others.
The Supreme Court on Wednesday asked the Centre to ensure that the ongoing income tax probe for suspected black money concerning 627 Indians who have accounts in HSBC bank, Geneva, do not get time barred and be completed by March next year.
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 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.
The Centre on Wednesday placed a list of names of 627 Indian account holders in HSBC bank, Geneva in the black money case before the Supreme Court which asked a Special Investigation Team to go through the list and take appropriate action in accordance with law.
A proposal for creation of seven Customs Overseas Intelligence Network units is pending with the Ministry of External Affairs.
Delhi Police have busted a Pakistan-linked terror module recruiting Indian youth through social media, arresting a key operative and uncovering plans for potential attacks.
Ferrari unveiled the 1,050-hp 849 Testarosa in Mumbai, blending aggressive design with a hybrid V8 powertrain capable of 0-100 km/h in just 2.25 seconds.
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.
The government on Tuesday said it cannot disclose the identity of persons involved in black money cases before initiating prosecution proceedings.
Chairman of Manipal Global Education Services says that the government often forgets that its prime duty is to serve the people and not some sick public sector units.
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.
