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 Congress party in Maharashtra has accused senior police officials, including an IPS officer, of involvement in a multi-crore bogus call centre racket and is demanding a high-level investigation.
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.
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 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.
Punjab Chief Minister Bhagwant Mann has accused the BJP-led central government of playing 'dangerous games' with Punjab, alleging the misuse of agencies like the Enforcement Directorate (ED) and the CBI for political purposes.
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.
Two wanted criminals from Bihar were arrested in Rishikesh following a police encounter. The accused, identified as Aamir and Anwarul Haq, sustained bullet injuries and were wanted for a recent shooting in Rishikesh and a fatal robbery in Bihar. The arrests occurred during a vehicle checking drive for the Char Dham Yatra.
Two wanted criminals from Bihar were arrested in Rishikesh following a police encounter. The accused, identified as Aamir and Anwarul Haq, sustained bullet injuries and were wanted for a recent shooting in Rishikesh and a fatal robbery in Bihar. The arrests occurred during a vehicle checking drive for the Char Dham Yatra.
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.
Targeting parties who are opposing the note ban, he claimed some people are upset as his decision has struck the "ring leader of thieves".
If you enjoy dark comedies, have even a passing understanding of the film industry, or simply recognise the absurdities of the world around you, then Mollywood Times emerges as one of the sharpest and most compelling love-hate letters written to Malayalam cinema, applauds Sreeju Sudhakaran.
Congress had attacked Narendra Modi during the Lok Sabha campaign on social media under the hashtag 'Feku'.
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 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.
If one has to compare the tenures of the two prime ministers one must credit Nehru with laying the foundations on which Modi is building a grand edifice, asserts Colonel Anil A Athale (retd).
The court will monitor the progress of SIT, and it has been asked to report to the court periodically about the status of investigation.
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.
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.
'While higher prices may create some financial burden for patients and caregivers in the short term, uninterrupted access to treatment remains the greater priority.'
A labourer was allegedly kidnapped from a train in Thane by an individual posing as an RPF officer, who then demanded ransom from the victim's family.
Can a corrupt revenue system be trusted to keep confidences when oodles of money are involved, asks Mahesh Vijapurkar
The country is biding time to assess the mood of the next Indian government.
Tamil Nadu Governor RV Arlekar announced that the TVK regime, led by Chief Minister C Joseph Vijay, will take steps to ensure fair financial devolution from the Centre, including pursuing the matter in the Supreme Court. The government also plans to conduct a 'Social Justice Survey' and address the state's severe financial deterioration.
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.
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.
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.
Karnataka Minister Priyank Kharge and Congress leader B K Hariprasad have raised concerns about the RSS not being a registered organization and questioned the sources of its funding, alleging that this lack of registration allows the RSS to evade government regulations. BJP leaders have defended the RSS, stating that registration is not mandatory for all organizations.
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 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.
The Indian government has issued a stern warning to industrial users who are reportedly procuring cheaper retail fuel instead of industrial-grade fuel, leading to significant losses for state-run oil marketing companies (OMCs) and potential local shortages. This diversion, driven by a substantial price difference between retail and bulk diesel, is adversely impacting OMCs, which are absorbing daily losses of approximately 550 crore to keep retail prices stable.
