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.
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.
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.
From selling vacuum cleaners to Bollywood's poetic soul, Swanand Kirkire reveals the grit, heartbreaks, and coincidences behind his most iconic songs and life's journey.
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.
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.
With the Union Budget 2026, India's 74th, fast approaching, all eyes are once again on New Delhi's North Block as Finance Minister Nirmala Sitharaman is preparing to table it on February 1, 2026, marking her ninth Budget presentation in a row.
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.
'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'
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.
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.
This week's OTT releases feature a diverse range of genres, from the adult entertainment platform-focused Margo's Got Money Troubles starring Elle Fanning, Michelle Pfeiffer, and Nicole Kidman, to the Hindi crime drama Matka King with Vijay Varma, exploring Bombay's gambling culture.
"Clothes speak volumes before you do," says celebrity stylist Tanya Ghavri, who believes elegance matters more than virality.
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 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 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.
West Bengal Chief Minister Mamata Banerjee criticised the BJP after the central government failed to pass a Constitution amendment bill for women's quota in legislatures, accusing the BJP of using the bill as a political ploy to divide the country and Bengal.
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.
