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.
Two Indian women figure among scores of foreign nationals with Swiss bank accounts, whose names have been made public by Switzerland in its official gazette for being probed in their respective countries.
In a major development in the fight against black money, multilateral grouping OECD today unveiled a 'single global standard' for automatic exchange of financial account information by various countries including India and Switzerland.
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.
Nearly three weeks after Prime Minister Narendra Modi announced junking high denomination 500 and 1000 rupee notes, Finance Minister Arun Jaitley introduced a bill to amend the income tax law.
West Bengal Chief Minister Mamata Banerjee has accused the BJP-led central government of using the proposed amendment to the women's quota law as a front for the Delimitation Bill, which she claims will divide the country. She asserted that her party will fight this move at every step.
Prime Minister Narendra Modi, in his second 'Mann ki Baat' radio address to the nation on Sunday, said as far as the issue of black money was concerned, he would work to ensure that every single penny was returned back to the country.
Amid charges of black money playing a part in the IPL, Sports Ministry has asked the Finance Ministry to order an expeditious probe into it.
Sebi found a typical pattern in trading of shares of these companies.
Senior Bharatiya Janata Party leader L K Advani on Thursday reiterated the demand for a white paper from the United Progressive Alliance government on the action it had taken so far the bring back the black money stashed away in foreign banks by India citizens.
The first high-level meeting of the Special Investigation Team on the issue of black money and special probe into cases of unaccounted funds stashed away abroad by Indians has been advanced and will now be held on June 2.
China also had the largest illicit outflows of any country in 2013.
Noida Cyber Crime Police arrested four individuals in Sector 76 for allegedly defrauding foreign nationals through a tech support scam. The accused posed as technical support agents, falsely claiming hacking incidents to extort money from victims.
Burman held an undisclosed, yet, active account in an HSBC branch in Zurich
The last government on March 21, 2011 commissioned the study on estimation of unaccounted income or wealth both inside and outside the country.
'Shah Rukh Sir gave us a lot of room to make the film we wanted to make.'
In the previous Budget, the government had come out with a similar scheme.
Indore-based textiles firm Neo Corp is the latest in a series of Indian names that have been published in the official gazette of the Swiss govt.
Police in Rajasthan's Jhalawar have frozen assets worth more than Rs 2.5 crore belonging to an alleged drug trafficker under provisions of the NDPS Act.
The prime minister said a stable global economic and financial system is imperative for growth as it promotes inclusive and sustainable growth.
Anil Divan, who is fighting the black money case in the Supreme Court, speaks to Sheela Bhatt/Rediff.com.
Income Tax dept will launch over 100 fresh prosecution complaints.
The SIT found and reported that there was no amount shown in almost 289 HSBC Geneva entries, while 122 of them were repeated twice in the same list.
'Markets never fully lose hope. But an important shift could come if the Strait remains closed -- moving from high prices to no prices.'
Jagdish Chhokar, founder-member of the Association for Democratic Reforms says there should be a law to regulate the functioning of political parties.
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.
Prime Minister Narendra Modi asked G20 nations to freeze and repatriate unaccounted money hoarded abroad.
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
The fair market value of an immovable property will be higher from the acquisition cost.
India and Singapore had in 2013 amended the DTAA to help exchange banking and tax-related information more effectively.
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.
Armed with information on secret bank accounts of citizens from 10 countries, the Finance Ministry said on Wednesday the results of its crusade against black money will be visible over the next five years.
SIT on black money on Monday decided to widen its probe as new names of Indians with Swiss bank accounts have come up
In 2014-2015 the I-T department put up 669 cases for prosecution. The charges stuck in only 34 cases: Just 5%. It was no exceptional year -- the story broadly follows the script every year.
Narendra Modi on Wednesday said he was committed to bring back black money stashed abroad and assured people that if BJP is voted to power, he would set up a task force, amend laws and distribute the money brought in as "gift" among honest tax-payers.
Pending last minute disturbances or any other untoward development, the government and opposition have reached a compromise by which Parliament will function on Thursday.
India may have to wait till at least next year for information from Switzerland on possible black money trail to Swiss banks, as a treaty for the same might come into force only by the end of 2011.
In touch with the Swiss government under the DTAA mandate
Calling upon "honest" people within the Congress to act the way VP Singh had done on Bofors, Bharatiya Janata Party leader L K Advani on Wednesday said they should show the same courage in getting back black money stashed abroad by Indians.
