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.
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.
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.
Delhi Police have arrested a driver who masterminded a robbery of his employer's cash, after initially claiming he was robbed by motorcycle-borne assailants.
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.
The Enforcement Directorate (ED) has requested a special PMLA court in Mumbai to issue a production warrant against Ashok Kharat, a self-styled godman-cum-astrologer, who is accused of rape and fraud and is currently in police custody in Nashik district, in connection with a money laundering case.
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.
India has no plans to ration fuel supplies despite ongoing disruptions in global energy markets, according to a top oil ministry official. The country has maintained adequate inventories of crude products and LPG while diversifying imports to manage supply risks.
From marocain to bromocriptine, the Scripps National Spelling Bee has challenged young wordsmiths with some of the English language's most obscure and fascinating words over the past decade.
The new City hybrid might seem expensive at Rs 21 lakh but offers a hybrid powertrain with excellent efficiency plus more aggressive styling.
Burman held an undisclosed, yet, active account in an HSBC branch in Zurich
A 40-year-old lost Malayalam cinematic gem, John Abraham's Amma Ariyan, has been meticulously restored in 4K by the Film Heritage Foundation and is now set to grace the prestigious Cannes Classics section
The last government on March 21, 2011 commissioned the study on estimation of unaccounted income or wealth both inside and outside the country.
While being more expensive than its four-door sibling, the M440i convertible is more exotic with its looks, and being a convertible certainly adds to the driving experience, says Somnath Chatterjee.
If you are feeling depressed, just watch this 15 year old on your TV! Your blues will fly away, exclaims Colonel Anil A Athale (retd).
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.
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.
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 prime minister said a stable global economic and financial system is imperative for growth as it promotes inclusive and sustainable growth.
Indian Grandmaster R Praggnanandhaa drew with Wesley So in the fifth round of the Super Chess Classic, part of the Grand Chess Tour, while Vincent Keymer of Germany maintained his lead.
Tata Motors' 2026 Tiago facelift is a tech-loaded and safety-focused entry-level hatchback, with prices starting at Rs 4.69 lakh.
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.
Jagdish Chhokar, founder-member of the Association for Democratic Reforms says there should be a law to regulate the functioning of political parties.
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.
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.
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.
