News for 'Black Money'

How Indian black money in Swiss banks can be brought back

How Indian black money in Swiss banks can be brought back

Rediff.com27 Jun 2011

For starters, as Subramanian Swamy suggested, how about putting pressure on Parliament to pass a resolution concerning all PEPs to retrieve our wealth through the RIAA?

'Putin Is A Liar'

'Putin Is A Liar'

Rediff.com15 Apr 2025

'Putin dreams about his legacy. He wants to forcibly restore the Russian empire.' 'Unfortunately, after three years of large-scale war with massive human losses, Putin will not budge from his goal because human life is the cheapest resource in the Russian State.'

Many Congressmen...: Kharge counters 'batenge...' slogan

Many Congressmen...: Kharge counters 'batenge...' slogan

Rediff.com9 Nov 2024

Kharge also hit back at the BJP for criticising his party colleague Rahul Gandhi over a copy of the Constitution with a red cover. He showed a picture of PM Modi gifting a similar copy to former president Ramnath Kovind.

Black money case: ED gets nod to grill Hasan Ali

Black money case: ED gets nod to grill Hasan Ali

Rediff.com30 Mar 2011

A sessions court on Wednesday granted the Enforcement Directorate permission to question top tax evader Hasan Ali, who is presently lodged in Mumbai's Arthur Road jail. According to reports, the interrogation would be video-recorded as per the orders of the Supreme Court.

Rs 8.7 Trn Individuals Vs Rs 4.53 Trn Corporates

Rs 8.7 Trn Individuals Vs Rs 4.53 Trn Corporates

Rediff.com12 Feb 2025

From FY20 to FY24, the revenue forgone due to tax incentives for individuals and Hindu undivided families stood at Rs 8.7 trillion, significantly higher than the Rs 4.53 trillion forgone for corporations.

Footballer in the dock for racism

Footballer in the dock for racism

Rediff.com3 Feb 2025

Australian captain Sam Kerr who has Indian ancestry, has pleaded not guilty to one count of racially aggravated harassment.

I-T raids unearth massive black money -- and almost Rs 6 cr in new notes!

I-T raids unearth massive black money -- and almost Rs 6 cr in new notes!

Rediff.com2 Dec 2016

The biggest-ever seizure of cash in new currency grew to over Rs 5 crore on Friday even as the Income Tax department said it detected unaccounted income worth Rs 152 crore after it conducted searches in a dozen premises in Bengaluru and other locations.

Plea to link Aadhaar with property: HC seeks Centre's reply

Plea to link Aadhaar with property: HC seeks Centre's reply

Rediff.com17 Apr 2023

The Delhi high court on Monday asked the Centre to file reply on a plea seeking linking of immovable and movable property documents of citizens with their Aadhaar numbers to curb corruption, black money generation, and benami transactions.

Demonetisation: Why Did RBI Protect Modi?

Demonetisation: Why Did RBI Protect Modi?

Rediff.com17 Nov 2023

Events proved that on every count the RBI had accurately predicted both the damage and the lack of benefit. What the RBI was hiding was the fact that Modi had ignored its concerns -- all of which turned out to be true -- and gone ahead anyway, asserts Aakar Patel.

Money Courses To Help Earn Up To Rs 2 Cr

Money Courses To Help Earn Up To Rs 2 Cr

Rediff.com13 Sep 2024

Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.

No coercive action against Anil Ambani till Nov 17, HC tells I-T dept

No coercive action against Anil Ambani till Nov 17, HC tells I-T dept

Rediff.com26 Sep 2022

The Bombay high court on Monday directed the Income Tax department not to take any coercive action against Reliance Group chairman Anil Ambani till November 17 on a show cause notice issued to him seeking to prosecute him under the Black Money Act. The I-T department had issued the notice to Ambani on August 8, 2022 for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts. The department has charged Ambani (63) with "wilful" evasion, saying he "intentionally" did not disclose his foreign bank account details and financial interests to Indian tax authorities.

Why Wayanad's Landslide Survivors Are Protesting

Why Wayanad's Landslide Survivors Are Protesting

Rediff.com27 Mar 2025

In the months immediately following the 2024 tragedy, reporting on the landslide per se had been a straightforward affair. On one side was death and destruction. On the other side, survivors and the business of survival. It was black and white. What direction to take was clear. Rehabilitation in comparison, felt like a complex situation. One that is fraught with shades of grey. As grey as human life, explains Shyam G Menon.

'Unapologetically Indian' In New York

'Unapologetically Indian' In New York

Rediff.com19 Mar 2025

'I always cook from my heart,' says New York Chef Vijaya Kumar who won his third Michelin Star recently.

'Mr Modi Is Rattled'

'Mr Modi Is Rattled'

Rediff.com27 May 2024

The speech he gave in which he accused the Congress of getting black money in tempos from Ambani and Adani is remarkable.' 'It is a self-goal for sure, but indicates someone who has lost control, someone who is rattled.'

In absence of black swans, markets may rise further

In absence of black swans, markets may rise further

Rediff.com18 Mar 2024

Since March 2020, when the Nifty50 plummeted to 7,511 following the announcement of a nationwide lockdown, the stock market has been on an upward trajectory. Over the next four years, the major market index has delivered a remarkable compounded annual growth rate (CAGR) of over 31.5 per cent. In the past year alone, the Nifty50 has gained by 27 per cent, hitting a succession of record highs.

The story behind Nirmala's sari

The story behind Nirmala's sari

Rediff.com1 Feb 2025

Union Finance Minister Nirmala Sitharaman is often known for making statements with her sarees on Budget Day. Each year, she wears a saree that represents India's rich textile heritage and traditional craftsmanship, and this year was no different. This year, Sitharaman chose to wear a beautiful off white saree with intricate golden work, paired with a red blouse and a shawl while carrying her trademark 'bahi-khata', a tablet wrapped in a red-coloured cloth with a golden-coloured national emblem embossed on it.

'No one knows who funds the BJP'

'No one knows who funds the BJP'

Rediff.com16 Feb 2024

'Who has given how much money to which party, the people of India must know this fact.'

3 reasons why India's rich stash money abroad

3 reasons why India's rich stash money abroad

Rediff.com3 Nov 2014

Clearly, rich Indians have little confidence in India. Perhaps we are also chronically dishonest.

Why tax sops under Section 54 are money-launderer's delight

Why tax sops under Section 54 are money-launderer's delight

Rediff.com28 Dec 2015

Section 54 provides a tax-free method to convert unaccounted money into accounted money, says Harsh Roongta.

World Chess C'ship: Game 2 draw keeps Ding in control vs Gukesh

World Chess C'ship: Game 2 draw keeps Ding in control vs Gukesh

Rediff.com26 Nov 2024

Indian Grandmaster D Gukesh draws with defending champion Ding Liren in second game of World Chess Championship in Singapore.

ED questions Anil Ambani in fresh FEMA case

ED questions Anil Ambani in fresh FEMA case

Rediff.com3 Jul 2023

Reliance ADA Group chairman Anil Ambani on Monday appeared before the Enforcement Directorate (ED) in Mumbai and recorded his statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said. Ambani, 64, deposed at the office of the federal agency in south Mumbai. Ambani's statement was recorded as part of a fresh case filed under various sections of the Foreign Exchange Management Act (FEMA), the sources said without elaborating.

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

Rediff.com15 Jan 2024

BlackRock has again reduced the valuation of its share in edtech firm Byju's - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager. This is 95 per cent less than its peak valuation of $22 billion in 2022. The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.

Govt cuts sorry figure with money laundering

Govt cuts sorry figure with money laundering

Rediff.com6 Apr 2009

One is really left wondering how India can ever claim to fare better than the United States and the United Kingdom in this space.

Drowning In A Sea Of Entertainment

Drowning In A Sea Of Entertainment

Rediff.com22 Jan 2025

'There is simply too much to watch, read and absorb.' 'Just online consumption (news, entertainment, social media) in India was 2.5 hours a day in November 2024.' 'Add TV (just under 4 hours), other media, and the figure is closer to 7 to 8 hours a day for over one-third of Indians,' points out Vanita Kohli Khandekar.

Who's Suhana Hanging Out With?

Who's Suhana Hanging Out With?

Rediff.com15 Nov 2024

Check out the stunning attendees at the Tira beauty store launch.

Chess C'ship: Gukesh and Ding Liren's epic duel continues

Chess C'ship: Gukesh and Ding Liren's epic duel continues

Rediff.com7 Dec 2024

The World Chess Championship remained deadlocked as the 10th game between Indian challenger D. Gukesh and defending champion Ding Liren of China ended in yet another draw on Saturday in Singapore.

Despite Sanctions, India's Russian Oil Imports Surge

Despite Sanctions, India's Russian Oil Imports Surge

Rediff.com1 Feb 2025

Russian shipments averaged 1.67 million barrels per day in January compared to 1.48 million bpd in December and 1.53 million bpd a year earlier.

Gautam Khaitan arrested in fresh money laundering case

Gautam Khaitan arrested in fresh money laundering case

Rediff.com26 Jan 2019

ED sought his custody for seven days, claiming it had knowledge of unidentified assets which value more than Rs 500 crore and his custodial interrogation was required.

Electoral bond scheme deserved improvement, not scrapping: Amit Shah

Electoral bond scheme deserved improvement, not scrapping: Amit Shah

Rediff.com16 Mar 2024

Noting that he fully respects the Supreme Court order on electoral bonds, Union Home Minister Amit Shah on Friday said the scheme was introduced to end black money in politics and added that it should have been improved rather than scrapped.

Squid Game 2 Review: The Blood Sports Rage On

Squid Game 2 Review: The Blood Sports Rage On

Rediff.com27 Dec 2024

Squid Game 2 is almost a rehash of the earlier season, discovers Deepa Gahlot.

AAP claims Kejriwal's car attacked; It hit people, alleges BJP

AAP claims Kejriwal's car attacked; It hit people, alleges BJP

Rediff.com18 Jan 2025

Aam Aadmi Party chief Arvind Kejriwal's car was pelted with stones during campaigning in the New Delhi constituency on Saturday, the party alleged.

Who's Kashish Kapoor?

Who's Kashish Kapoor?

Rediff.com12 Nov 2024

Last week, two wild card contestants entered the Bigg Boss 18 house but only one is making their presence felt.

Cash may no longer be king as e-money emerges new ruler

Cash may no longer be king as e-money emerges new ruler

Rediff.com16 Jul 2016

The proposed ban on cash transactions above Rs 3 lakh may hit luxury goods, jewellery sales and real estate.

Tax dept issues notice to Anil Ambani for Rs 814 cr in 2 Swiss bank accounts

Tax dept issues notice to Anil Ambani for Rs 814 cr in 2 Swiss bank accounts

Rediff.com23 Aug 2022

The income tax department has sought to prosecute Reliance Group chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.

Withdrawing money from bank? Pay tax!

Withdrawing money from bank? Pay tax!

Rediff.com28 Feb 2005

The FM has levied 0.1 per cent tax will be levied on withdrawal of cash of Rs 10,000 and above from banks on a single day. So if you withdraw Rs 10,000 from the bank on a single day, you will need to pay a tax of Rs 10 on it.

Delhiwaale ho, dum dikhao: Kohli's advice to youngsters

Delhiwaale ho, dum dikhao: Kohli's advice to youngsters

Rediff.com28 Jan 2025

Virat Kohli began training with the Delhi team on Tuesday ahead of his eagerly-awaited Ranji Trophy comeback after a 12-year gap.

His name will be written in...: Raut slams ex-CJI Chandrachud

His name will be written in...: Raut slams ex-CJI Chandrachud

Rediff.com24 Nov 2024

Raut claimed that by not deciding on the disqualification petitions, Chandrachud kept doors and windows open for defections.

NZ skipper backs Stokes in debate on over-rates

NZ skipper backs Stokes in debate on over-rates

Rediff.com5 Dec 2024

'It's been over a year now since I made some comments about the over-rates to the match referee and umpires, and to this day we're yet to hear any response back from the ICC.'

'...Gukesh is not a favourite in this match anymore'

'...Gukesh is not a favourite in this match anymore'

Rediff.com6 Dec 2024

Gukesh, Liren eye breakthrough after series of draws in the Chess World C'ship.

'Round Trip To Prayagraj Costs Rs 70,000'

'Round Trip To Prayagraj Costs Rs 70,000'

Rediff.com28 Jan 2025

'The cost of flying to Prayagraj has gone up six times due to the Kumbh Mela.'