With rest of the world showing no signs of growth and headwinds ahead for US growth, chances are that we might continue to see central banks pumping money into their economies
The government sought to dismiss reports that the 'Make in India' logo was inspired by a Swiss bank advertisement, saying the symbol has a "vibrant and dynamic" lion as against a "dull and boring" picture in Switzerland's ad campaign.
As the debate on alleged black money stashed by Indians in Swiss banks continues, Switzerland on Monday said it is looking forward to working together with the new government of India in its fight against tax evasion.
Switzerland has come under international pressure, including from India, amid concerns that black money is stashed in Swiss banks.
Switzerland, UK, Venezuela, US and France are t
The Income Tax department is likely to initiate prosecution against close to 300 people whose names have been submitted to the Supreme Court in connection with the probe into alleged black money accounts in HSBC Bank in Geneva.
Investors attribute some of the growth in Indian stocks, that saw Bombay's benchmark BSE index rise nearly a third in 2014, to the election of a pro-business government in May, under Prime Minister Narendra Modi.
Citing national security and confidentiality clauses, the Finance Ministry has declined to disclose information on exchange of correspondence among India, Swiss and German authorities in connection with the black money probe.
Switzerland has been perceived for long as a safe haven for alleged illicit funds or black money
Switzerland has been facing international pressure as countries step up efforts to curb illicit fund flows.
The revised Double Taxation Avoidance Agreement between the two nations, that would allow India to seek details about its citizens having unaccounted money in Swiss banks, was approved by Switzerland's Parliament on June 17
Continuing to shed its famed banking secrecy veil, Switzerland today made public more names about which it has been approached from abroad for information, even as it published fresh gazette notifications about two Indians -- Sayed Mohammed Masood and Chand Kauser Mohammed Masood.
Modi urged the Swiss business leaders to explore the investment opportunities in India.
Suspended FIFA President Sepp Blatter appeared before the ethics committee of world football's governing body on Thursday in a case that could end with him banned from the sport for years.
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.
It would seem when it comes to secrecy on bank accounts the Indian government seems to have a tacit arrangement with the Swiss -- even if the Swiss fail in protecting the identity of crooks, India will, says M R Venkatesh.
Authorities had written letters to Swiss Attorney General and other officials to reopen the corruption cases that were closed under a controversial graft amnesty issued by ex-military ruler Pervez Musharraf, National Accountability Bureau Chairman Naveed Ahsan's lawyer Abid Zubairi informed a seven-member bench headed by Chief Justice Iftikhar Chaudhry.
Bowing to pressure from the Supreme Court, the Pakistan government on Wednesday said it has asked Switzerland to reopen graft cases against Asif Ali Zardari over alleged stashing of $60 million in Swiss banks.
Billionaire Gautam Adani on Sunday won the race to acquire Swiss cement major Holcim's stake in Ambuja Cements and its subsidiary ACC for $10.5 bn (around Rs 81,361 crore), including the open offers. The Adani family, through an offshore special-purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Holcim Ltd's entire stake in two of India's leading cement companies -- Ambuja Cements and ACC -- the Adani group said in a statement. The group outbid Ultratech and JSW group to enter the cement industry and also emerge as the country's second-largest cement manufacturer, with 70 million tonnes of capacity annually.
SIT on black money on Monday decided to widen its probe as new names of Indians with Swiss bank accounts have come up
Experts of both the countries will meet by mid-September 2016 to further discuss the modalities for the reciprocal bilateral implementation of AEOI between India and Switzerland with a view to reaching an agreement at the earliest, possibly by the end of the year
How many hours of work does it take to buy a half a litre of beer at a retail outlet?
The bank has been at the centre of the black money and tax evasion scandal.
About Rs 1,282 crore has been levied as tax in 159 cases pertaining to concealment of tax due to the government
'The BJP is saying we have Modi, who have you got?' 'We have the people of India on our side.'
After biding his time for much of the race, the British four-time Olympic track champion surged to the lead in the final four miles and broke Ethiopian Mosinet Geremew to shatter the European marathon record of 2:05:48 despite wet and sometimes windy conditions.
This marked an increase from 2,63,000 at the end of 2013
Cross-country skier Johaug to call time on Olympic career after Sunday's 30km.
A team would soon be visiting Switzerland to hold talks with the Swiss authorities in an effort to unearth unaccounted for money stashed away by Indian nationals, Finance Minister Pranab Mukherjee has said. The government has finalised dates to renegotiate existing treaties with Switzerland and Belgium to broaden the scope for bringing back money parked illegally by Indians in foreign banks.
"Guide to looting India by Nirav Modi - - 1) Hug PM Modi 2) Be seen with him in Davos. Use that clout to: A) Steal 12,000 crore B) Slip out of the country like Mallya, while the government looks the other way," Congress chief Rahul Gandhi tweeted.
The WEF meeting is crucial because of its theme encompassing globalisation at the time of rising nationalism and trade war, and the fourth industrial revolution due to rapid strides being made in robotics and artificial intelligence.
The government should publish a White Paper Indian wealth stashed abroad: Advani.
Adani Wilmar's bid was approved by the committee of creditors of the bankruptcy-bound Ruchi Soya with about 96% votes in favour
The Reserve Bank on Thursdaysaid it is keeping a close watch on global banking major HSBC.
Occasionally, a whistle-blower releases sensitive financial data.
Was Kerkar duped by his employees, as he claims, or did a cocktail of greed, poor cost control and bad management bring the travel firm down, wonder Pavan Lall and Aneesh Phadnis.
In an interim order, Justice C Hari Shankar also restrained Gokhale from posting scandalous tweets against Lakshmi Puri and her husband Union minister Hardeep Singh Puri during the pendency of the defamation suit.
Money permits patronage. Money means power. No wonder details of the crores locked up in NPAs and never repaid loans are top secret, Sunanda K Datta-Ray.
A German court convicted Uli Hoeness of tax evasion on Thursday and sentenced the soccer manager who turned Bayern Munich into one of the world's most successful clubs to three-and-a-half years in jail.
A world anti-money laundering body has deleted all trace of an alert it issued last week warning that financial institutions had not done enough to police suspicious financial activity by officials at FIFA.
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