Asked about top Swiss bank UBS AG, reeling under criticism for sheltering American tax evaders, agreeing to US government's demand for disclosure, Kochhar generally hedged queries saying Indian banks were not in that kind of business. Black money had become a major issue in the run up to the Lok Sabha polls in April-May, with BJP leader L K Advani claiming that $500 billion of Indian money was stashed in banks abroad.
The department had sent SMSes and emails to 18 lakh people who made suspicious deposits of over Rs 500,000 during the 50-day demonetisation period.
Kingfisher has faced lawsuits from GMR and GVK-group run airports and also faced cases of cheque bouncing.
There were nearly 4,000 cabin crew with Jet when the airline was grounded; every fifth remains without a job to date. One cabin crew member with 10 years of experience has been forced to take up a teaching job; some have branched out into small businesses. Aviation jobs were scarce even before the Covid-19 pandemic arrived on Indian shores in early 2020. The situation has been exacerbated since.
The agency had received intelligence inputs that a huge amount of "unaccounted" cash is lying at the groups properties at Delhi and Noida.
"Post demonetisation, during November 9, 2016, to January 10, 2017, more than 1,100 searches and surveys were conducted and more than 5,100 notices were issued by the income tax department for verification of suspicious high-value cash deposits," Finance Minister Arun Jaitley said in a written reply in the Lok Sabha on Friday.
Rajya Sabha MP and Lalu Prasad Yadav's daughter, along with her husband Shailesh Kumar, are alleged to have entered into benami deals for purchase of a farm house in Delhi.
An IAS officer, who had made a mark in administration for his uprightness, was found dead at his official flat with police suspecting it to be a case of suicide.
During the searches at about 66 places, I-T officials said they've seized cash and jewellery worth over Rs 15cr.
Insisting that PM Modi has consistently cared for the farmers, Goyal said the Rs 75,000 earmarked for paying Rs 6,000 per annum to each of 12 crore farmers is not one time but a 'sustainable' provision.
Bourses chiefs say, they are keeping a constant vigil to thwart any attempt to make undue gains through the markets.
The central bank is the money manager of the government, and not a guarantor of any debt.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Mutual fund units you can buy now to get good returns in the long term.
The Swiss Finance Ministry spokesperson further said the treaty states that "such persons or authorities shall use the information 'only' for such purposes.
R Vignesh is a member of the Institute of Cost and Management Accountants of India in Chennai, appeared on Rediff Chat to answer readers' queries on GST.
Which is the best mutual fund plan to invest for your child's future? Which is the best pension plan for you to secure a stress-free retirement life? Financial planning expert Vetapalem Sridhar provides some answers.
The peak GST rate of 28 per cent as also the 5 per cent ad valorem cess will continue
Do you have too many tax saving mutual funds in your portfolio? Or have you got too many diversified equity mutual funds based on their market cap, theme, sector etc? Financial planning expert Vetapalem Sridhar runs a health check of your mutual fund portfolio.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
What are the good mutual funds that you must buy for the long term? Are there any good mutual funds that will not only make money but help you save your tax? Get Ahead financial planning expert Vetapalem Sridhar has some answers.
Always keep your portfolio simple, says mutual fund expert Rahul Goel.
Swiss banks seek fresh undertakings from Indians.
Lalu expressed his resolve to unite the opposition against Bharatiya Janata Party in the next general election.
The second campus would have the potential to create around 18,000 jobs
Markets pose a host of options - insurance, mutual funds, select post office schemes, PPF etc. Where you invest should depend on your needs, says financial planning expert Rahul Goel.
A loss of revenue from liquor sales will have to be compensated through increased landing and parking charges on airlines, which, in turn, will pass on the cost to flyers.
The most common mistake investors make is to inevst in funds wich have offered the highest return in recent times, says personal finance expert Rahul Goel.
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.
Home loan expert Harsh roongta answered home loan queries of Get Ahead readers. Here's the chat transcript for those who missed the chat.
The CAD in 2012-13 was at 4.7 per cent of GDP and in 2013-14 it will only 1.7 per cent, the Finance Minister said.
Be on your guard while dealing with MF advisors, says personal finance expert Rahul Goel.
While the share of diesel vehicles sales in the overall passenger car industry has already fallen sharply, sales of CNG vehicles have shown a compound annual growth rate of 15.5 per cent over the past five years.
What if the digital records of a food delivery service are leaked? What if a tech-savvy gaurakshak scans those records and discovers who the beef-eaters are? What happens next? Devangshu Datta highlights the risks posed by leaks of digital databases.
Money sent abroad rises sharply in July; maintenance of close relatives, education expenses top the chart
Buoyed by the success in a tiny but exclusive market, Lamborghini India, which operates dealerships in Mumbai, New Delhi and Bengaluru, is going to roll out another two, in Kolkata and Chennai, in the near future.
Compliance window for those with undisclosed income abroad to come clean by paying 30 per cent tax and 30 per cent penalty
Modi, after delivering his sixth straight address to the nation on Independence Day from the ramparts of the Red Fort in New Delhi, went into a brainstorming session with Sitharaman and all top officials in her ministry, sources privy to the development said. T
It is the duty of a tax payer to record all his/her transactions, to explain sources of payments made by him/her and to declare the true income in the returns of income filed every year.
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