Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be released.
The government has detected over Rs 1 lakh crore of undisclosed income in the last financial year, a figure more than double as compared to the search and seizure action undertaken by the Income Tax department during 2012-13 to check black money.
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.
The Supreme Court put an end to the investigation monitored by it against former Mumbai Congress chief Kripashankar Singh and his family members for allegedly amassing disproportionate assets and left it to the trial court to consider supplying final report to activists on whose public interest litigation the probe was ordered.
Out of these, no balance has been found in case of 289 accounts
Against a turbulent and uncertain background, Budget 2017-18 hewed a steady, forward-looking course, says Shankar Acharya, former chief economic adviser to the government.
'It is common knowledge that cash is anonymous.' 'When demonetisation was implemented, one of the intended objectives was to put identity on the cash holdings in the economy.' 'With the return of Rs 15.28 lakh crore in the formal banking system, the almost entire cash holding of the economy now has an address.' 'It is no more anonymous,' says Arun Jaitley.
Dept to focus on real estate, infra, mining and manufacturing to detect evasion.
'Quite the raconteur, much to the dismay of Courtroom 51's CBI Special Judge Jayendra Chandrasen Jagdale, Christopher 'Doglis' Marquis, a Bandra dog-breeder who was Prosecution Witness No 57 and a panch or witness, seemed to move into the witness box with glee, embellishing every answer that he gave to the lawyers' questions with a variety of additional details.' Vaihayasi Pande Daniel reports from the Sheena Bora murder trial.
The Cuban government has announced nine days of mourning and has set Castro's funeral for December 4.
Database to contain taxable financial transactions and history of any tax-paying individual.
In his massive election rallies, Prime Minister Narendra Modi often caught voters fancy promising that each individual would get Rs 15-20 lakh in his bank account if he came to power.
The Opposition on Monday charged the government with trying to promote crony capitalism, creating fear by giving "unbridled power" to taxmen, trying to snoop into people's lives through increased use of Aadhaar through the provisions of the Finance Bill.
'It is only because we were facing US threats that we were able to successfully develop a nuclear programme of our own.'
