Rejecting the charge that the National Democratic Alliance has done a U-turn on disclosure of names of black money holders, Finance Minister Arun Jaitley has said the government will not be pushed into an act of adventurism and jeopardise the chances of getting cooperation of other countries in future.
First cover contains names, documents and information of 18 persons already probed by I-T authorities.
PAN could be used by the probe agencies.
The details are being shared with India on a 'spontaneous' basis and are different from the information sought earlier by the Indian authorities on the basis of 'leaked' or 'stolen' lists of certain banks.
The study was ordered in March 2011 when the nation was debating on the amount of unaccounted income with figures projected by politicians and civil society in crores of rupees.
The government may on Monday file an additional affidavit in the Supreme Court over the black money issue, stating clarification on its earlier stand of not revealing the names of those account holders who have deposited money in foreign banks.
Under the new rules, users must take a "live selfie" using software that verifies their presence, typically through eye-blinking or head movement. The measure helps prevent the use of static photos or deepfakes.
The Indian mrime minister supported a new global standard on automatic exchange of tax information
"Please guide those around you on increased cash-less transactions. Corruption and black money adversely affects the progress of our nation," he said.
The Congress dared Finance Minister Arun Jaitley to do a full disclosure in response to his claim that revealing the names of those who have stashed away black money in foreign banks will embarrass the opposition party.
India to hold one-to-one meetings with global counterparts to trace blackmoney.
RJD chief Lalu Prasad took out a march on the main roads in Bihar capital on Sunday to protest against the Modi government's failure to bring black money.
Addressing chartered accountants on the foundation day of the Institute of Chartered Accountants in India, Modi also said CAs should take a pledge to bring people in the tax bracket rather than boasting about the number of clients they have saved from paying taxes.
Allowing the elite to escape tax and regulation curbs economic growth, accelerates capital flight from poor countries and promotes corruption and crime around the world, says Rajni Bakshi.
Financial institutions at the risk of US sanctions as sharing of documents on SC directive amounts to violation of existing agreements.
Association points out that over 40 clearances from various agencies are required for real estate projects.
The Swiss Finance Ministry spokesperson further said the treaty states that "such persons or authorities shall use the information 'only' for such purposes.
Indrani Mukerjea, in pure white, sporting dancing pearl jhumkas, bobbed about the accused box, occasionally floating up front to whisper urgent suggestions to her lawyer Ranjeet Sangle as retired cop and prosecution witness Dinesh Kadam gave her a long look. Vaihayasi Pande Daniel returns to cover the Sheena Bora murder trial after 18 months.
Sebi has put in place a strong deterrence to check any misuse of participatory notes.
According to the report, 1,195 Indians, nearly double the old list of 628 shared by the French government with India, figure in the HSBC list with a total balance of Rs 25,420 crore.
The vice chairman said they have asked agencies like the ED, IT to make an assessment of the list and prepare a report in this regard.
A stream of people, including those from Rajasthan and Karnataka, walked into the only designated office before the closure of the one-time compliance window.
The unearthing of capital flight of "black" money Indians have allegedly stashed away in Swiss banks could add $30 billion to the country's forex reserves, says a Bank of America Merrill Lynch report.
Finance Minister Arun Jaitley on Friday said Switzerland has agreed to share information on Indians having illicit money in Swiss banks on independent evidence provided in each case to the Alpine nation.
Chief Election Commissioner Nasim Zaidi also warned that if parties try to sidestep proposed changes in election and income tax laws by taking advantage of any loophole, they will be dealt with accordingly.
Navjot Kaur Sidhu claims support within the Congress party after being suspended for her controversial remarks. She also accuses Sukhjinder Singh Randhawa of corruption and links to smugglers.
According to an expert, if the government seriously pursues the matter then it should take about a year to bring back the black money stashed abroad.
Stepping up the attack on the government on the black money issue, Aam Aadmi Party chief Arvind Kejriwal on Wednesday accused it of adopting a "selective" approach in punishing the guilty and said he will try to meet the Special Investigative Team probing the high-profile case to share some details.
Senior NDA leaders held a press conference on Tuesday to present the report of a task force appointed by BJP to look into the issue of Indian black money stashed abroad and ways of dealing with the issue.
The black money law provides for tax and a penalty of 120 per cent of assets' value.
The 68th Grammy Awards began at the Crypto.com Arena in Los Angeles.
The court's remarks came after the government contended that it has got the information from the German government pertaining to the bank accounts of Indian citizens in Liechtenstein Bank there.
The I-T department has issued 2,190 warrants and seized assets worth Rs 299.63 crore (Rs 2.996 billion), Finance Minister Pranab Mukherjee said in the Rajya Sabha.
Targeting parties who are opposing the note ban, he claimed some people are upset as his decision has struck the "ring leader of thieves".
'In three years, you will have an AI model that will be smarter than the smartest mathematician or the smartest scientist.'
India on Wednesday said it hopes the G-20 nations will pay heed to its call for a strong action on the issue of black money stashed in tax havens during their crucial summit in Cannes.
West Bengal Chief Minister Mamata Banerjee on Tuesday suggested that black money stashed away abroad be brought back to the country for state funding of elections.
'Sunny sir was very different from what we imagined -- calm, shy, and soft-spoken. He didn't talk much, just smiled gently.'
JioBlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock, on Monday announced closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore ($2.1 billion).
Congress had attacked Narendra Modi during the Lok Sabha campaign on social media under the hashtag 'Feku'.
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