Three institutes entrusted with the task to estimate amount say data collection a hurd#8804 to submit report by December.
Luxury carmakers are shifting into high gear with a mix of product launches, personalised experiences and lifestyle-led engagement.
What has surprised the industry is that the Bill has been tabled without any consultation. Critics warn the ban on real-money gaming could fuel black markets, endanger 200,000 jobs and billions in tax revenue.
A day before US President Donald Trump's additional 25 per cent tariff kicks in, Prime Minister Narendra Modi on Tuesday made a vehement pitch for swadeshi and Make in India that should help create jobs in the country.
'For the longest time, he was not an activist.' 'He was just trying to build his own self-identity, self-respect and ambition.'
'Last year, I messed up some good positions against him, I think I did not beat him (in classical) for almost two years now, so finally it's good to get a win.'
'The low tax to GDP ratio of the country will go up, helping the government to adhere to fiscal discipline and keep inflation in check.'
The sources said the taxman has initiated a country-wide operation to identify suspect bank accounts where huge cash deposits have been made post November 8.
While the black money declarations may go up further once all the online and manual filings of undisclosed assets filed at the end of the four-month window on September 30 are compiled, the government will get this fiscal nearly Rs 14,700 crore or half of the total taxes due.
The Securities and Exchange Board of India (Sebi) on Wednesday announced a slew of measures to ease the compliance burden in the stock markets ecosystem, encourage more companies to list on the bourses after reverse flipping to India, and facilitate greater foreign fund flows into government bonds.
The RBI has also been asked to consider displaying this information on its website.
World champion D Gukesh was held to a draw by the lone wild card Samuel Sevian, while fellow Indian R Praggnanandhaa also split the point with Nodirbek Abdusattorov.
Several fast-moving consumer goods (FMCG) companies have said that they would pass on the full benefit of goods and services tax (GST) rate cuts to consumers starting September 22. Dairy major Mother Dairy, on Tuesday, announced rate cuts in products spanning its portfolio-- from milkshakes to paneer and jams to frozen products under its Safal brand.
Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.
Former White House trade advisor Peter Navarro accuses India of being an 'oil money laundromat' for Russia, alleging that India's oil purchases are funding Putin's war in Ukraine. The accusations come amid existing trade tensions and tariffs imposed by the US.
Earlier, Arun Jaitley had said 60 prosecutions had been launched on the 'HSBC list'.
Leading FMCG companies have announced a price cut on their products, including soaps, shampoo, baby diapers, toothpaste, razors, and after-shave lotions, effective from September 22 to extend the GST rate cut benefits to consumers. Firms such as Procter & Gamble, Emami and HUL have come up with new price lists which have been communicated to their respective distributors and consumers through their respective websites.
'They are clueless about the man on the currency notes.' 'They have been fed with WhatsApp forwards, so either Gandhi is vilified or deified. There's nothing in between.'
Delhi Police are questioning five individuals in Gujarat regarding their potential involvement in the attack on Delhi Chief Minister Rekha Gupta. The investigation is ongoing, with mobile phones seized and leads being pursued.
'Begin with a small investment, observe performance, then scale up gradually.'
Banks asked to maintain record of cash being ferried in these vehicles all the time
In the last 11 years, India and the world witnessed what he stood for, what he promised and did not deliver, and what he actually stood for and practised without fearing how history would judge him. Modi's tenure has been punctuated with headline-grabbing decisions, symbolic gestures, and stage-managed moments that continue to define his leadership and India's politics, points out Ramesh Menon.
The Income-Tax (I-T) Department has detected widespread tax evasion involving cryptocurrencies and, according to media reports, has issued emails to thousands of defaulting taxpayers seeking transaction details. Investors must understand the tax rules governing crypto assets and respond promptly to these emails.
The iPhone 17 lineup has been launched in three models -- iPhone 17, iPhone 17 Pro and iPhone 17 Pro Max, unlike previous series that have a "Plus" model as well.
The government on Thursday clarified that black money declarants using the one-time compliance window cannot pay tax and penalty from undisclosed income to bring down their liability.
R Praggnanandhaa scored a fluent victory over Frenchman Alireza Firouzja to claim the joint lead after the seventh round of the Sinquefield Cup.
The Supreme Court today decided to hear on February 19 an application seeking speedy hearing of a plea by jurist Ram Jethmalani accusing the Centre of not implementing its directions on the issue of black money allegedly stashed in banks abroad.
The new model is 5.6mm thick. CEO Tim Cook said it promises "pro performance in a thin and light design."
Kubera is a well-intentioned addition to Shekar Kammula's cinematic universe that drags on but never loses its prescient quality, notes Arjun Menon.
School students in Rajasthan will no longer study two-part supplementary textbooks with state Education Minister Madan Dilawar arguing that these reading materials are not required because they glorify the Nehru-Gandhi family and carry no marks for students.
Lal Chowk in the heart of Srinagar was Kashmir's leading venue for protests where fortified defences had been set up by security forces. Today a group of youngsters dances at the Chowk and makes reels.
In the first tranche, the department will send out letters in 100,000 cases where the money spent is at least Rs 1 crore (Rs 10 million) each a year.
The Income Tax department is likely to initiate prosecution against close to 300 people whose names have been submitted to the Supreme Court on Wednesday in connection with the probe into alleged black money accounts in HSBC bank in Geneva.
If India was able to provide additional and new information about people and entities that figure on stolen lists, they may consider it to exchange information
The Central Board of Direct Taxes (CBDT) has signed up the country's three top economic think tanks to arrive at an official figure. This will help the government frame policies to tackle the problem.
The Bill could be referred to the Parliamentary Committee for scrutiny
Nitin Gadkari said AI will be used to detect landslides, waterlogging and accident-prone spots on highways, while highlighting logistics cost cuts and road safety initiatives
Japan is expected to increase its investment target in India from the earlier 5 trillion yen ($34 billion) to almost 10 trillion yen.
The Congress followed next with Rs 620 crore or 18.5 percent of the total expenses among the 32 national and regional parties whose records were analysed, the ADR said.
Addressing Parliament on the first day of Budget session, President Pratibha Patil said steps have already been initiated for negotiations to enter into agreements for the exchange of information with major jurisdictions.
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