There is a clever modus operandi to keep the identity of the stash holder under wraps.
Janata Party President Subramanian Swamy on Monday met Central Bureau of Investigation director and demanded registration of cases against Indians who have allegedly stashed away money in foreign banks.
India, the land that gave the world Darjeeling and Assam tea, risks losing its place at the global tea table, not because of its leaves, but because of its lost opportunities, notes Kanika Datta.
'I am doing the drive in making sure that people pass this on. So the drive is not with distrust. The drive is just in case.' 'Just in case it doesn't get passed on, I am here.'
Last month, the DRI had claimed to have busted over Rs 1,000 crore hawala racket in Punjab.
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.
"Does that mean the Enforcement Directorate mislead Supreme court? It seems so. This is very serious. I am surprised to know about the judgment," said apex court's topnotch lawyer Harish Salve reacting to a Mumbai court's rejection to the plea by the ED seeking remand of Hasan Ali Khan for his custodial interrogation in a money laundering case.
Switzerland says it is not a tax haven.
Describing black money as the 'black godmother' of all evils engulfing the country, Law Commission chairman P V Reddy said on Wednesday that to tackle the menace, the government needs to unleash a 'fear psychosis' on wrongdoers that they will be detected and punished.
India Inc reacted cautiously to allegations on Swiss a/cs.
Tax collection at source on purchase, in cash, of bullion or jewellery in excess of Rs 2 lakh is one step announced.
Tax department has launched 60 prosecutions.
Proposed scheme will not provide immunity to tax defaulters.
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.
Mahindra makes an interesting entry into urban centres with the relaunched Mahindra Bolero, writes Rajesh Karkera/Rediff.com.
'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 offroad legend 2025 Mahindra Thar launched at an eye-popping Rs 9.99 lakh, writes Rajesh Karkera/Rediff.com.
The government of India took note about the money kept by the Indian tax eva-ders in Swiss Banks, which is estimated at around $462 billion.
Luxury carmakers are shifting into high gear with a mix of product launches, personalised experiences and lifestyle-led engagement.
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.
In the midst of a row over tainted money stashed in banks in Switzerland, the government on Tuesday said it will begin talks with that country in December for amending the relevant treaty and it was not interested in a "roving inquiry".
Chief Election Commissioner S Y Quraishi talks to Kavita Chowdhury on the need to speed up electoral reforms.
Security forces say Naxals have amassed nearly Rs 1,500 crore through extortion, kidnapping, looting and the narcotics trade.
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.
Kubera is a well-intentioned addition to Shekar Kammula's cinematic universe that drags on but never loses its prescient quality, notes Arjun Menon.
'Begin with a small investment, observe performance, then scale up gradually.'
'For the longest time, he was not an activist.' 'He was just trying to build his own self-identity, self-respect and ambition.'
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.
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.
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.
The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of Rs 10 lakh under the anti-black money law. The department issued a public advisory as part a compliance-cum-awareness campaign launched recently by it on Saturday to ensure that such information is reported by the assessee in their Income Tax Return (ITR) for assessment year (AY) 2024-25.
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.
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.
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.
Noted advocate and Bharatiya Janata Party member Ram Jethmalani on Thursday created a flutter in the Rajya Sabha when he made certain remarks against persons having money stashed away in Swiss banks.
What are you going to watch on OTT this week? Sukanya Verma lists your options.
Mauritius is back in the news, and as usual not for the right reasons.
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.
R Praggnanandhaa scored a fluent victory over Frenchman Alireza Firouzja to claim the joint lead after the seventh round of the Sinquefield Cup.
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