The Supreme Court on Tuesday said it was more interested in getting the black money stashed abroad back to the country than the disclosure of names of illegal account holders in foreign banks.
The Prime Minister said he was glad that the world community took note of this "because this is an issue that does not selectively affect one nation."
It is not perfect, given its lack of space and no diesel engine, but as a package the new Duster is brimming with character, which appeals to you in the end, says Somnath Chatterjee.
Political funding of elections has led to the rise in black money in the economy.
The Supreme Court-appointed SIT on Friday called for effective norms to curb betting in cricket and a stronger set of norms for P-Notes, while also making a case for bringing donations to educational and religious bodies under tax net.
Raising the issue of black money stashed away in foreign banks, BJP's Prime Ministerial candidate L K Advani on Wednesday said that if the money is routed back to the country it could be used for development work.
The agreement, convention on mutual administrative assistance in tax matters, is a multilateral agreement of 31 other nations.
As part of efforts to tackle the menace of black money, the government has commissioned studies to estimate the amount of unaccounted income and wealth.
Deputy Chairman of the Supreme Court-appointed Special Investigative Team on black money, Justice Arijit Pasayat, said Rs 70,000 crore of black money has been unearthed so far and the sixth report on it will be submitted to the apex court in April.
Revenue department would come out with more clarifications through FAQs on the Undisclosed Foreign Income and Assets Act.
Replying to an RTI query, the PMO said a Special Investigation Team (SIT) has already been formed and its investigation is underway.
Bengaluru police arrested four individuals, including three from other states, for allegedly selling banned narcotic substances. The police seized a significant quantity of ganja, hydro ganja, and MDMA.
FinMin working to ensure all govt transactions are done electronically, says official
The identity of the informant shall be kept a secret, it said.
Karnataka Minister Priyank Kharge and Congress leader B K Hariprasad have raised concerns about the RSS not being a registered organization and questioned the sources of its funding, alleging that this lack of registration allows the RSS to evade government regulations. BJP leaders have defended the RSS, stating that registration is not mandatory for all organizations.
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There is no doubt that the Modi government has showed greater urgency in unearthing unaccounted money stashed away by some Indians in tax havens and other countries, enjoying the advantages of the latter's banking secrecy laws.
Bharatiya Janata Party state president Shamsher Singh Manhas said the menace of corruption has also gripped Jammu and Kashmir.
Bharatiya Janata Party leader L K Advani on Saturday questioned the silence of Congress President Sonia Gandhi on black money, corruption and inflation and asked her to speak on these issues.
On Wednesday, the Modi sarkar placed a list of names of 627 Indian account holders in HSBC bank, Geneva in the black money case before the Supreme Court. While on the campaign trail, bringing back black money stashed away in foreign banks was one of the biggest election promises made by Narendra Modi. Rediff.com takes a look at some of the prime minister's tall assurances.
The government notified the compliance window under the Act.
The big question is whether Trump is any longer in command of the situation. For all practical purposes, the war seems set to cascade as the US is preparing for a potential ground operation in Iran and threatens to destroy 'bridges next, then electric power plants', points out Ambassador M K Bhadrakumar.
India and OECD -- grouping of mostly industrialised nations -- have agreed to strengthen cooperation in cross border taxation issues, the finance ministry said on Wednesday.
The Income Tax Department has not recommended 'amnesty scheme' to deal with the issue of black money, the government said on Wednesday.
Aiming to intensify government's drive on black money, the PMO has asked the revenue department to look for ways other than bilateral tax treaties to bring back funds stashed abroad.
Uttam Ghosh on Narendra Modi's pre-election promise to get back black money stashed in tax havens abroad.
Aiming to "awaken people about corruption and black money", Yoga guru Baba Ramdev on Tuesday started the 1,00,000-km-long Bharat Swambiman Yatra from Jhansi. "My yatra, 2012 Mahasangram, will awaken people in the entire country on the issue of black money and corruption. The Mahasangram, which started from the land of Veerangana Rani Lakshmi Bai, will reach Parliament one day," he said on the first day of the yatra.
The White Paper, which was tabled by Finance Minister Pranab Mukherjee in the Lok Sabha, also did not provide government's estimate of black money, within and outside the country, though it quoted various estimates of other agencies on the issue.
The government's committee on unaccounted ('black') money met on Friday to discuss changes in existing legislation to address the issue.
Finance ministry maintains that all KYC requirements will be followed.
This concession will be available only to those who had not received any intimation.
The Central Board for Direct Taxes on Friday said a black money declarant under the PMGKY scheme will be allowed to file declarations under the stipulated Form 1 by April 10, if tax and penalty is paid by the deadline that ends on March 31 (Friday).
The 97-page document tabled by Finance Minister Pranab Mukherjee made a strong case for setting up Lokpal and Lokayuktas. Though, there was no was mention of government's estimate of black money within and outside the country, it pitched for courts to expeditiously deal with the offence.
The White Paper, which was tabled by Finance Minister Pranab Mukherjee in the Lok Sabha, also did not provide government's estimate of black money, within and outside the country, though it quoted various estimates of other agencies on the issue.
It suggested reforms in the real estate sector.
'Alas, in this scheme there is nothing to stop the black money flows of the future.' 'On the contrary Modi has sown the seeds of more, through the issue of Rs 2,000 notes.' 'But have you heard one politician decrying this aspect of the scheme?' 'They must be secretly rejoicing that while Modi is taking away their past, he has not shut the door on their future,' says banker S Muralidharan.
Following the disclosure of eight names in the black money case by the Centre, senior Janata Dal-United leader and former chief minister of Bihar Nitish Kumar questioned the Bharatiya Janata Party-led government's action on Monday and launched a scathing attack on the government.
As real estate is about a tenth of the Indian economy, the extent of black money floating around in the sector is huge.
New CII President B Muthuraman on Wednesday said an amnesty scheme for unearthing black money is feasible provided the government gives a strong message that those not declaring this type of funds will go to jail.
The President, while addressing the concluding ceremony of celebrations for 150 years of the Income Tax Department, also made a strong case for tightening laws to book tax evaders.
Mahindra pushes premium EV strategy with XEV 9e Cineluxe, blending luxury design, immersive technology and over 500 km range capability.
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