In continued post-demonetisation crackdown on black money, stashes of new notes continue to be seized in several states, including Rs 1.05 crore from a tea seller-turned-financier in Gujarat and nearly Rs 90 lakh in Andhra Pradesh.
Senior Indian Administrative Services officer Ashok Singhvi, who is the Principal Secretary (Mines) in Rajasthan, was arrested in the wee hours of Thursday by the state Anti Corruption Bureau in the eighth arrest in a bribery case involving clearance for reopening of six closed mines of a miner.
The Reserve Bank of India has admitted that security features introduced in the higher denomination notes in 2005 as an anti-counterfeiting measure have been breached!
Why does the world's fastest-growing major consumer of energy fail to attract investments in oil and gas? This is a question worth pondering after private sector conglomerate Reliance Industries Ltd (RIL) failed to close a $15-billion downstream asset deal with Saudi Arabia's national oil company, Aramco. It's understandable if multi-billion dollar investments in oil and gas projects or deals involving state companies that need to traverse a complex bureaucracy at state and federal levels and the corridors of ministries unravel. However, Mukesh Ambani-run RIL, India's most successful energy company, is not typically known to fumble on closing deals (Ambani closed deals worth around Rs 2 trillion early last year in telecom and retail with blue chip investors).
The Congress unit described Ramesh's suicide an outcome of "targeted harassment" of their rank and cadre to keep them away from the party.
The taxman carried out a total of 677 search, survey and enquiry operations
Why did such a 'socially conscientious' people adapt to cash-for-votes and the like, as fish to water? N Sathiya Moorthy offers an explanation.
Counting of votes in the high-stakes close-to-call Bihar assembly elections, billed as a hot battle between Prime Minister Narendra Modi and Chief Minister Nitish Kumar, will take place on Sunday.
According to the FIR, some Delhi-based individuals were receiving funds from FIF operatives based abroad and were using it for terror activities.
A single bench of Justice N W Sambre also granted bail to his co-accused Arbaaz Merchant and Munmun Dhamecha.
Senior counsel Amit Desai, appearing for Aryan Khan, termed the NCB's contention as 'inherently absurd' and argued that when there was no recovery of drugs from him, then he should not be penalised at the stage of granting bail.
Promising a carrot and stick policy, Finance Minister P Chidambaram on Wednesday said taxmen will use annual information report, tax information network and the new bank cash transaction tax to track tax evaders.\n\n
'It may take the AIADMK much more convincing than already, not only to try and bring around even the one-time Muslim voters of the party. 'More importantly, the party leadership may find it even more difficult to convince traditional party voters and cadres, who had admired Jaya's nonchalance to the party and leader ruling the Centre,' says N Sathiya Moorthy.
Aditya Birla Management Corporation has received cash from certain group companies through hawala operators in Delhi, say investigators
market, was today seized from an illegal drug manufacturing unit in Jalgaon district in north Maharashtra and six persons were arrested, Directorate of Revenue Intelligence officials said.
The BJP had not filed till May the expenses statement for the Karnataka Assembly elections held last year in July.
Captain Bhoopendra Singh had also provided wrong information to his superiors and the police about the recovery made during the staged encounter, the charge sheet filed by the Special Investigation Team (SIT) of the Jammu and Kashmir Police before the chief judicial magistrate in Shopian said.
This money was found wrapped in newspapers and was concealed in their check-in baggage.
Raids are being carried out across the country by the Income Tax department in the wake of the burgeoning fake currency racket post demonetisation, as currencies both new and old have been seized in large amounts from Bengaluru, Panjim and Faridabad besides the national capital.
Pakistan dropped weapons and some cash in Indian currency using a drone in Jammu and Kashmir's Rajouri district, Director General of Police Dilbag Singh on Saturday said, announcing the arrest of three Lashkar-e-Tayiba terrorists who had picked up the consignment near the Line of Control.
Centre says the very object of demonetisation and elimination of black money will be defeated if a fresh window is given.
A combination of reduced cash intensity, a focused strategy of tax administration and GST is the way to go, say Sakshi Gupta, Tanvi Garg and Abheek Barua.
Among the seizures were Indian masters such as FN Souza, VS Gaitonde, SH Raza, Amrita Sher-Gil and Akbar Padamsee, sculptures from Italy and the US, Chinese artwork and masterpieces by Xu Lei and Zeng Xiaojun.
Authorities on Saturday continued to dig up currency to the tune of lakhs of rupees, including in new notes, across the country.
The action by the NIA came barely a few days after the Union Cabinet declared IRF as a banned organisation under UAPA.
To check black money menace, the Cabinet on Tuesday approved a new bill that would give more powers to the tax department in tracking illicit wealth stashed abroad and provide for strict penal actions for such offence.
The seizure of liquor has been a matter of concern for the EC since it apprehends that the liquor might be used to influence the voters.
The raids, codenamed "Operation Kuberan", was ordered by Home Minister Ramesh Chennithala in the wake of public outrage at the suicide of five members of a family, allegedly after running into deep debt on account of high-interest loans obtained from a local money lending racket, known as "blade companies" in local parlance.
The searches, they said, are related to the department's probe in the biggest haul of cash and gold in Chennai post demonetisation.
Telangana and Rajasthan are the last states to go to the polls in the current round of assembly elections, which also covered Madhya Pradesh, Chhattisgarh and Mizoram.
I-T officials are also looking into the finances of candidates who contested state elections in Uttar Pradesh, Punjab, Gujarat, and Karnataka, reports Shrimi Choudhary.
Officials said that taxmen visited seven locations in Bengaluru and three in Hyderabad of those event management companies which were given contracts to give a blockbuster look for the wedding of Bramhani last week.
The Uttar Pradesh government said prima facie no terror link had been established.
The studies found that sectors with the highest unaccounted income included real estate, mining, pharmaceuticals, pan masala, gutkka and tobacco, bullion and commodity markets, film industry, educational institutes and professionals.
Not declaring the black money under the scheme now, but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty. In case the disclosure is not made either using the scheme or in return, a further 10 per cent penalty on tax will be levied followed by prosecution.
DMK candidate Kathir Anand defeated All India Anna Dravida Munnetra Kazhagam nominee AC Shanmugham in the bypoll by a narrow margin of 8,141 votes.
The Election Commission has a fight on its hand as candidates use ingenious methods to smuggle in money to Voters.
People who observed the way his wealth and political clout grew say his fortunes hchanged once the ruling establishment handed him control of sand quarrying in Vellore and Kanchipuram districts after 2011.
With GDP down by 2 per cent, while 99 per cent of banned notes make way back to the banking system, whom did demonetisation benefit?
Innovative methods like transfer of funds through the RTGS banking system and concealment of currency wads inside car bonnets were detected by Election Commission as it took steps to curb the use of black money during the just-concluded Lok Sabha polls.
