Some of the disclosures in the ITR form, under review at present, increases procedural hassles for expats
Many Indian companies provide outsourcing services to various American entities, including large banks and financial institutions.
Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL "with immediate effect" following the receipt of a no-objection certificate (NOC) from the banks, Modi's company received uninterrupted letters of undertaking (LoUs) from PNB, which were honoured by other banks until a few weeks ago.
The government on Thursday insisted in the Lok Sabha that it had never claimed that all the black money stashed abroad would be brought back within 100 days even as the opposition continued to target it over the issue.
Letter to corporate affairs ministry cites slowing economy, capital challenges.
The development of the coal mine located at Queensland in Australia and required infrastructure including railways would cost $7.6 billion.
Will Citibank gain from India's position among emerging markets?
Bank employees body AIBEA, which is a major constituent of the United Forum of Bank Employees' Association that has called a nationwide strike, on Tuesday said Finance Minister P Chidambaram rejecting wage demands of bank employees is "unfortunate" and the strike was forced on them.
Yes, if you are planning to apply for a loan or want to claim refund
Tearing into the claims of the United Progressive Alliance about its flagship employment generation programme MNREGA, BJP's prime ministerial candidate Narendra Modi on Tuesday alleged it had only "filled the pockets of Congress" and sought to debunk the much-touted RTI.
The RBI has agreed to consider the application of India Post in consultation with the government.
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.
In the first of a three-part series Paranjoy Guha Thakurta details the salient features of the Undisclosed Foreign Income and Assets (Imposition of Tax) Act, 2015.
Dalhousie square has close to 55 historic landmarks.
It is suspected that some portfolio managers at these banks, which have significant presence in Indian financial markets, could have helped their Indian clients to route their money back into India in disguise of foreign funds through use of investment vehicles across various jurisdictions.
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As many as nine respondents said RBI would hold the repo rate at 8% till March-end, 2015
The former finance minister's only child was arrested at Chennai airport.
Capital adequacy and tighter regulation are just one step forward.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
In the domestic market, the cost is a third but in the international market, we are finding it difficult to price it accordingly.
'With technology advancing rapidly, the need for branches is declining.'
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Policymakers stepped in late Thursday to calm markets.
The central bank says that PSU banks need to generate more internal capital and that the government should cut stake.
Sharp swings likely in equity, forex and bond markets.
Anyone who has specific and definite information on black money can share it with Supreme Court-appointed Special Investigation Team going into the issue that can crack down on those stashing money abroad and at home.
The Supreme Court has not only exposed the BJP government's intentions, it has also questioned the government's credibility, which is a serious blow, says Sheela Bhatt/Rediff.com
Do not declare them under Income Tax.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
Finance Minister Arun Jaitley counter Rahul Gandhi's attack over issues related to the JNU, intolerance, inflation and foreign policy.
Maharashtra and West Bengal lead the way in bank fraud.
Each scam that comes out in the open shows the regulators to be miles behind.
Other London properties, aircraft & offshore accounts are yet to catch the attention of regulators.
On Monday, RBI announced that 26 entities, including Tata Sons, LIC Housing Finance, Aditya Birla Nuvo, Department of Posts, Reliance Capital, L&T Finance and Bajaj Finserv, applied for grant of bank licences.
The Republican aggressively blamed the nation's problems on Clinton yet found himself mostly on the defensive in their first debate as she accused him of racist behaviour and hiding his income.
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The year 2014 was one of the most challenging years for India. For two consecutive years our GDP growth was sub 5 per cent. Employment generation had declined, the revenue buoyancy was low and the country had become investment starved.
India has a double-taxation avoidance pact with Singapore and more than 85 countries.
There's need to address growth, but weak rupee putting pressure on prices.
Pitching for larger opposition unity, six constituents of the erstwhile Janata Parivar on Monday shared dais at a mahadharna slamming the Bharatiya Janata Party's 'divisive' politics and accusing Prime Minister Narendra Modi of telling lies and not fulfilling poll promises on black money.
'By not letting bankrupt banks fail, we have discouraged ordinary folk from taking precautions while choosing their bank or at least when they hear bad news about their bank,'says S Muralidharan, former MD, BNP Paribas.
In the global markets, the US dollar traded lower in early trade after former US Treasury Secretary Larry Summers withdrew himself from the race to be the next Federal Reserve chairman.
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