The Swiss Finance Ministry spokesperson recently confirmed that a meeting is expected in the coming weeks, but did not disclose any further details.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
SIT on black money on Monday decided to widen its probe as new names of Indians with Swiss bank accounts have come up
India and the United Kingdom on Thursday announced deals worth 9 billion Pound (Rs 90,550 crore) as they signed a civilian nuclear pact and decided to collaborate in the field of defence and cyber security besides launching a railway rupee bond in London.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
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.
Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.
'The execution has been 100 per cent faulty.' 'The scheme is also a stupid one, a real Tuglaq Darbar scheme.' 'This way of attacking black money is the most ineffective one.'
In a maiden initiative, the Election Commission has introduced e-filing of affidavits by candidates for the forthcoming Lok Sabha and assembly polls.
Vijay Mallya has lost control of his companies.
A look at few gurus who have attracted controversy in recent times.
In analysing census data from 2007-2011, researchers found that the at-birth sex ratios of Asian Americans are the same as white Americans. Arthur J Pais reports
A common factor that binds all these men is greed.
'Even with the restrictions of depositing more than Rs 2.5 lakh in a bank, people will find new methods to convert this cash hoard into legal tender.'
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
Apart from key bilateral issues, the two leaders also discussed situation in the region, particularly in wake of the increasing threat of terrorism and extremism from various sources including the Islamic State militant group.
Prime Minister Narendra Modi, who recently completed one year in office, has, in an exclusive interview with Smita Prakash, editor, ANI, said the opposition alleging that his government is a "suit boot ki sarkar" is definitely better and more acceptable than being labelled a "suitcase" (ki sarkar), and satirically added, that after ruling for sixty years, the Congress has suddenly remembered the poor.
'The BJP must realise that a resurgent Rahul Gandhi will take the battle straight into its camp.' 'He is not going to be held back by the misdeeds of UPA 1 and 2, so there is no point harping on them,' says Sanjeev Nayyar.
Two organisations tracking tax violations and money laundering worldwide identify totally different sets of countries for lack of financial transparency.
"The RSS is trying to change the nature of India. Other parties haven't tried to capture India's institutions," he said.
'A fierce crusader against communalism, George joined hands with majoritarian forces, never to revisit or re-assess his saffron association.' 'He was a Union minister in 1998-2004, a time when people like Graham Staines were lynched in Orissa.' 'On the Gujarat pogrom of 2002, George went on to kind of justify the slashing of pregnant women, by saying in the Lok Sabha that this was nothing new for India.' 'Thus, he was in sharp contrast to what he had himself stood for in the heyday of his political career in the 1970s and 1980s, says Mohammad Sajjad.
The Delhi High Court on Thursday sought response of the Centre and the Enforcement Directorate on the bail plea of businessman Gautam Khaitan, arrested last month in a money laundering case related to the Rs 3,600-crore VVIP chopper deal.
A look at few gurus who have attracted controversy in recent times.
'Little about this regime, given its vindictive credo, is a complete surprise. But we were still taken aback by the CBI raid as it was a complete abuse of due process.' 'These are not legal inquiries, but abusive use of State power. They are not legitimate investigations, but a witch-hunt.' 'Ours is a typical, classic case of the State and its organs being used as an outlet for motivated vendetta of the vilest kind.'
Communist China has recently developed a great expertise in 'soul reincarnation', feels Claude Arpi
The BJP has 165 first-time MPs. Are we to expect such utterances from all 165 of them? Or only those from a rural background? Because that is the explanation given by the PM, says Jyoti Punwani.
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
Here's the full text of Prime Minister Narendra Modi's address to the nation where he announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight on November 8-9.
'Defaulters like Mallya can't be offloaded, but activists like me are. And that too for raising questions.' 'Today, what is the meaning of development?' 'Take over land, water and forest from the Adivasis and hand it over to corporates.' 'I am surprised how a minister who is supposed to protect the forests and the environment is happy reaching out to investors for more and more clearances.'
Since multilateral trade creates a stable, peaceful world, normalisation of bilateral trade between India and Pakistan will start a series of peace building measures, especially along the bordering areas of both states which is the worst affected from the on-going conflict, say Riya Sinha and Shehzad Poonawalla.
Louisiana Governor Piyush 'Bobby' Jindal may not have been among the top 10 Republican presidential hopefuls at the first GOP primary debate in Cleveland, Ohio. But he sure did make a strong pitch for his candidature, ripping apart President Barack Obama and forcefully putting across his thoughts on contentious issues like immigration and foreign policy.
The 67-year-old hasn't only received a clear-cut mandate for an unprecedented fourth term but also done it on his own. From distributing tickets to planning party campaigns to chalking out strategies for the present and the future, the chief minister had played a stellar role throughout, and emerged successful in his endeavour. Bikash Mohapatra reports
Pilot says that the Congress is demanding that the Rajasthan CM be booked for criminal culpability.
The following is the full text of US President Donald Trump's first address to a joint session of the Congress on February 28, as prepared for delivery and released by the White House press office.
'An America at war with itself, groaning under a mounting debt, with woolly-headed economic policies of a neophyte president who is more feared and suspected among the comity of nations does not augur well for the world.' 'It would be well justified in asking,' says Shreekant Sambrani, '"Is this how you expect to make America great again, Mr President?"'
'The creation of Pakistan was integral to Britain's grand strategy.' 'If they were to ever leave India, Britain's military planners had made it clear that they needed to retain a foothold in the NWFP and Baluchistan because that would provide the means to retain control of Iran, Iraq, Kuwait, the UAE, Bahrain and Qatar.'
Chairman of Manipal Global Education Services says that the government often forgets that its prime duty is to serve the people and not some sick public sector units.
As far as India is concerned, the danger is the potential of the IS to create mischief rather than its actual capability as of now, says Rajiv Kumar
'What if Modi becomes the fascist the leftists paints him as? What if he does suspend the Constitution and declares himself the ruler, with support from the army? What exactly will you do, Mr Leftie?' asks Rajeev Srinivasan.
