The Rajya Sabha on Wednesday took up the four bills related to the GST, with the Opposition urging the government to insulate taxpayers from harassment and questioning how the new regime was "ideal" when 40 per cent of the revenue base of the GDP was kept out of its purview.
The tax department will analyse mismatches in income declarations and spending patterns to trace tax evasions and black money.
The central probe agency had filed a money laundering case to probe the deal and is carrying out the action to collect evidence under the Prevention of Money Laundering Act (PMLA), officials said.
Besides 15 loan transactions to the Siva group of companies, the former directors also used unique methods to ensure the group did not get into the default list.
The duo was arrested last month by the Narcotics Control Bureau in connection with its drugs probe related to the case of Rajput's death.
N Chandrababu Naidu wanted a judicial probe by a sitting judge into the affairs of Satyam Computer Services, Maytas Infra, Maytas Properties, the 14 companies promoted by Jaganmohan Reddy and also Heritage Foods owned by his (Naidu's) wife and family.
The government is beefing up enforcement against tax cheats in real estate sector, says Panagariya
Devendra Mukhia, an alleged aide of former Jharkhand Chief Minister Madhu Koda, on Monday surrendered before the Income Tax Department in Ranchi, which wants to probe his involvement in the alleged hawala and illegal investments case. Mukhia is among the four persons who had failed to meet the November 6 deadline, set by the IT department, to appear before it for questioning in connection with Rs 2000 crore hawala transactions and illegal investments case.
He said digitisation was aimed at bringing in accountability and added that more cash would bring with it social evils.
A Mumbai court on Wednesday rejected the bail plea of businessman Raj Kundra, arrested in a case of alleged creation of pornographic films and publishing them through apps, after the prosecution contended the police investigation was still on and his release at this juncture will derail the probe.
The sources said the taxman has initiated a country-wide operation to identify suspect bank accounts where huge cash deposits have been made post November 8.
The Supreme Court on Friday dismissed a plea seeking stay on further sale of electoral bonds ahead of assembly elections.
Goswami was arrested on Wednesday morning by Raigad police from his residence at Lower Parel in Mumbai for allegedly abetting the suicide of architect and interior designer Anvay Naik, and was taken to the Alibaug police station in neighbouring Raigad district.
Arun Jaitley declared proposal for a comprehensive law.
In a letter to the Jammu and Kashmir DGP, Abdul Rashid Shora said, "I am under a constant threat of life from my daughter Shehla Rashid Shora who is supported by the elder daughter namely Asma Rashid and my wife namely Zubaida Shora as well as her security guard namely Sakib Ahmad. This threat perception started in 2017 when Shehla jumped all of a sudden into Kashmir politics."
Though the Bills of Punjab and Rajasthan have a lot of similarities, the one approved by the Chhattisgarh Assembly is structurally different. None of the three has tried to address a key demand of the agitating farmers in full, which is to make all payments below the MSP, within and outside mandis, illegal.
'India should start leveraging rather than banning crypto.'
Altogether 169 MLAs vote in favour of the motion of confidence, pro tem Speaker Dilip Walse Patil informed the House.
The Central Bureau of Investigation has closed the case of disproportionate assets against Congress President Sonia Gandhi's aide and former personal secretary Vincent George as it could not get enough evidence.
The ED case has been booked under the Prevention of Money Laundering Act (PMLA) and the agency will record the statement of the accused. The central agency will investigate if proceeds of crime were generated by the accused by laundering of funds that were earned through the alleged gold smuggling racket.
Singh, son of Rajasthan Chief Minister Vasundhara Raje, has been under attack over media reports that his company received Rs 11.63 crore in investments from Modi in 2008.
Financial Intelligence Unit detects over Rs 7,800 cr blackmoney.
The proposed ban on cash transactions above Rs 3 lakh may hit luxury goods, jewellery sales and real estate.
The Central Bureau of Investigation has examined former Uttar Pradesh Minister Babu Singh Kushwaha's wife in connection with alleged swindling of funds in the National Rural Health Mission.
Before the pandemic hit the world and led to shutdowns, the company had received nearly half a dozen offers. But bidders are now withdrawing. They want to reassess the situation. They want to conserve cash and avoid acquisition.
NCP chief Sharad Pawar said that Malik is being troubled because he spoke against the Union government and 'misuse' of central probe agencies.
Companies owned by fugitive diamantaire Mehul Choksi have allegedly siphoned off over Rs 6,344.96 crore from the Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, a CBI investigation into the scam has detected. The findings were submitted by the CBI in a supplementary chargesheet filed before a special court in Mumbai last week, where the agency said the PNB was conned by its employees who were allegedly hand in gloves with Choksi and his company executives and who facilitated the scam as part of a criminal conspiracy. The PNB officials at the bank's Brady House branch in Mumbai issued 165 letters of undertaking (LoUs) and 58 foreign letters of credit (FLCs) during March-April 2017, against which 311 bills were discounted.
UIDAI has asked police to investigate, it was not fully convinced about nature of the incident
Congress has rejected demands for a probe against Robert Vadra, Sonia Gandhi's son-in-law, in the wake of allegation by civil society activists Arvind Kejriwal and Prashant Bhushan that he was favoured by realty major DLF.
Suspected Al Qaeda terrorist Abdur Rahman, who was arrested from Cuttack on December 16, was asked to recruit young boys to work for terror organisations, a senior police official said on Sunday.
Penalties for undisclosed foreign income and assets extend up to 300%.
The leaked list contains the name of Union minister Jayant Sinha, who responded by saying that the transactions were not done for any 'personal purpose'.
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.
The CBI and ED are keeping a close eye on several bank accounts.
A female agent working for the Pakistani intelligence from Mangalore oversees hawala transactions that help pump money to terror outfits. Vicky Nanjappa reports
India is Asia's fourth largest exporter of illicit capital with an estimated outflow of a whopping $104 billion between 2000 and 2008.
United States Secretary of Homeland Security Janet Napolitano arrived in New Delhi on Wednesday on an official visit during which she will jointly launch the US-India Homeland Security dialogue with her Indian counterpart P Chidambaram.
The Directorate, which is probing charges of huge illegal investments and hawala transactions against Koda and his associates, got an approval order from the adjudicating authority under the Prevention of Money Laundering (PMLA) Act in New Delhi.
The Jharkhand high court on Thursday granted bail to former state Chief Minister Madhu Koda, who has been in prison after his arrest over two years in connection with illegal investments and hawala transaction case.
After a lot of stormy talk-session with his party high command, acting Chief Minister of Karnataka B S Yeddyurappa, who stepped down from his post, was eventually done in by the Lokayukta's report on illegal mining. Vicky Nanjappa explains the exact case against the chief minister, which forced the top leadership of the Bharatiya Janata Party to seek his resignation.
