"Post demonetisation, during November 9, 2016, to January 10, 2017, more than 1,100 searches and surveys were conducted and more than 5,100 notices were issued by the income tax department for verification of suspicious high-value cash deposits," Finance Minister Arun Jaitley said in a written reply in the Lok Sabha on Friday.
Under 'Operation Clean Money', the I-T department had sent SMS and e-mails to 18 lakh people
"The fourth quarter results of GDP data showed a phenomenal 7.7 percent growth rate and has established India firmly as the fastest growing global economy. This trend, according to experts, is likely to continue for the next few years," Jaitley said in a Facebook post.
The agency had received intelligence inputs that a huge amount of "unaccounted" cash is lying at the groups properties at Delhi and Noida.
If the states do not chip in with better governance procedures in the setting up of new businesses, providing electricity connections, enforcing contracts, issuing construction permits or registering property, there is little the Centre can do on its own to quickly move India up the index on ease of doing business, says A K Bhattacharya.
Sitharaman also directed public sector bank heads to clear long pending vigilance cases against their officials for alleged malpractices.
While the leadership of the biggest Opposition party, the Congress, has not reacted, even non-Congress and (now) anti-BJP parties like the Telangana Rashtra Samithi (TRS) have voiced no view on Banerjee's appeal, reports Aditi Phadnis.
Consensus seems a problem before the current session of Parliament ends.
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 SIT found and reported that there was no amount shown in almost 289 HSBC Geneva entries, while 122 of them were repeated twice in the same list.
Delhi Police ask for 45 documents for opening a restaurant, only 19 for a gun: Survey
ED has initiated action against these account holders in Mumbai, Delhi and other cities.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
The Income Tax department has sent a detailed questionnaire to about 50 individuals and entities figuring in the list of those allegedly holding offshore assets in tax havens.
Participating in the debate on the budget, leaders of parties like the Congress, Bahujan Samaj Party, Aam Aadmi Party and Left launched an all-out attack on the BJP government for allegedly selling off the country's assets and PSUs to big industrialists.
The income tax department is asked to keep names of blackmoney holders under wraps.
Banerjee, also the TMC supremo, said in a sarcastic way that personnel of security forces such as the CRPF, BSF, CISF and the Army are present at convoys of every BJP leader visiting West Bengal.
Polling in Vellore was scheduled on April 18.
The states have unanimously pitched for sole administrative powers to carry out assessment, scrutiny and enforcement for entities up to an annual turnover of Rs 1.5 crore.
India has a double-taxation avoidance pact with Singapore and more than 85 countries.
Officials said the agency placed the seven, including the relative of a government official, under arrest on Monday under provisions of the Prevention of Money Laundering Act.
These entities have facilitated illicit transactions worth thousands of crores of rupees over the past 2-3 years
The EC has asked all departments to deploy round-the-clock flying squads, quick-response teams, and high-tech machinery to check money inflow. They are also to examine vehicles passing though check-posts, reports Shrimi Choudhary.
Fatca aims to track all US residents with non-US accounts and US citizens, too.
'It is especially discouraging for young people in the development sector. I've noticed that many of them are actively considering other career options to escape this atmosphere.' Geetanjali Krishna reports.
Launching a scathing attack on Narcotics Control Bureau (NCB) Zonal Director Sameer Wankhede, Maharashtra minister and Nationalist Congress Party leader Nawab Malik on Thursday dubbed the officer as 'bogus' and asserted that once 'proof' against him is out, he can not remain in government service for even one day.
The Enforcement Directorate has questioned Yash Birla, Chairman of Yash Birla Group, in connection with certain overseas financial transactions, officials in the central agency said on Monday.
Tax wing scanning cash deposits between Rs 5-10 lakh
The BJP said it is legal with adequate safeguards and in the interest of national security..
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.
The Supreme Court on Wednesday issued notices to the Centre and the Reserve Bank of India on a petition seeking probe into the alleged money laundering by the trustees of Mumbai's Lilawati Hospital.
The Enforcement Directorate on Wednesday carried out searches at the Pune residence as also the office of Sunil Shinde, the chartered accountant of businessman Hasan Ali Khan, who is facing charges of money laundering and tax evasion.
Court cases, investigations, dwindling sales and fall in market capitalisation could make recovery a tough challenge.
About Rs 2,280 crore (Rs 22.80 billion) unaccounted income being allegedly routed through Private Placement Programme (PPP) has been detected by economic intelligence sleuths.
The average number of procedures for starting a business is seven among South Asian economies, it is 12 for India.
'Efforts to roll out GST from next fiscal'
The government, Jaitley said, is committed to detecting and preventing generation of black money
ED sought his custody for seven days, claiming it had knowledge of unidentified assets which value more than Rs 500 crore and his custodial interrogation was required.
Enforcement Directorate alleged that he was not cooperating and sought his custodial interrogation.
The Special Investigation Team has suggested an upper limit of Rs 15 lakh on cash holding.
