Non-reporting of overseas income by employers may be categorised as 'abetment' under the Act.
'The Communist rule in Tripura was exceptional while it lasted for a quarter century in giving good governance.' 'The chief minister himself was the paragon of virtues in his dedication in public life.' 'But all that still didn't add up when the BJP's dream merchants came up with their famous 'development agenda'.' 'One thing that emerges indisputably in the Tripura election results is that needs and aspirations more or less narrow down to one little word -- jobs,' says M K Bhadrakumar.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
The government has to take a call on reducing or retaining the excise rate.
Over the years, pravasis have become a constituency, to be tapped, cultivated, and honoured, or at the very minimum to be listened to, says Ambassador B S Prakash.
The government had in October 2007 set a sale price of $4.20 per million British thermal unit based on the price discovered by RIL from key customers.
A Collection of Services Trade Statistics Act is being thought of.
King Salman and Narendra Modi will find common ground to intensify cooperation against jihadi terrorism, says Tarun Vijay, MP.
Here's how NRIs can protect their overseas earnings from exchange rate risk.
Now candidates can appear for NEET any number of times.
'A change of government will bring about a lot of changes because everything is frozen for the last two years. So, the frozen energies of India will be released.' Swadeshi Jagran Manch convenor Swaminathan Gurumurthy discusses the Modi phenomenon with Shobha Warrier/Rediff.com
Unbanked customers can expect easier access to banking.
India must reckon with the possibility that it will struggle to attract higher overseas investment.
The RBI has created a stunted business model by which payment banks are supposed to shoulder the noble objective of financial inclusion without being able to make much money.
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
In the first tranche, the department will send out letters in 100,000 cases where the money spent is at least Rs 1 crore (Rs 10 million) each a year.
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The rupee on Friday touched an all-time low of 62.03 to a dollar, spooking the equities market and dragging the Sensex down to 18,621.39 in the afternoon.
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Banking as we know it will stand on its head in the next 10 years.
The company and its sister concern, Forever Precious, owe close to Rs 5,500 crore.
Mirach said it has remitted $2.625 million to the Sebi-Sahara Fund.
A leak of 11.5 million tax documents has revealed how the rich and powerful use tax havens to hide their wealth.
How long can Pakistan remain neutral in the Saudi Arabia-led Yemen conflict?
Here's a closer look at the showcause notices issued to Lalit Modi
Raghuram Rajan explains the rationale for his policy stance and other issues.
Education inflation abroad is high and the depreciation of the rupee can also set you back, says Vishal Dhawan
It would be a miracle indeed if we grow at 7/8 per cent a year over the current and next few years, says A V Rajwade
Indians are the biggest non-Arab investors in Dubai's real estate market.
While some are relatively new in this business, Vodafone, which has 1.8 million touch points in the country, has been offering basic banking and payment services through its pre-paid mobile digital semi-closed wallet called M-Pesa since 2012.
Banks to be permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending.
The Raghuram Rajan committee report for evolving a composite development index of states, submitted to the finance ministry today, has a note of dissent from member Shaibal Gupta.
Investigators from the National Investigating Agency have found that the bombs used in the August 25, 2007 Hyderabad blasts that killed 42 people, were prepared in the heart of Mangalore city, and the finances came from a dedicated network in Saudi Arabia. Vicky Nanjappa reports.
Abu Dhabi-based serial entrepreneur BR Shetty walks us through his life and career and shares the imminent lessons he's learned.
'Given the past record, no one will be prosecuted, especially since the beneficiaries comprise the most powerful people in the country. They will pay a fine and be let off.'
With terror and investments high on his agenda for talks with the UAE leadership, Prime Minister Narendra Modi on Sunday began his two-day trip to this strategic Gulf nation with a visit to the historic Sheikh Zayed Grand mosque, the world's third largest.
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.
The limit under the Liberalized Remittance Scheme (that was earlier $200,000 and now brought down to $75,000) is applicable per person per financial year.
The trolls on Twitter, the rumour mongers on WhatsApp and the serial abusers on Facebook are the enemies of social media.
Finance Minister must be hoping that Indians get over gold-addiction.
While the black money declarations may go up further once all the online and manual filings of undisclosed assets filed at the end of the four-month window on September 30 are compiled, the government will get this fiscal nearly Rs 14,700 crore or half of the total taxes due.
