India News | Edited by Shyam Balasubramanian | Wednesday April 22, 2015
As it struggles to push its land reforms past an aggressive opposition, the Modi government has firmed up a strategy that will turn the rival parties into bystanders when it brings another key legislation, the Black Money bill, for Parliament's appro...
India News | Press Trust of India | Sunday April 19, 2015
Black money holders abroad will get a "few months" of compliance window to disclose their assets after a new stringent black money Bill is passed by Parliament in the session beginning tomorrow, Revenue Secretary has said.
India News | Press Trust of India | Saturday April 18, 2015
Finance Minister Arun Jaitley has sought urgent implementation of common reporting standards on automatic exchange of information globally, asserting that it is the only way to tackle the challenges posed by black money.
Cheat Sheet | Edited by Shyam Balasubramanian | Wednesday April 8, 2015
The Cabinet has amended a bill to regulate the real estate sector, protect home buyers and curb undeclared "black money" in property markets that costs the exchequer thousands of crores in lost taxable income.
Thomson Reuters | Wednesday April 8, 2015
The cabinet has amended a bill to regulate the real estate sector, protect home buyers and curb undeclared "black money" in property markets that costs the exchequer thousands of crores in lost taxable income.
Wednesday April 8, 2015
Prime Minister Narendra Modi's government on Tuesday approved changes to a Bill that seeks to regulate the country's property market, notorious for black money and delayed possessions. The Real Estate (Regulation and Development) Bill, 2013 is aimed ...
India News | Agencies | Friday April 3, 2015
Congress activists today protested with fake cheques as the ruling BJP began a two-day leadership meet in Bengaluru today.
India News | Press Trust of India | Monday March 30, 2015
Batting for a "strong law" regarding political funding, the Election Commission today said use of black money during elections has to be checked as it creates imbalance in a democratic system.
Saturday March 28, 2015
Finance Minister Arun Jaitley on Friday pitched for greater use of "plastic money" and cheques saying that it would discourage use of unaccounted wealth and help in tackling the menace of black money.
Sunday March 22, 2015
Indians having undisclosed property abroad will have to pay tax and penalty on the basis of the current market value of the asset, and not at the purchase price, as per the new black money bill.
India News | Press Trust of India | Thursday March 19, 2015
Asserting that economic progress cannot be a partisan issue, government tonight sought cooperation of the opposition to ensure that India achieves double-digit growth as it (rpt) it contended that "obstructionism" could only provide temporary "sadist...
Cheat Sheet | Reported by Rahul Shrivastava, Edited by Anindita Sanyal | Tuesday March 17, 2015
The cabinet has cleared the black money bill, which proposes to provide muscle to tax authorities in dealing with people stowing illegal wealth abroad, sources told NDTV. The bill is likely to be introduced in the current session of Parliament, they ...
Thursday March 5, 2015
The Union Budget 2015 has set the context for aligning India's tax regime with the global best practices, write Neeru Ahuja.
India News | Written by Noopur Tiwari | Thursday March 5, 2015
As the government promises a new black money bill in the current Parliament session, a former employer of the world's largest private bank, UBS, has told NDTV he can give India valuable information for its black money probe.
India News | Press Trust of India | Tuesday March 3, 2015
Targeting the previous UPA government, Prime Minister Narendra Modi today said it had not formed a Special Investigation Team or SIT on black money because there was an attempt to "save somebody" and rejected suggestions that his dispensation was thr...
Tuesday March 3, 2015
Budget 2015 has set out the tone for long term growth, writes Chaitali Bhatawdekar.
Press Trust of India | Monday March 2, 2015
Jaitley also said a new law to tackle black money will be enacted.
India News | Press Trust of India | Sunday March 1, 2015
Indians holding black money abroad will be given a last chance to disclose their overseas bank accounts or wealth to the government and avoid a jail term.
Indo-Asian News Service | Saturday February 28, 2015
Finance Minister Arun Jaitley today said the government was committed to tracing black money stashed abroad and a comprehensive new law will be framed to track it.
Cheat Sheet | Written by Noopur Tiwari | Tuesday February 24, 2015
Whistleblower Herve Falciani, whose leaked data is the origin of the massive HSBC scandal, says a unique opportunity has opened up for India's black money probe now that Switzerland has launched a criminal inquiry into allegedly money-laundering by E...
World News | Reuters | Monday February 23, 2015
HSBC reported a 17 per cent fall in annual pretax profit and cut its profitability target, saying allegations its Swiss business had helped customers to dodge taxes had brought shame on the bank.
Press Trust of India | Monday February 23, 2015
SIT and other agencies call for making tax evasion a "serious crime"
World News | Agence France-Presse | Monday February 23, 2015
HSBC chief executive Stuart Gulliver, who vowed to reform the scandal-hit bank, kept millions of dollars in a Swiss account, the Guardian newspaper reported on Sunday.
Press Trust of India | Friday February 20, 2015
Stating that the best way to prevent law breaking is to reduce the incentive to do that, Rajan said, "Do not have 99 percent levels of taxation.