Sunday September 14, 2014
Cracking down on money laundering, the Reserve Bank of India (RBI) has closed down six urban cooperative banks (UCBs) suspected of being used to route illegal money.
India | Press Trust of India | Sunday September 14, 2014
BJP President Amit Shah today said soon after coming to power UPA had abolished an effective anti-terrorism law while the Narendra Modi government among its first tasks set up SIT to bring back black money stashed by Indians abroad.
World | Reuters | Monday September 8, 2014
Over $30 billion in dirty money linked to crime, corruption and tax evasion is flowing out of Brazil each year, double the amount a decade earlier, a study has found.
Sunday August 31, 2014
As India steps up its pressure on Switzerland in its black money pursuit, foreign client funds worth 350 billion Swiss francs (nearly Rs 25 lakh crore) have left Swiss banks in the past six years.
Cheat Sheet | Edited by Abhinav Bhatt (With inputs from Reuters) | Thursday August 28, 2014
Prime Minister Narendra Modi has launched a massive scheme today to provide a bank account to every household to help those who are off the financial grid and vulnerable to black market money lenders.
India | Edited by Deepshikha Ghosh | Wednesday August 20, 2014
The Narendra Modi government today caught a break on the "black money" row as the Supreme Court said it was satisfied with steps taken by a Special Investigation Team to bring back illegal wealth stashed in foreign banks.
Thursday August 14, 2014
India, during the last fiscal, had separately received data on over 24,000 instances of alleged tax evasion and dubious funds which has been detected in foreign shores during the same time.
Wednesday August 6, 2014
The government has created an appropriate legislative framework, besides setting up institutions to deal with illicit funds to unearth black money, Parliament was informed on Tuesday.
Sunday August 3, 2014
As a debate continues on alleged black money stashed by Indians in Swiss banks, India now accounts for nearly 42 per cent of total gold and silver leaving Switzerland shores the largest for any single country.
Thursday July 31, 2014
The government on Wednesday ruled out any tax amnesty scheme to unearth black money saying it goes against honest taxpayers even as it sought to send out a positive signal to investors by promising a re-look at the controversial GAAR shortly.
Blog | IP Bajpai | Thursday July 31, 2014
During all working hours, it's being generated, writes IP Bajpai
Friday July 25, 2014
Committing to bring back black money stashed abroad, Finance Minister Arun Jaitley on Friday said the government is taking action on information received from France as well as tax haven Lichtenstein and sharing it with the Supreme Court.
India | Indo-Asian News Service | Friday July 25, 2014
Finance Minister Arun Jaitley on Friday said Prime Minister Narendra Modi's government was moving fast on bringing back the ill-gotten money stashed away by Indians in tax havens abroad.
Wednesday July 23, 2014
The government on Tuesday said it is effectively using information received from various countries to combat the menace of tax evasion and avoidance.
Monday July 21, 2014
a major development in the fight against black money, the Organisation for Economic Co-operation and Development (OECD) on Monday unveiled a 'single global standard' for automatic exchange of financial account information by various countries includi...
Tuesday July 22, 2014
As government makes effort to bring illicit money stashed abroad, Finance Minister Arun Jaitley on Monday asked the Income Tax Department to focus its effort on unearthing 'quite large' black money within the country as well.
Sunday July 20, 2014
As a debate continues on alleged black money of Indians in Swiss banks, the authorities in Switzerland have come across a significant quantum of fake Indian rupee notes in their country - the third highest for any foreign currency after euro and doll...
India | Press Trust of India | Sunday July 20, 2014
As a debate continues on the alleged black money Indians have stashed in Swiss banks, the authorities in Switzerland have come across a significant quantum of fake Indian rupee notes in their country - the third highest for any foreign currency after...
Sunday July 20, 2014
As India steps up pressure on Switzerland for details of alleged black money stashed there, Swiss authorities have invited Indian officials to Berne to discuss further cooperation in these matters.
Wednesday July 16, 2014
According to official data, the I-T department detected undisclosed income worth Rs 10,791.63 crore in search operations during the just concluded 2013-14 fiscal while it also found unreported income of Rs 90,390.71 crore in survey operations conduct...