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.
World News | Reuters | Wednesday February 18, 2015
Geneva's public prosecutor searched the premises of HSBC Holdings PLC in Geneva today and said it had opened a criminal inquiry into allegations of aggravated money laundering.
India News | Press Trust of India | Monday February 16, 2015
The Income Tax department is expected to file a complaint against HSBC bank, Geneva, for allegedly "abetting" tax evasion in India by way of unauthorisedly operating accounts of its citizens in its overseas branch.
India News | Written by Noopur Tiwari | Sunday February 15, 2015
Former HSBC employee-turned-whistleblower, Hervé Falciani, whose disclosures caused a global storm this week, has told NDTV that he has signed and returned the proposal India sent to him. The Finance Minister had recently said that the whistlebl...
Opinion | By Herve Falciani, as told to NDTV's Noopur Tiwari | Tuesday February 10, 2015
Herve Falciani, whistle-blower, on his plans to assist India.
World News | Reuters | Monday February 9, 2015
British bank HSBC Holdings Plc (HSBA.L) admitted on Sunday failings by its Swiss subsidiary, in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets.
India News | Indo-Asian News Service | Monday February 9, 2015
The central government has completed assessment of 350 foreign accounts while tax-evasion proceedings have been initiated against 60 account holders as part of its crackdown on black money, Finance Minister Arun Jaitley said today.
India News | Barkha Dutt | Monday February 9, 2015
A new list of Indians with accounts at HSBC in Geneva includes some who have not been investigated so far to determine if they violated tax laws, said sources on the panel of experts that's in charge of identifying and prosecuting citizens who stashe...
India News | Written by Noopur Tiwari | Monday February 9, 2015
As India reacted to the disclosure that there are nearly 1,700 Indians on a list of those who held accounts in 2007 at HSBC's Geneva branch, the whistleblower who unloaded the trove of data told NDTV that he has formally joined the Indian government'...