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.
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.
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...
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.
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...
Press Trust of India | Monday February 23, 2015
SIT and other agencies call for making tax evasion a "serious crime"
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.
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...
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'...
Cheat Sheet | Edited by Abhinav Bhatt | Monday February 9, 2015
New names who have been added to a list of Indians with accounts at HSBC in Geneva will be investigated as part of an expansive inquiry into black money, said Finance Minister Arun Jaitley today, though sources caution that some of the accounts could...
India News | Reported by Rahul Shrivastava | Monday February 9, 2015
The Centre has started legal proceedings against 60 people who have allegedly parked black or untaxed money in illegal foreign accounts, sources have told NDTV. The money allegedly kept in these accounts could be more than Rs.1500 crore.