BLACK MONEY

  • India 3rd on black money list; $440 billion flows out in 10 years 5 days ago

    Washington: As India continues its pursuit of suspected black money stashed abroad, an international think-tank has ranked the country third globally with an estimated $94.76 billion (nearly Rs 6 lakh crore) illicit wealth outflows in 2012. As a result, the cumulative illicit money moving out of the country over a ten-year...
  • Make tax evasion serious crime for black money information: SIT chief 1 week ago

    New Delhi: Tax evasion needs to be made a serious 'criminal offence' to force foreign countries to reveal names and account details of Indians stashing illicit wealth abroad, the Special Investigation Team on black money has said. While adding more teeth to India's pursuit of black money kept abroad, this would...
  • Change laws, put cash curbs to check black money menace: SIT December 12, 2014

    New Delhi: In suggestions with far-reaching implications, the SIT on black money has recommended amendment of laws to provide for confiscation of domestic property of those with illicit assets abroad and making tax evasion of over Rs 50 lakh a 'predicate offence' taking it as a serious crime. ...
  • Rs 4479 crore in Indians' HSBC-list accounts: SIT on black money December 12, 2014

    New Delhi In first major disclosure about money held in Swiss banks, government on Friday said Rs 4,479 crore is held in the accounts owned by Indians, who figured on the HSBC List, and the Income Tax Department has initiated action against 79 of such account holders. Besides, the tax department...
  • UP government suspends ex-engineer Yadav Singh accused of amassing illegal wealth worth crores December 8, 2014

    Noida: The Uttar Pradesh government has suspended Noida Authority Chief engineer Yadav Singh after an income tax raid on his residence unearthed crores in cash and jewellery. After the raids, Singh was relieved of his charge and attached to the personnel department. The state government had asked for a report...
  • Come with proof, not for fishing expedition on black money: Swiss to India December 7, 2014

    Mumbai: As India continues its pursuit of black money allegedly stashed abroad, Switzerland has said it would not entertain any 'fishing expedition' and authorities cannot ask for names of all Indian account holders in Swiss banks without doing their own independent investigations. Switzerland's Ambassador to India Linus von Castelmur also said...
  • Bullet News: Catch the day's top stories December 3, 2014

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • SC asks Centre to ensure completion of Income Tax probe into black money case by March 31 December 3, 2014

    New Delhi: The Supreme Court on Wednesday asked the Centre to ensure that the ongoing Income Tax probe for suspected black money concerning 627 Indians who have accounts in HSBC bank, Geneva, be completed by March next year. The apex court directed the Special Investigation Team (SIT) probing the black...
  • TMC continues to attack Modi government, raise issue of fuel pricing in Parliament December 3, 2014

    New Delhi: The Trinamool Congress on Wednesday continued with its attack on the Narendra Modi government and has targeted the Centre on fuel prices. TMC MPs were protesting outside Parliament holding banners against the price hike. The government has hiked excise duty on petrol by Rs 2.25 per litre and diesel...
  • Live: Rajya Sabha adjourned till 2 PM as opposition MPs create uproar over Niranjan Jyoti's remarks December 3, 2014

    The Trinamool Congress continues to attack the Narendra Modi government. After raising the issue of black money, BJP President Amit Shah's alleged links with the Sahara group, controversial statement by MoS Niranjan Jyoti, the party raised the issue of fuel pricing. The TMC is likely to protest against Niranjan Jyoti's...
  • Bullet News: Catch the day's top stories December 2, 2014

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • Modi government a government of U-turns, says Kamal Nath December 2, 2014

    The Congress is set to corner the government in Parliament for failing to fulfil promises it made during the Lok Sabha election campaign. Congress MP Kamal Nath said, "The Modi government is a government of U-turns. The government has not fulfilled its promise to bring back black money. We will...
  • Rahul Gandhi leads Congress protest outside Parliament against Modi government's 'U-turns' December 2, 2014

    New Delhi: Congress Vice President Rahul Gandhi on Tuesday led the protest against the Bharatiya Janata Party government over 'U-turns' taken by it. MPs held up the booklet 'U-turn Sarkar' outside Parliament highlighting issues of black money, incursion by Chinese troops, ceasefire violations by Pakistan. The 33-page booklet was released on...
  • Crorepati engineer: Time to unearth black money at home? December 1, 2014

    The Income Tax department has recovered diamonds worth Rs 100 crore, 2 kilos of gold and Rs 10 crore in cash from the residence of tainted Noida chief engineer Yadav Singh. ...
  • India @ 9 with Karma Paljor December 1, 2014

    Catch the day's top stories with Karma Paljor on India @ 9. ...
  • Modi government should probe black money stashed in country: KC Tyagi December 1, 2014

    Janata Dal United leader KC Tyagi said the Narendra Modi government should probe black money in the country first. He said, "Instead of getting black money from abroad they should investigate the black money stashed in the country." The remarks came after the Income Tax department recovered diamonds worth Rs...
  • Live: Rajya Sabha discussing Shipping (Amendment) Bill 2013 December 1, 2014

    The second week of the winter session of Parliament is expected to remain stormy as the Congress is set to corner the Narendra Modi government by bringing out a booklet on the U-turns taken by the Bharatiya Janata Party since it came to power. The Trinamool Congress will continue to...
  • Congress to bring out a booklet in Parliament over U-turns taken by BJP since it came to power December 1, 2014

    New Delhi: The second week of the winter session of Parliament is expected to remain stormy as the Congress is set to corner the Narendra Modi government by bringing out a booklet on the U-turns taken by the Bharatiya Janata Party since it came to power. The booklet will narrate the...
  • Noida: I-T raids at Mayawati's aide Yadav Singh's residence, Rs 10 crore in cash recovered November 29, 2014

    New Delhi: Twenty raids and more than 10 crores in cash and jewellery weighing nearly 2 kilograms has been recovered from Mayawati's aide Yadav Singh's residence. Yet, the income tax department is yet to dig out the full details of this man's ill gotten wealth. The investigation so far has...
  • Black money is a poll gimmick, current debate is misplaced, says Deve Gowda November 28, 2014

    New Delhi: The former Prime Minister and MP H D Deve Gowda claims that he was the first Prime Minister who made an honest effort to bring out black money by introducing the voluntary disclosure of income scheme during the United Front regime during 1997. Gowda said that the net...
  • BJP MP Nishikat Dubey alleges threat from Shashi Tharoor over black money November 28, 2014

    New Delhi: In a development which can be a huge embarrassment for Congress MP Shashi Tharoor, Bharatiya Janata Party (BJP) MP from Jharkhand Nishikant Dubey has accused him of threatening him over naming him in black money case. Dubey said, "during black Money debate, I had referred to Tharoor in context...
  • Never talked about bringing black money in 100 days: Centre November 27, 2014

    New Delhi: Government on Thursday insisted in Lok Sabha that it had never claimed that all the black money stashed abroad would be brought back within 100 days even as opposition continued to target it over the issue. Contesting the opposition charge in this regard,...
  • Now black shawls to raise black money issue in Lok Sabha November 27, 2014

    New Delhi: After black umbrellas, it was black shawls that Trinamool Congress members used in Lok Sabha on Thursday to rake up the issue of black money. As soon as the Question Hour commenced, TMC members entered the House draped in black shawls. They raised slogans like 'kala dhan wapas lao'...
  • Live: TMC MPs protest outside Parliament over black money issue November 27, 2014

    The government is likely to continue the discussion on black money issue in Parliament. Finance Minister Arun Jaitley who gave in statement in Rajya Sabha on Wednesday might make a statement in Lok Sabha on Thursday. ...
  • Black money discussion likely to continue in Parliament on Thursday November 27, 2014

    New Delhi: The discussion on black money which began on Wednesday is expected to continue in Lok Sabha on the forth day of the winter session in Parliament on Thursday. After replying in Rajya Sabha on Wednesday, Finance Minister Arun Jaitley is expected to reply in Lok Sabha on Thursday....
  • Bullet News: Catch the day's top stories November 26, 2014

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Palki S Upadhyay November 26, 2014

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • News 360: Modi snubs Sharif at SAARC, says combat cross-border terror November 26, 2014

    Prime Minister Narendra Modi on Wednesday held bilateral talks with all Heads of Government and State attending the 18th SAARC Summit with Pakistan Prime Minister Nawaz Sharif the only conspicuous exemption. Noting that a good neighbourhood is a universal aspiration, Prime Minister Narendra Modi on Wednesday said, "If we are...
  • Jaitley accuses UPA government for stalling black money probe, opposition stages walkout November 26, 2014

    Replying to a debate on black money in the Rajya Sabha, Finance Minister Arun Jaitley on Wednesday said the government will "pro-actively chase" those having black money and will not rest till the last account is identified. ...
  • Jaitley says 250 traced names admitted to having foreign bank accounts November 26, 2014

    Replying to a debate on black money in the Rajya Sabha, Finance Minister Arun Jaitley on Wednesday said the government will "pro-actively chase" those having black money and will not rest till the last account is identified. ...