BLACK MONEY

  • Subramanian Swamy says black money bill would be ineffective Yesterday

    Mumbai: Coming down heavily on the Undisclosed Foreign Income and Assets (Imposition of Tax) Bill 2015, BJP leader Subramanian Swamy on Friday said it will not help in bringing back the black money and can only assist in collecting the "revenue" from those who have been caught out. "This bill is...
  • Modi government not serious about recovering black money, alleges Ram Jethmalani 4 days ago

    New Delhi: Bharatiya Janata Party (BJP) MP and Indian lawyer Ram Jethmalani on Tuesday said that the Finance Minister Arun Jaitley is not serious about bringing black money back to the country. "I have gone and met the Germans, they said that no effort has been made to take the...
  • Automatic information exchange only way to tackle black money: Arun Jaitley April 18, 2015

    Washington: 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. The problem of offshore tax evasion and flow of illicit money can be addressed only by...
  • News 360: Minor girl recounts her horrifying story of alleged sexual exploitation by Naxals April 17, 2015

    A 13-year-old girl, who was a Maoist child soldier, from Jharkhand has revealed the alleged horrors she and other minor girls suffered at the hands of the ultras. An exclusive interrogation video exposes how Maoists use women and children as human shields. ...
  • India @ 9 with Palki S Upadhyay April 17, 2015

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • UN conference endorses India's concerns over black money April 12, 2015

    Doha: In a major push towards recovering black money stashed in safe havens abroad, a UN conference in Doha on Sunday endorsed India's suggestions on promoting global cooperation in fighting the menace of money laundering, international terrorism and cyber crime. The 13th UN Congress on Crime Prevention and Criminal Justice was...
  • Finance Minister promises reasonable compliance window under black money law April 6, 2015

    New Delhi: Finance Minister Arun Jaitley on Monday promised a "reasonable compliance window" under the new black money law for persons with overseas funds to come clean, even as he asserted that targetting undeclared assets cannot be termed as 'tax terrorism'. Addressing industry representatives at CII annual general meeting, he also...
  • Swiss ups black money vigil as India threatens criminal action April 5, 2015

    Berne/New Delhi: With India and some other nations threatening criminal proceedings over suspected black money in Swiss banks, the European nation has stepped up its supervisory and enforcement efforts to keep away the illicit funds from its banking system. This comes at a time when a number of Swiss institutions have...
  • PM Modi addresses BJP's National Executive meet; defends Land Bill, backs black money probe April 3, 2015

    Bengaluru: Prime Minister Narendra Modi on Friday evening addressed Bharatiya Janata Party's National Executive meet in Bengaluru. The PM in his 45-minute-long speech highlighted achievements of his government during its 10-month rule. Accusing the previous Congress-led UPA regime of not having right intentions, the PM asserted that his government...
  • Bengaluru: Congress workers protest against Modi government over black money April 3, 2015

    Bengaluru: Karnataka Congress workers on Friday staged a massive protest outside the Bharatiya Janata Party(BJP) National Executive venue. They were protesting against the Narendra Modi government over the issue of black money. Congress workers distributed fake cheques of Rs 15 lakh to expose the BJP's promise of bringing back black money. The...
  • Amid intense government pressure, Swiss banks seek fresh undertakings from Indians March 29, 2015

    New Delhi: Seeking to come clean on illicit funds amid intense government pressure, Swiss banks have asked their Indian clients to provide fresh undertakings to ensure that untaxed money is not stashed in their accounts. Swiss banks, long perceived to be safe havens for parking unaccounted funds, have also started asking...
  • Mauritius promises India full-cooperation on tax treaty issues March 25, 2015

    Port Louis/New Delhi: Mauritius has promised full cooperation with India to address outstanding issues relating to their bilateral tax treaty, days after Prime Minister Narendra Modi's visit to the island nation. The much-talked about changes in India-Mauritius Double Taxation Avoidance Agreement (DTAA) have been hanging fire for a long time, despite...
  • Black money law: Foreign property to be taxed at current price March 22, 2015

    New Delhi: 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. However, the tax and penalty would take into account the part-disclosure, if...
  • Black money bill likely to be tabled in Lok Sabha on Friday March 19, 2015

    New Delhi: To check the black money menace, a bill is likely to be tabled in the Lok Sabha on Friday with stringent provisions to prosecute those stashing illicit wealth abroad, with rigorous imprisonment of up to 10 years. The Undisclosed Foreign Income and Assets (Imposition of New Tax) Bill,...
  • Cabinet approves Bill to unearth black money March 17, 2015

    New Delhi: In a bid to unearth black money and illicit assets stashed abroad, the Union Cabinet on Tuesday approved a Bill with stringent provisions for prosecution of such offences with rigorous imprisonment of up to 10 years. "The Cabinet has approved Undisclosed Foreign Income and Assets (Imposition of New Tax)...
  • Jewellers threaten strike over 'black money' tax plan March 17, 2015

    New Delhi: Indian jewellers threatened on Monday to go on strike over a government plan that would require customers to quote their tax code for major purchases as part of a clampdown on the black economy. Jewellers say about 80 per cent of the $122 billion industry's business comes from rural...
  • Delhi Court to record pre-charge evidence against Dabur promoter Burman on March 18 March 16, 2015

    New Delhi: A Delhi court on Monday fixed March 18 for recording pre-charge evidence in an alleged tax evasion case lodged against Dabur promoter Pradip Burman, whose name has cropped up in a black money list submitted by the government to the Supreme Court. Additional Chief Metropolitan Magistrate Devendra Kumar Sharma...
  • Government faces embarrassment in Rajya Sabha; opposition amendment passed March 3, 2015

    New Delhi: Government on Tuesday faced an embarrassment in the Rajya Sabha when an amendment moved by the opposition to the President's Address over corruption and black money was passed. The amendment was moved by CPI(M) members Sitaram Yechury and P Rajeeve and it was passed through Division of Votes after...
  • No definite date to bring back black money: Government March 3, 2015

    New Delhi: Government on Tuesday said that it was not possible to provide a definite timeline on bringing back the black money stashed abroad. "Sustained efforts made to obtain information about Indians having black money stashed abroad have already resulted in levy of taxes and penalty and launching of prosecution...
  • India @ 9 with Anchal Vohra March 1, 2015

    Catch the day's top stories with Anchal Vohra on India @ 9. ...
  • Narendra Modi regime cracks down on black money, will have one time compliance opportunity: sources March 1, 2015

    New Delhi: A day after Finance Minister Arun Jaitley presented his first full-fledged Budget, the Narendra Modi government took the first step towards cracking down on black money. The Centre will soon introduce one time compliance opportunity, said Finance Ministry sources on Sunday. Sources said the government expected huge revenue collection...
  • Budget 2015: India vows tough punishments to bring home 'black money' March 1, 2015

    New Delhi: India said it plans tougher punishments including jail terms of up to 10 years for those who hide undeclared cash outside the country and for the banks and advisers who help them, as it tries to bring back illicit billions stashed abroad. In his Budget address on Saturday, Finance...
  • Highlights of Union Budget 2015 February 28, 2015

    New Delhi: Following are the highlights of the Union Budget 2015-16 presented by Finance Minister Arun Jaitley in Parliament on Saturday: * No change in personal Income Tax * Health Insurance Premium deduction hiked from Rs 15,000 to Rs 25,000; for senior citizens to Rs 30,000 ...
  • Ram Jethmalani meets Anna Hazare to discuss black money issue February 26, 2015

    New Delhi: Noted advocate and former BJP leader Ram Jethmalani met anti corruption crusader Anna Hazare on Wednesday to discuss the issue of black money, which the saffron party had promised to bring back once it came to power. Lashing out at the government, Jethmalani said that the government was not...
  • Anna Hazare returns, targets Modi government's Land Ordinance; Kejriwal to participate on Tuesday February 23, 2015

    New Delhi: Anna Hazare, who shook the previous UPA government four years ago with his anti-corruption crusade, is back in the national capital to take on the BJP government of Prime Minister Narendra Modi for its "pro-rich" development agenda. Attacking Modi government's Land Acquisition, Rehabilitation and Resettlement Bill, Hazare said...
  • Black money: Income Tax department to file 100 more complaints in court February 22, 2015

    New Delhi: The Income Tax department is set to launch over 100 fresh prosecution complaints for "wilful" evasion of taxes against those entities and individuals whose names have figured in the HSBC, Geneva black money bank accounts list. The department, according to sources, is also expected to collect an additional revenue...
  • Black money is cancer; government committed to bring it back: Subramanian Swamy February 19, 2015

    New Delhi: Terming black money as cancer for society, BJP leader Subramanian Swamy on Thursday said the NDA government was committed to bring back to the country the illegally stashed money abroad. "The pace (to bring back black money) is slow. In my opinion, I am not happy with that. But...
  • Automatic information exchange with India latest by 2018: Swiss government February 15, 2015

    Berne/New Delhi: In its fight against black money menace, India will have to wait till 2018 for Switzerland to provide bank account details of Indians under the 'automatic information exchange' framework. Under a global framework, more than 40 jurisdictions including India had agreed to become 'early adopters' of an 'automatic exchange...
  • Black money: Government promises to widen probe February 10, 2015

    The black money net has widened with a new list by the HSBC claiming that nearly 1200 Indians hold accounts in Swiss Banks. The list includes top businessmen and politicians. ...
  • Bullet News: Catch the day's top stories February 9, 2015

    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. ...