MONEY

  • Rupee up 4 paise against dollar in early trade 2 days ago

    Mumbai: The rupee strengthened by four paise to 63.47 against the dollar in early trade on Friday at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters and banks. Besides, a higher opening in the domestic equity market supported the rupee but the dollar's gains against...
  • Rupee loses 3 paise against dollar at 63.28 5 days ago

    Mumbai: The Indian rupee on Tuesday lost three paise at 63.28 against the dollar due to sustained capital outflows and fresh demand for the US currency from banks and importers. At the Interbank Foreign Exchange (Forex) Market, the rupee hovered in a range of 63.24 and 63.50 per dollar before...
  • RJD MP Pappu Yadav throws papers at Deputy Speaker in Lok Sabha 5 days ago

    New Delhi: The Lok Sabha on Monday was adjourned as the Rashtriya Janata Dal's MP Pappu Yadav misbehaved with the Deputy Speaker M Thambidurai and threw papers at the chair. The incident happened when the House reassembled at 3 PM after repeated disruptions in the morning session, with the Congress...
  • Will cooperate with ED in drug racket case: Punjab Minister Bikram Singh Majithia 6 days ago

    Chandigarh: Punjab Revenue Minister Bikram Singh Majithia, who has been served summons by the Enforcement Directorate (ED), today assured full cooperation with the agency probing money laundering complaints in the Rs 6,000-crore drug racket case. "...I was not at home when the summons were delivered at my residence and to cooperate...
  • TWTW: Cyrus Broacha takes a dig at the big fat Indian weddings 1 week ago

    On this episode of The Week That Wasn't, Cyrus Broacha takes on all those people who are blowing up all their money on their wedding. Having a big fat wedding is the new trend in India. ...
  • Rupee up 11 paise against dollar in early trade December 19, 2014

    Mumbai: The rupee gained another 11 paise to trade at 63.00 against the dollar in early morning session at the Interbank Foreign Exchange market on increased selling of the US currency by exporters. Forex dealers said besides selling of the American currency by exporters, a higher opening in the domestic stock...
  • Rupee down 34 paise against dollar in early trade December 17, 2014

    Mumbai: Extending its losses for the third straight day, the rupee fell by 34 paise to trade at fresh 13-month low of 63.87 against the dollar in early trade on Wednesday as the US currency strengthened overseas amid increased capital outflows. Forex dealers said besides the dollar's gains against other currencies...
  • India 3rd on black money list; $440 billion flows out in 10 years December 16, 2014

    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...
  • Rupee crashes 65 paise Vs dollar to near 11-month low of 62.94 December 15, 2014

    Mumbai: The rupee on Monday weakened by 65 paise to close at nearly 11-month low of 62.94 against the US dollar due to heavy dollar demand from importers amid falling crude oil prices. A stronger US dollar in global markets ahead of the US Fed's meeting...
  • Bengaluru: Rs 280 crore duped in online money fraud December 14, 2014

    Bengaluru: Approximately Rs 280 crore were duped from the people in Bengaluru in online money fraud. The police are hunting for Dhamodar Reddy, the main accused, and five others have been arrested in the case. The police have registered case of cheating and money circulation against the accused. Additional Commissioner of Police...
  • Make tax evasion serious crime for black money information: SIT chief December 14, 2014

    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...
  • Telangana government launches special drive against illegal financiers December 12, 2014

    Hyderabad: A special drive against the illegal financers has been launched by the South Zone Police to curb or to control unlawful finance business in the society. Under this special drive, 12 cases have been registered by police under Telangana State Money Lending Act and extortion case. It has come...
  • Venezuela finds $3 million stashed in truck shipped in from Miami December 10, 2014

    Caracas: Venezuela has uncovered at least $3 million in cash hidden under the false bottom of a Ford truck that arrived on a Lebanese-flagged ship from Miami. Anti-drug agents discovered the greenbacks after performing an X-ray scan on Sunday at the port of Cabello in the central state of Carabobo, state...
  • Mauritius yet to agree on tax treaty revision: Arun Jaitley December 9, 2014

    New Delhi: The government on Tuesday said Mauritius is yet to agree to certain proposals to the long pending revision of bilateral tax treaty. "India has made certain proposals for revision of DTAC to end round tripping and other aspects. Mauritius is yet to agree to such revision," Finance Minister Arun...
  • 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...