MONEY

  • Narendra Modi regime cracks down on black money, will have one time compliance opportunity: sources 3 hours 5 minutes ago

    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' 5 hours 53 minutes ago

    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 Yesterday

    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 3 days ago

    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...
  • Rupee surges 23 paise to 3-week high of 61.97 vs US dollar 4 days ago

    Mumbai: The rupee extended its gains against the American currency for the second consecutive day, surging 23 paise to end at nearly three-week high at 61.97 on Wednesday on Budget optimism and sustained dollar selling by banks. Good foreign capital inflows also helped the rupee maintain its gains at closing, forex...
  • Union Budget 2015: Government may pursue spending to push economic growth, says Aditya Birla Money 4 days ago

    The annual budget will be presented on 28th February, 2015 and there is an air of expectation which has built up around it. This is Modi government's first full budget and hence a lot of emphasis is going to be placed on the government's flagship promises since 2014 (Swachh Bharat,...
  • Anna Hazare returns, targets Modi government's Land Ordinance; Kejriwal to participate on Tuesday 5 days ago

    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...
  • Budget 2015: Finance Minister may announce important policy plans to combat blackmoney 5 days ago

    New Delhi: Finance Minister Arun Jaitley is likely to announce policy initiatives on some of the key recommendations made by the Special Investigation Team (SIT) on black money to combat the menace of illicit funds, stashed within the country and overseas, when he presents the Budget on February 28. While the...
  • Black money: Income Tax department to file 100 more complaints in court 1 week ago

    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...
  • Swiss prosecutor searches HSBC premises, opens criminal inquiry February 18, 2015

    Zurich: Geneva's public prosecutor searched the premises of HSBC Holdings PLC (HSBA.L) in Geneva on Wednesday and said it had opened a criminal inquiry into allegations of aggravated money laundering. "A search is currently underway in the premises of the bank, led by Attorney General Olivier Jornot and the prosecutor Yves...
  • 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...
  • Rupee gains 26 paise against dollar in early trade February 13, 2015

    Mumbai: The rupee strengthened by 26 paise to 62.05 against the dollar in early trade on Friday at the Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks. Forex dealers said besides selling of the American currency by exporters and banks, a higher opening in domestic...
  • Rupee down 17 paise against dollar in early trade February 12, 2015

    Mumbai: Extending losses for the fourth straight session, the rupee fell by 17 paise to 62.42 against the dollar in early trade on Thursday at the Interbank Foreign Exchange market as the American currency strengthened overseas amid persistent foreign capital outflows. Forex dealers said besides the dollar's gain against other currencies...
  • 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. ...
  • India @ 9 with Zakka Jacob February 9, 2015

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • News 360: Eight people arrested in Rohtak rape-murder case February 9, 2015

    Eight people, including one of Nepali origin, have been arrested in the rape and murder of a mentally-challenged woman in Rohtak. ...
  • Good news soon on black money issue: Prakash Javadekar February 9, 2015

    Bengaluru: Union Minister Prakash Javadekar on Monday said that people are in for good news in days to come as the names of those who have stashed black money in foreign banks will be made public as soon as the court takes up the matter. "Each case is in the...
  • Indians rank 16th on leaked HSBC list; Swiss on top February 9, 2015

    New Delhi: With total funds of $4.1 billion, Indians rank 16th on the new leaked HSBC list of Swiss bank account holders from over 200 countries, while people from Switzerland are on the top. The list, made public by an international body of journalists ICIJ (International Consortium of Investigative Journalists),...
  • Black money trail: Not just names but proof needed to take action, says Finance Minister Arun Jaitley February 9, 2015

    New Delhi: Finance Minister Arun Jaitley said on Monday that the details that have emerged are the ones which the Centre already has with it and added that the question was not about names but evidences that the government needs. Speaking to mediapersons on black money, Jaitley said, "In first phase,...
  • Black money net widens, HSBC list claims 1195 Indians hold accounts in Swiss Banks February 9, 2015

    New Delhi: 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. The list surfaces barely 24 hours after the government started proceedings against 60 people who allegedly have black...
  • Delhi polls: I dare the Centre to arrest me if AAP took hawala money, says Kejriwal February 4, 2015

    PM Modi on Tuesday trained his guns on Arvind Kejriwal, alleging that he had been exposed in the money laundering scandal. Meanhile, even as the government has hinted at an independent probe, Kejriwal has dared the central government to arrest him. ...
  • 'If I were FM, will draft policy to plug in black money generation' February 2, 2015

    Preparations are underway to present the annual budget in Parliament in February. Ahmedabad based IT sales professional Krishna Kumar, a keen observer of Indian politics says, "there is a need to draft a strong policy by which black money generation can be plugged." ...
  • Heightened vigil to check black money flow during Delhi polls February 1, 2015

    New Delhi: Central revenue department officials have raised vigil to check any flow of black money from air and land transit points ahead of the upcoming Assembly elections. Officials of the Directorate of Revenue Intelligence (DRI) and Customs have intensified vigil at the airport here to ensure illegal movement of money,...
  • Rahul Gandhi hits out at PM Modi on black money issue January 29, 2015

    New Delhi: Congress Vice President Rahul Gandhi on Thursday took a jibe at Prime Minister Narendra Modi, saying while he failed to deliver on his much tom-tommed promise of bringing black money back he wore a "suit worth Rs 10 lakh" during US President Barack Obama's visit. Addressing an election rally,...
  • Anna Hazare to launch new agitation against Centre to bring back black money stashed abroad January 29, 2015

    Mumbai: Out in the open yet again, anti-corruption crusader Anna Hazare is preparing to launch a new agitation against the Central government led by Prime Minister Narendra Modi for not implementing the Lokpal Act. "The government is not serious on the issue of corruption. The Lokpal Act has not been...
  • '2016: Obama's America' , 'Obama Anak Menteng': Movies based on Barack Obama's life January 26, 2015

    Like many US Presidents before him President Obama has also been the subject of many movies and documentaries. He has been portrayed by other actors in movies and has many documentaries made about him during his election campaigns and also during his presidency. We line up some examples for you. Bollywood...
  • Sri Lanka to probe hidden foreign assets after Rajapaksa defeat January 22, 2015

    Colombo: Sri Lanka's new government is to investigate "black money" transferred overseas by powerful figures in the administration of former president Mahinda Rajapaksa, a cabinet spokesman said on Thursday. The move came a day after the government of President Maithripala Sirisena, who defeated Rajapaksa in an election on January 8, said...
  • Switzerland promises cooperation to India on tax matters January 22, 2015

    Davos: Switzerland on Wednesday assured India of full cooperation on tax information exchange and agreed to discuss the issue of black money stashed in Swiss banks. This assurance was given during a meeting Finance Minister Arun Jaitley had with his Swiss counterpart Eveline Widmer-Schlumpf on the sidelines of the World Economic...