Money

  • India still hasn't approached many European nations to recover black money: Edmond Allen 18 hours 4 minutes ago

    US-based attorney C Edmond Allen who is seen as a whistle-blower of sorts for the CBI in the black money case claimed that the Indian government needs to approach European nations to recover black money. ...
  • Black Money: Automatic information exchange to help India and Switzerland 2 days ago

    Kolkata: Automatic information exchange would help India and Switzerland to contain stashing of black money in Swiss banks, Ambassador of Switzerland to India and Bhutan Linus Von Castelmur said on Monday. "For the future, I think the solution will be expected on automatic information exchange so that each and every...
  • Delhi metro halted, stolen Rs 1.60 lakh recovered 3 days ago

    New Delhi: Prompt action by CISF personnel in halting a Delhi Metro train helped a businessman get back his stolen Rs 160,000 and in nabbing the culprit, an official said on Sunday An alert was sounded at 3.11 pm on Saturday at the Noida City Centre Metro station on Delhi Metro's...
  • Rupee down 7 paise versus dollar in early trade 1 week ago

    Mumbai: The rupee lost 7 paise to 61.01 against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from importers. Forex dealers attributed the rupee's fall to increased demand for the US currency from importers but dollar's weakness against other units...
  • ED arrests Gautam Khaitan in money laundering probe in VVIP choppers deal case September 23, 2014

    New Delhi: Enforcement Directorate on Tuesday carried out its first arrest in the money laundering probe in the Rs 3,600-crore AgustaWestland chopper deal, taking into custody Gautam Khaitan, an ex-board member of an accused company. The agency, which is trying to track the alleged kickbacks of Rs 360 crore from the...
  • Rupee falls to 1-week low of 60.94 Vs US dollar as stocks drop September 23, 2014

    Mumbai: The Indian rupee on Tuesday depreciated by 12 paise to close at one-week low of 60.94 against the Greenback on month-end dollar demand from importers and steep fall in local equities. At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced lower at 60.93 a dollar from previous close...
  • Rupee ends a paisa down at 60.82 Vs dollar in lacklustre trade September 22, 2014

    Mumbai: In lacklustre trade, the Indian rupee today closed one paisa down at 60.82 against the US dollar on alternate bouts of demand and supply, snapping a fourday rising trend. At the Interbank Foreign Exchange market (Forex), the domestic unit commenced lower at 60.85 a dollar from previous close of 60.81....
  • NASA launches $20,000 Mars challenge September 21, 2014

    Washington: Attention, space enthusiasts! NASA is offering a $20,000 prize to anyone who can come up with a design idea for small science and technology payloads that could also provide the necessary weight to balance spacecraft entering the Martian atmosphere. "NASA is committed to engaging the public, and specifically the maker community...
  • Money laundering: RBI takes action against erring UCBs September 14, 2014

    New Delhi: Cracking down on money laundering, the Reserve Bank of India (RBI) has closed down six Urban Cooperative Banks (UCBs) which were suspected of being used to route illegal money. The central bank has also asked state governments to take stern action against any other erring UCBs after reports emerged...
  • Rupee logs sixweek peak of 60.29 vs US dollar, up 10 paise September 8, 2014

    Mumbai: The Indian rupee on Monday appreciated by ten paise to end at a nearly sixweek high of 60.29 against the Greenback tracking a solid rally in local shares and continued dollar selling by exporters and some banks. Good inflows also helped the rupee even as the widely tracked dollar index...
  • WB: Woman held for faking CM Mamata Banerjee's voice to demand money from 2 TMC leaders September 6, 2014

    Barasat: A woman has been arrested for impersonating West Bengal Chief Minister Mamata Banerjee over phone in North 24Parganas district. Deputy Commissioner (Detective Department) Barrackpore Commisionerate C Sudhakar said Ananya Biswas, a resident of Khardah, was arrested two days ago on a charge of faking Banerjee's voice demanding cash from...
  • Rupee closes at 1month high of 60.39 Vs USD; up 13 paise September 4, 2014

    Mumbai: Rising for the second day, the rupee today closed at onemonth high of 60.36 paise, up 13 paise against the dollar on sustained selling of the US currency by exporters and some banks amid heavy capital inflows. At the Interbank Foreign Exchange (Forex) market, the local currency resumed better at...
  • NSUI activists protest outside Rajnath's residence over delay black money probe September 2, 2014

    New Delhi: Scores of National Students' Union of India (NSUI) activists on Tuesday staged a protest outside the residence of Union Home Minister Rajnath Singh in Delhi over the issue of black money stashed away in foreign banks. Protestors led by NSUI national president Roji M John raised slogans against BJPled...
  • Chit fund scam: Having lost lifelong savings, investors wait in agony for their money August 29, 2014

    Bhubaneswar: It's been more than three years now that over one million depositors in Odisha, mostly poor people, lost their hard earned money in the Rs 20,000 crore chit fund scam. CBI investigation is on and several owners of such fraudulent companies are in jail. But the plight of the...
  • PACL to move Tribunal against Sebi order August 22, 2014

    New Delhi: Facing a Sebi order with charges of running an illicit money pooling scheme worth about Rs 50,000 crore, PACL Ltd on Friday said it will approach the Securities Appellate Tribunal against the directive of the capital markets regulator. "Sebi has unfortunately failed to recognize the submissions of the company...
  • Sebi cracks down on Rs 50,000 crore moneypooling scheme August 22, 2014

    New Delhi: In its biggestever crackdown on a largescale illicit money pooling scheme estimated at nearly Rs 50,000 crore, regulator Sebi on Friday ordered immediate closure of unauthorised collective investment schemes run by PACL Ltd and refund of investors' money within three months. Besides, the capital markets regulator also said it...
  • Black money case: SIT submits first report in Supreme Court August 20, 2014

    New Delhi: The Special Investigation Team (SIT) reviewing the black money case on Wednesday submitted its first report in the Supreme Court. The apex court expressed satisfaction on the steps taken by the panel for bringing back black money stashed away by Indians in foreign banks. The court also permitted the...
  • 2G scam: All accused including Kanimozhi, A Raja, Shahid Balwa get bail August 20, 2014

    New Delhi: A special Central Bureau of Investigation court on Wednesday granted bail to DMK leader Kanimozhi, former Telecom Minister A Rajai n the 2G scamrelated money laundering case. Swan promoter Shahid Balwa, Asif Balwa were also granted bail in the case filed by the Enforcement Directorate. Kanimozhi had sought bail...
  • SIT report on black money pushes for overhaul of tax treaties with different countries: sources August 20, 2014

    New Delhi: The Special Investigation Team report on black money is likely to be submitted to the Supreme Court on Wednesday. Top sources have told CNNIBN that the report has pushed for a major overhaul of tax treaties with different countries. According to sources, the report says that countries like Mauritius...
  • Graft case: ED attaches assets worth over Rs 800 crore of Jagan, others August 19, 2014

    New Delhi: A special antimoney laundering court on Tuesday attached properties worth Rs 863 crore of YSR Congress leader Jagan Mohan Reddy and his associates in connection with its probe into alleged corruption and money laundering in an infrastructure project in Andhra Pradesh. The court's orders came on a notice of...
  • RBI to issue Rs 1,000 banknotes within MG series2005 August 15, 2014

    Mumbai: The Reserve Bank will soon issue Rs 1,000 denomination banknotes with inset letter R in the Mahatma Gandhi Series2005. "The Reserve Bank will shortly issue Rs 1,000 denomination Banknotes incorporating rupee symbol, with 'R' inset letter, in the Mahatma Gandhi Series2005," the RBI said in a notification. The year of printing...
  • Black money: India gets 24,000 pieces of secret foreign data August 10, 2014

    New Delhi: In its effort to unearth black money stashed away abroad, India has received data on over 24,000 instances of alleged tax evasion and dubious funds which has been detected in foreign shores in the last financial year. These cases are now under investigation by the taxman even as the...
  • Syndicate CMD bribery case may come before SIT on black money August 10, 2014

    New Delhi: The case of alleged bribery of Syndicate Bank ChairmancumManaging Director SK Jain may come up for discussion in the meeting of Special Investigation Team on black money, as it is a "classic" case of how proceeds of corruption were transferred through hawala channels. Official sources said cases like the...
  • Prima facie money laundering case made out against Virbhadra: Centre to Delhi HC August 6, 2014

    New Delhi: The Centre on Wednesday told the Delhi High Court that a prima facie case of money laundering appeared to be made out against Himachal Pradesh Chief Minister Virbhadra Singh. A bench headed by Chief Justice G Rohini also asked the Income Tax Department to file before it tax assessment...
  • 2 constables suspended for extortion July 27, 2014

    Two police constables were on Sunday suspended for allegedly trying to extort money from two members of a gang of cheats after arresting them. "According to the complaint, the constables arrested two members of Tatlu gang from Barsana and kept them captive to extort money from them. However, the truth will...
  • Finance Minister Arun Jaitley takes on party MP for questioning if black money can be brought back July 26, 2014

    New Delhi: Finance Minister ArunJaitley on Friday rebuffed his party MP NishikantDubey who had caused an embarrassment to the government by questioning the possibility of black money returning to India in "our lifetime", saying he will not have to wait for long for this. "When my colleague Nishikant Dubey spoke...
  • Government cannot bring back black money in our lifetime: BJP MP July 25, 2014

    New Delhi: A Bharatiya Janata Party MP on Thursday said India will not be able to bring back black money from Switzerland "in our lifetime", in a comment that could be seen as embarrassing for his party's government at the Centre which has declared its commitment to fufil this task. "We...
  • Chasing black money, India gets Swiss invite for discussions July 20, 2014

    New Delhi/Berne: As India steps up pressure on Switzerland for details of alleged black money stashed there, Swiss authorities have invited Indian officials to Berne to discuss further cooperation in these matters. Besides, Switzerland has already transmitted "few positive responses" to India, a spokesperson in Swiss Finance Ministry said, without divulging...
  • India making all efforts to get Swiss bank account holders' list: Jaitley July 18, 2014

    New Delhi: The NDA government on Friday said that it was making all efforts to procure the list of illegal bank account holders in Switzerland and was collecting evidence in this regard. Finance Minister Arun Jaitley also said in Lok Sabha that India was in the process of communication with the...
  • RBI issues draft guidelines for setting up small, payment banks July 17, 2014

    New Delhi: A week after Budget announcement, the Reserve Bank on Thursday issued draft guidelines for setting up of 'local feel' small banks, which will disburse smallticket loans to farmers and businesses. The central bank also issued draft guidelines for setting up of payment banks, which will cater to marginalised sections...