Money

  • Black money case: SIT submits first report in Supreme Court 18 hours 58 minutes ago

    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 20 hours 43 minutes ago

    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 scam-related 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 Yesterday

    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 CNN-IBN 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 Yesterday

    New Delhi: A special anti-money 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 series-2005 6 days ago

    Mumbai: The Reserve Bank will soon issue Rs 1,000 denomination banknotes with inset letter R in the Mahatma Gandhi Series-2005. "The Reserve Bank will shortly issue Rs 1,000 denomination Banknotes incorporating rupee symbol, with 'R' inset letter, in the Mahatma Gandhi Series-2005," 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 Chairman-cum-Managing 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...
  • 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 small-ticket loans to farmers and businesses. The central bank also issued draft guidelines for setting up of payment banks, which will cater to marginalised sections...
  • Rupee down 11 paise against dollar in early trade July 15, 2014

    Mumbai: The rupee fell by another 11 paise to trade at 60.187 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange market due to renewed demand for the American currency from importers and appreciation of the greenback overseas. Forex dealers said besides dollar's gains against other currencies...
  • No official estimate on black money, says Jaitley July 11, 2014

    New Delhi: Finance Minister Arun Jaitley on Friday said there is no official estimate on black money and a study commissioned by the government to ascertain the amount are yet to be completed. Jaitley also informed the Lok Sabha that "sustained efforts" to obtain information about Indians having black money stashed...
  • All information about black money will be made public: Centre June 30, 2014

    Lucknow: The Centre will put in public domain all information it gets about black money stashed in foreign banks, Union Home Minister Rajnath Singh said on Monday. "The government will put all the information it gets regarding black money in public domain when the time comes. We will take steps keeping...
  • List of Indians with unaccounted money in Swiss banks may be out soon June 29, 2014

    New Delhi: In a step towards bringing back all the black money allegedly stashed away in Swiss banks as promised during the election campaigns, the new government at the Centre on Sunday wrote to the Switzerland government seeking bank details and names of Indians having unaccounted money. The latest request has...
  • Black money probe: India seeks details of secret accounts from Switzerland June 29, 2014

    New Delhi: As the Indian government expands its efforts to combat the menace of black money, it has made a fresh request to Switzerland seeking secret bank details and names of Indians who have unaccounted money in Swiss banks. Earlier this week, the Switzerland said that it was readying a list...
  • Black money: SIT asks agencies to share data on ongoing cases June 29, 2014

    New Delhi: The Special Investigation Team (SIT) on black money has sought details of all major cases of tax evasion and criminal financial fraud being probed by various investigative agencies which are mandated to keep a check on such instances. Sources said that the SIT headed by retired Supreme Court Justice M...
  • Money lender surrenders in murder case June 27, 2014

    A money lender, Satnam Singh alias Goldy, who allegedly shot dead a neighbour following dispute over repayment of loan a week ago, surrendered on Friday. Goldy surrendered before Senior Superintendent of Police, Amol V Homkar, who said a woman was also detained in connection with the case. A licensed double barrel gun...
  • AP House adopts resolution towards creating a graft-free state June 24, 2014

    Hyderabad:The Andhra Pradesh Legislative Assembly today adopted a resolution requesting the Centre to take all possible measures to create a corruption-free India and eradicate the menace of black money. The state government, in the resolution adopted unanimously by the Assembly, promised to take all necessary measures to create a corruption-free AP...
  • India @ 9 with Bhupendra Chaubey June 23, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • Will we ever get to know who are the real beneficiaries of black money stashed abroad? June 23, 2014

    The Reserve Bank of India on Monday directed all banks and financial institutions to provide information and documents sought by the Special Investigation Team (SIT) set up to unearth black money. ...
  • News 360: DU, UGC in open war over 4-year course, admissions deferred June 23, 2014

    There has been an open war between the University Grants Commission and the Delhi University over the 4-year Undergraduate Program offered by the university. The conflict has now hit the admissions process which was scheduled to begin on Tuesday. The Delhi University Principals Association has said that the admissions process...
  • RBI asks banks to give information to SIT on black money June 23, 2014

    Mumbai: The Reserve Bank of India on Monday directed all banks and financial institutions to provide information and documents sought by the Special Investigation Team (SIT) set up to unearth black money. "All the banks and financial institutions (FIs) are advised to ensure that information/documents required by the SIT are made...
  • India to seek expeditious sharing of bank information from Swiss government June 23, 2014

    New Delhi: Seeking to expedite information sharing from the European nation, Finance Minister Arun Jaitley on Monday said the government will write to Switzerland seeking details of Indians having unaccounted money in Swiss banks. The Minister's remark comes a day after a Swiss government official told PTI that names of...
  • Will speak to Swiss Bank on Indians depositing unaccounted money June 23, 2014

    Union Defence Minister Arun Jaitley on Monday said that he would write to the authorities of Swiss Bank and request for expedite process of sharing of information on bank accounts held by Indians. ...
  • ITC shares drag down Sensex to nearly 3-week lows June 23, 2014

    Mumbai: The benchmark Sensex on Monday fell for the fourth straight session and ended about 74 points down at nearly three-week low levels as tobacco shares led by index heavyweight ITC slumped on fears of excise duty hike, amid concerns over rising crude on continued violence in Iraq. Stock markets...
  • Black money probe: India to get Swiss bank details, SIT promises action June 22, 2014

    New Delhi: India's efforts to crackdown on black money stashed abroad today got a major boost with Switzerland readying a list of Indians suspected to have un-taxed money in Swiss banks, while Special Investigation Team constituted by Indian government promised action if any illegality is found. The names of certain...
  • Swiss government prepares list of Indians with suspected black money June 22, 2014

    Zurich: In a major boost to India's fight against black money, Switzerland has prepared a list of Indians suspected to have stashed un-taxed wealth in Swiss banks and the details are being shared with Indian government. The names of these Indian individuals and entities have come under scanner of the Swiss...