MONEY

  • Subramanian Swamy says black money bill would be ineffective 13 hours 0 minutes ago

    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 3 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 1 week ago

    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 1 week ago

    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 1 week ago

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • Chhattisgarh Police withdraws order to recover money from SPO's family given for his last rites April 15, 2015

    Raipur: The Chhattisgarh Police on Wednesday said they were withdrawing the order of recovering the money given to Special Police Officer Kishore Pandey's family for his last rites in 2011. Pandey was martyred in a Naxal attack in Chhattisgarh and his family was given Rs 10,000 for his last rites....
  • 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...
  • Rupee weakens 15 paise against dollar in early trade April 10, 2015

    Mumbai: The rupee depreciated by 15 paise to 62.39 against the dollar in early trade on Friday on the Interbank Foreign Exchange as the American currency firmed up overseas on upbeat US jobs report. Besides, increased demand for the dollar from importers and a lower opening in the domestic equity market...
  • Rupee ends flat to close at 62.24 against US dollar April 9, 2015

    Mumbai: In restricted trading, the rupee ended steady at 62.24 against dollar due to uneven demand and supply transactions of the American currency from banks. The rupee resumed higher at 62.18 per dollar compared with the last closing level of 62.24 at the Interbank Foreign Exchange (Forex) market and firmed up...
  • Rupee inches up by 2 paise to close at 62.24 against US dollar April 8, 2015

    Mumbai: The rupee ended marginally higher by two paise at 62.24 against the American currency on fresh selling of dollars by banks and exporters due to weakness of greenback in the international market. Sustained foreign capital inflows into equity markets also boosted the rupee against dollar, a forex dealer said. The domestic...
  • 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...
  • Rupee falls 26 paise on fresh dollar demand March 30, 2015

    Mumbai: The rupee on Monday ended lower by 26 paise at 62.67 against the US currency due to renewed month-end demand from importers for the dollar. Fresh capital outflows and dollar gains in overseas markets also weighed on the rupee, while strong rebound in local equities restricted the rupee's fall,...
  • 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...
  • No foreign funding, no money from capitalists: Anna Hazare March 26, 2015

    Ralegan Siddhi: Anti-corruption crusader Anna Hazare, who recently announced a nationwide 'jail bharo andolan' against the NDA government's Land Acquisition Bill, claimed that he has never received foreign funds or money from capitalists for the work he is engaged in. "I want to deny allegations of receiving foreign funds and...
  • Rupee falls 31 paise against dollar in early trade March 26, 2015

    Mumbai: The rupee weakened by 31 paise to 62.64 against the US dollar in early trade on Thursday at the Interbank Foreign Exchange on month-end demand for the American currency from banks and importers. Forex dealers attributed the fall in the rupee to increased demand for the dollar from importers and...
  • 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...
  • Rupee rises by 16 paise to end at 62.81 against US dollar March 16, 2015

    Mumbai: Bucking a fall in stocks, the Indian rupee on Monday gained 16 paise to end at 62.81 against the American currency on fresh selling of dollars by banks and exporters. While the US dollar hit 12-year high against the Euro earlier in the day ahead of Fed policy meet,...
  • Rupee breaches 63-mark against, ends 47 paise down at 62.97 on weak stocks March 13, 2015

    Mumbai: The Indian rupee on Friday breached the the 63-mark intra day against the Greenback and ended with a sharp loss of 47 paise at 62.97 on sustained dollar demand from importers amid weakness in local shares. It crossed the 63-level after two months as it hit a low of...
  • Rupee rebounds 28 paise against US dollar to end at 62.50 on recovery in stocks March 12, 2015

    Mumbai: In step with smart recovery in local equities, the Indian rupee on Thursday rebounded by 28 paise to close at 62.50 against the American currency on fresh dollar selling by exporters. A weak dollar overseas also helped the rupee recover from two-month lows, said forex dealers, adding that IMF...
  • Rupee hits two-month low, down 21 paise against US dollar at 62.76 March 10, 2015

    Mumbai: Tracking weak stocks, the rupee on Tuesday fell 21 paise to end at two-month low of 62.76 against the greenback on sustained dollar demand from importers amid US rate hike concerns. A smart rise in dollar index against its major rivals also put pressure on the rupee. There was...
  • Nagaland Chief Minister TR Zeliang accused of money laundering March 9, 2015

    Nagaland Chief Minister TR Zeliang has been accused of stashing 78 crores black money in foreign accounts. Zeliang who faced a floor test in the first week of February, faces rebellion from within his party which has accused him of money laundering. ...
  • Rupee hits 2-month low, tanks 39 paise against dollar on US rate hike fears March 9, 2015

    Mumbai: The Indian rupee on Monday fell to two-month low and closed with a sharp 39 paise loss at 62.55 against the US dollar after better-than-expected jobs data spurred expectations of an early hike in US interest rates. Fresh dollar demand from importers amid strong cues in overseas markets and...