MONEY

  • Heightened vigil to check black money flow during Delhi polls 13 hours 4 minutes ago

    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 3 days ago

    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 3 days ago

    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 6 days ago

    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...
  • Kejriwal stirs controversy, asks voters to take money from Congress, BJP and vote for AAP in Delhi polls January 18, 2015

    New Delhi: Aam Aadmi Party chief Arvind Kejriwal on Sunday stirred a controversy by asking voters to take money from both the Congress and Bharatiya Janata Party but vote for AAP in the Delhi Assembly elections. While addressing people in Uttam Nagar constituency, Kejriwal said, "I appeal to the people of...
  • Delhi elections: I-T Department launches black money complaint centre January 17, 2015

    New Delhi: The Income Tax department has set up a toll-free control room for the general public to alert it about any suspicious movement of "large sums of cash" in the national capital in the run up to the Assembly polls. The investigation wing of the department has set up...
  • Corporate fraud in India rose 45 per cent last 2 years: Study January 14, 2015

    New Delhi: Corporate frauds rose by over 45 per cent in India in the last two years and the lurking risk has been dissuading global companies from investing in India, said a study. Corporate frauds arose out of corruption, money laundering, tax evasion, window dressing, financial reporting fraud and bribery...
  • Punjab: Female teacher booked for strip-searching seven girls in Gurdaspur January 11, 2015

    Gurdaspur: In a shocking incident from Punjab, a female teacher in a government school in Gurdaspur has been booked for strip-searching seven girls. The teacher reportedly strip-searched the students after she suspected them of stealing Rs 500 from her wallet. When the teacher did not find the money on the...
  • Government will take steps on black money after June: Subramanian Swamy January 10, 2015

    Kolkata: The Centre would initiate fresh steps to bring back black money stashed in foreign banks after June 1, BJP leader Subramanian Swamy on Saturday said. "We will do it. There is a saying in Hindi 'Aankh Ki Sharam hai' (Shyness of the eye)," Swamy said. Explaining why the Centre was...
  • Bringing back black money complex issue: Amit Shah January 10, 2015

    New Delhi: Under attack on the black money issue, BJP President Amit Shah on Saturday said government has taken a number of steps and disclosed 700 names to the SIT even though it is a "complex" issue with international treaties coming in the way of acting against offenders. He also attacked...
  • SC allows Sahara group's proposed loan transaction from abroad for raising funds January 9, 2015

    New Delhi: In a relief for Subrata Roy, the Supreme Court on Friday allowed the Sahara Group to go ahead with its proposed loan transaction from abroad for raising funds to ensure release of Subrata Roy from jail. As per court's directions Sahara Group will have to seek permission from Reserve...
  • Rupee rebounds from 13-month lows, surges 29 paise vs US dollar to 63.38 December 30, 2014

    Mumbai: Rising for the first time in five sessions, Indian rupee on Tuesday appreciated by 29 paise to close at 63.38 against the greenback following fresh dollar selling by exporters and foreign fund inflows in domestic debt. At the Interbank Foreign Exchange (Forex) market, the domestic currency resumed lower at...
  • Rupee plunges to over 13-month low of 63.67 against US dollar December 29, 2014

    Mumbai: Extending losses for the fourth straight session, Indian rupee on Monday declined by ten paise to log over 13-month closing low of 63.67 against the Greenback following sustained dollar demand from importers. Firm local equities, fresh capital inflows and some weakness in dollar overseas restricted the rupee fall to...
  • Rupee up 4 paise against dollar in early trade December 26, 2014

    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 December 23, 2014

    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 December 22, 2014

    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 December 21, 2014

    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 December 21, 2014

    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...