Money

  • 2 constables suspended for extortion 2 days ago

    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 4 days ago

    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 4 days ago

    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...
  • Lack of coordination among civic bodies in Bangalore leading to wastage of funds , says CJ Rahul June 15, 2014

    Rahul Dayama turns CJ to highlight the lack of coordination among the civic bodies like BWSSB and BBMP in Bangalore city leading to the criminal wastage of tax payers money. This after he saw a series of road and drainage works being carried out in his city under complete lack...
  • May inflation eases to 8.28 per cent from three-month high of 8.59 pc in April June 12, 2014

    Mumbai:Consumer Price Inflation (CPI) eased to 8.28 percent in May from a three-month high of 8.59 percent in April aided by lower food prices. Meanwhile, the industrial production (IIP) data for April 2014 stood at 3.4 percent versus a CNBC-TV18 poll of 1.6 percent, revealing a pick-up in manufacturing, electricity...
  • Rupee falls for 2nd day, down 9 paise against US dollar to end at 59.29 June 10, 2014

    Mumbai: The rupee on Tuesday fell for the second day and closed nine paise down at 59.29 against the dollar on sustained demand for the US currency from importers. Hesitancy in local equities also weighed on the rupee even as sustained FII inflows worth Rs 680 crore continued to give...
  • Black money SIT decides to solve tax treaties' secrecy puzzle June 8, 2014

    New Delhi: Tasked with the job of recovering illicit wealth stashed away by Indians, the SIT on black money has decided to look into the contentious issue of secrecy clauses in India's tax treaties with Switzerland and other countries. India has signed tax information exchange treaties with many countries, but they...
  • We distrust those who are mean with money: Study June 7, 2014

    London: We distrust people who are mean with their money, according to a new study. In the study, researchers from the University of Oxford and the European University Institute, Italy, asked participants who had no face-to-face contact to play a series of interactive games. They had to make decisions about...
  • Pak MQM chief Altaf Hussain arrested in London June 3, 2014

    London/Karachi: Altaf Hussain, Pakistan's powerful MQM leader, was on Tuesday arrested in London on charges of money laundering. Scotland Yard confirmed that a 60-year-old man had been arrested from a North-West London property on charges of money-laundering, but declined to disclose the exact identity of the individual for "legal reasons". Officers...
  • India @ 9 with Rajdeep Sardesai June 2, 2014

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • SIT will identify target areas for recovery of black money: sources June 2, 2014

    New Delhi: The Special Investigation Team on black money will meet shortly to decide its future course of action after its first meet on Monday. ...