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black money News

Despite CIC order, PMO refuses to share details on black money brought back from abroad

The PMO, replying to an RTI application filed by whistleblower bureaucrat Sanjiv Chaturvedi, said a Special Investigation Team (SIT) has already been formed and its investigation is underway.

$210-million assets: I-T moves court against Winsome owner’s wife

Winsome Diamonds is the country’s second largest wilful defaulter, and owes Rs 4,687 crore to a consortium of banks headed by Standard Chartered Bank.

Money of Indians in Swiss Banks jumps 50% after decline for three years

The latest data from Zurich-based Swiss National Bank (SNB) comes months after a new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace.

Amid govt's 'clampdown' on black money, Indians' money in Swiss banks rise 50 per cent

On Supreme Court's direction, the government had constituted a Special Investigation Team (SIT) to probe cases of alleged black money of Indians, including funds stashed abroad in places like Switzerland.

Express-OCCRP report: Indians who have ties to tax havens are linked to prime real estate in Dubai

According to Indian laws, it is not illegal for Indians to own property in Dubai. As per the Foreign Exchange Management Act of 1999, resident and non-resident Indians are allowed to own immovable properties abroad.

Indians probed by govt agencies are linked to high-end real estate in Dubai

Of the 129,000 entries in the Dubai database from 181 countries, those of Indians form a sizeable chunk with 5,800 linked to properties in top sites such as the Palm Jumeirah, The World, Motor City, Emirates Living, Dubai Marina, Burj Dubai, Old Town Island.

Kolkata: Euros worth Rs 44 lakh stuffed in gourds, 2 held

A customs official said, “310 Euro notes in the denomination of 500 were seized, which amounts to Rs 44 lakh.”

Parliamentary panel to look into black money recovery, performance of public sector banks

The panel on estimates, which is also called the continuous economy committee, suggests changes in policy or administrative framework to bring efficiency in expenditure.

Black money: Swiss parliamentary panel approves automatic information exchange with India

The exchange will work like this -- If an Indian has a bank account in Switzerland, the bank concerned will disclose the financial account data to authorities there; the Swiss authority will automatically forward the information to its peer in India who can then examine the person's details.

On the streets: NCP, Congress protest; BJP lauds ‘fight against black money’

“The GDP has decreased by 2 per cent and 15 lakh people have lost their jobs from January to April this year. The farmers are going through a tough time and the industrial sector is going through one of its worst phases,” said the Congress leader

black money Videos

Demonetisation, a success? Is it still a question: News in Numbers

The shortage of cash, decline in GDP, loss to small businesses and daily-wage workers - was it all worth it if most of the demonetised money is back in the system?

Modi govt. has failed to bring back black money: Congress

New Delhi, Jan 12 (ANI): Reacting on the black money statement of Yoga Guru Baba Ramdev, Congress leader Shobha Oza on Tuesday said the Modi government, which had black money as an important issue in their election manifesto, has now gone silent on the matter. She further said that PM Modi has failed on his promise to bring the black money back. Meanwhile, Bharatiya Janata Party (BJP) leader Sudesh Verma said that necessary steps were being taken by the government on black money and assured that the results would come soon.

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