Ritu Sarin

Ritu Sarin is Executive Editor (News and Investigation)

Articles By Ritu Sarin

The Shell Game

The unravelling of the India leg of the global off-shore investigation that took the world by storm.

3 years after demonetisation: Security features delayed as Govt and RBI juggle currency printing, demand

Minutes of the last meeting of the Strategic Planning Group of the Currency and Coins Division of the Ministry of Finance, held on June 3, show that printing and bank note paper stock situation continue to be in flux after demonetisation.

Check if EC Ashok Lavasa used influence during Power stint: Govt to PSUs

The confidential communication dated August 29 was issued “with the approval” of the Power Secretary to the chief vigilance officers (CVOs) of the PSUs.

‘Tax chief told me to drop sensitive case, said he was secure after acting against Oppn leader’

This is the key allegation in an unprecedented complaint against the nation’s top tax administrator by Alka Tyagi, who was Chief Commissioner of Income Tax (Unit 2) in Mumbai when she sent her complaint to Finance Minister Sitharaman on June 21.

Break-in reported in sensitive Income-Tax unit in Mumbai

Officials said the break-in was discovered by Income Tax security staff in the morning when they found locked cupboards broken in and ransacked — several files and papers were “lying in disarray” a member of the administration team employed in the building said.

Not just Lavasa’s wife, his sister and son too are under tax dept scanner

The tax department also surveyed the books of accounts of Nourish Organic Foods Ltd, a company in which his son Abir Lavasa is a director and holds 10,000 shares as part of an employee stock option plan last financial year.

Income Tax serves notices to Reliance First Family under Black Money Act

Responding to questions sent by The Indian Express on the notices and the key allegations, a Reliance spokesperson replied: “We deny all the contents of your email including receipt of any such notice.”

Easing of curbs in J&K depends on Pakistan’s behaviour, says NSA

In his first interaction with the media since the August 5 revocation of the special status to J&K under Article 370, Doval also said public order and safety of residents was of greater priority for the government.

Invites gone and withdrawn: No media entry to R N Kao Memorial Lecture

The memorial lecture, to which a select group of journalists covering internal security are invited, is this year being delivered by Home Minister Amit Shah on Tuesday, August 20.

‘Non acceptance’ of coins by several banks, states; FinMin reviews issue

At the high-level meeting, the previous attempts of the RBI which directed all banks to immediately instruct their branches to accept coins of all denominations tendered at their branches were also taken up.

ED searches former Religare promoters, offshore deals under scanner too

ED searched residences of Shivinder Singh and Malvinder Singh, and those of their associates. Mauritius Leaks revelations described as ‘corroborative evidence’.

Mauritius Leaks: Mayo Clinic arm entered into JV with GMR, Apollo for Hyderabad hospital

It was in 2011 that MFMER, described in the data of offshore specialist firm Conyers Dill & Pearman as a not-for-profit corporation, registered Mayo Clinic GBS Mauritius to be wholly owned by Mayo Foundation.

In Mauritius papers, a real estate fund that never took off

Kolte Patil Developers has referred to its partnership with Portman Holdings time to time but not the Fund or its association with Conyers.

Explained: What are the Mauritius Leaks, why are they important?

At the heart of the 18-country collaborative investigation by the International Consortium of Investigative Journalists (ICIJ) and The Indian Express are data from Conyers Dill & Pearman, an offshore specialist law firm with several Fortune 500 companies as clients.

Explained: How tightening of rules in India affected firm at centre of Mauritius leaks

Leaked data show that before countries like India decided to rein in tax treaty benefits to increase their own tax base, bankers and companies like Conyers Dill & Pearman raised red flags over tightening regulations and compliance.

New offshore records reveal several Indian firms tapped Mauritius route to save on taxes

The Double Taxation Avoidance Agreement (DTAA) was signed between India and Mauritius in 1982. Under this, any entity could apply for tax residency and pay zero capital gains tax. This became the principal reason why Mauritius emerged as a top channel for investments being routed into India.

Swiss banks accounts: Indian details to be transferred

Pointing to volume, Swiss office says several dispatches may be needed. According to the two Swiss agencies, India is among 73 countries with whom information on bank accounts will be shared this year — AEOIs were implemented with 36 countries last year.

The sum of all fears

Amar Bhushan, former special secretary of RAW, returns with another set of spy thrillers

False charges to remarks about women: Cloud over sacked senior tax officer Srivastava

The slew of charges, filed on May 23, the day Lok Sabha election results were announced, included making “scandalous” allegations against women Income Tax officers; making a “false facade of inquiries” against top officials of the Central Board of Direct Taxes (CBDT)

Polltime raids in MP: Kamal Nath aides, 11 Congress candidates including Digvijaya under scanner

Questioned on these findings, Madhya Pradesh Chief Minister Kamal Nath told The Indian Express that he had “nothing to do with it.”

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