Friday, 20 May, 2022
TopicBlack money

Topic: black money

Imran Khan’s third amnesty scheme will ‘legalise ill-gotten wealth’, say Pakistanis

PM Imran Khan's third amnesty scheme since 2018 will allow Pakistani industrialists to invest in the manufacturing sector and 'turn their black money into white'.

Kalicharan’s Gandhi ‘hate’, raid on Kanpur perfumer, 2022 polls — what made Pg 1 of Urdu press

ThePrint’s round-up of how the Urdu media covered various news events through the week, and the editorial positions some of them took.

Pegasus committee must succeed, unlike other judge-led panels—black money to air pollution

The task Justice Raveendran Committee has to discharge would make others shrink at the prospect. But most people are not Justice Raveendran.

Pandora Papers show stringent laws alone won’t deter rich Indians engaged in financial jugglery

The Modi govt will have to come up with out-of-the box ideas such as drastic reduction in income tax slabs to stop capital flight.

Modi’s demonetisation will be of use during the coronavirus lockdown

Modi govt's overnight, ill-conceived, egotistic decision that left lakhs of people jobless and paralysed India’s informal economy 3 yrs ago may just give some returns.

Deposits after demonetisation rose by Rs 6 trillion and yet bank credit fell, study shows

Canada-based economics professor's study finds that on the cost side, there is strong evidence that demonetisation reduced employment, especially in informal sector.

Illegal cash transactions are on the rise, despite Modi govt’s anti-black money laws

Income tax department tells Parliament it has unearthed 1,421 cases worth Rs 2,101 crore in FY2019-20 so far, up from 1,110 cases involving Rs 1,015 crore for 2018-19.

Centre receives first tranche of Swiss bank account details of Indian nationals

The information, provided under the new automatic information exchange pact, includes details of currently active accounts as well as those closed in 2018.

Modi govt looks to catch NRI tax evaders with retrospective change in Black Money Act

Changes proposed target individuals who were Indian residents while acquiring their undisclosed property overseas and earning unaccounted income.

Why all funds deposited by Indians in Swiss banks are not black money

As India has ranked 74th in terms of money stashed by its residents in Swiss banks, ThePrint takes a look at the different legitimate ways of transferring funds overseas.

On Camera

YourTurn

Representational Photo | A protest for Kashmiri Hindus | ANI file

Modi govt’s rehabilitation of Kashmiri Pandits fell flat. They’re strangers in their own land

There exists a disconnect between Kashmiri Pandits and the govt. Call it incompetency or ignorance, but in Kashmir, the grim realities don’t reach the top.
PT Pertamina Balongan refinery in Indramayu, Indonesia | Representational image | Bloomberg

Asian refiners to ramp up gasoline exports to US as sky-high prices beckon

In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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