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Passengers use smartphones at Mumbai Central railway station | Dhiraj Singh/Bloomberg

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.
A queue of people stand outside a bank to exchange old notes in 2016 after the government announced the demonetisation scheme.

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.
Representational image of Indian currency

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.
Black Money

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.
Nirmala Sitharaman addresses a press conference, in New Delhi | PTI

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.
A Swiss national flag hangs in view of the Swiss National Bank (SNB) in Bern, Switzerland

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.
Supreme Court of India | Sonu Mehta/Hindustan Times via Getty Images

SC stays HC order disallowing black money law to operate retrospectively from July 2015

The Delhi HC in its interim order had stayed the Centre's notification to make black money law operational with effect from July 1, 2015.

Supreme Court seeks response from P Chidambaram’s family on Income Tax dept’s plea

The top court has refused to stay the Madras High Court order quashing criminal prosecution against the Chidambarams as requested by the Income Tax dept.

BJP didn’t make Rs 15 lakh promise in 2014 manifesto, says party leader Kalraj Mishra

The former Union minister said the opposition was misleading people, and clarified that BJP said if black money stashed abroad came back, an estimated Rs 15 lakh can be given per family.
Two thousand rupee banknotes (representational image) | Photo: Dhiraj Singh | Bloomberg

Rs 2,000 notes are disappearing, bankers suspect they’re being hoarded for elections

Shortage in Rs 2,000 currency notes possibly due to increased hoarding of high value banknotes, especially with approaching Lok Sabha elections.

On Camera

A file photo of Turkey President Recep Tayyip Erdogan. | Photo: Jeenah Moon/Bloomberg

How France-Turkey’s probable but unlikely conflict has been shaped by Erdogan’s politics

In episode 604 of #CutTheClutter, Shekhar Gupta explains the recent France-Turkey conflict and the deeper implications of this row.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

Tax revenues decline 22% in April-September, at one-fourth of full year target

Tax revenues declined 22 per cent from the year-ago period to Rs 4.58 lakh crore and were at 28 per cent of the full year target of Rs 16.36 lakh crore in the April-September period.

Defence

Army personnel during a parade (representational image) | Photo: Suraj Singh Bisht | ThePrint

Army develops WhatsApp-like app for personnel to dodge risk of communication leaks

The Secure Application for Internet supports secure voice, text and video-calling services for Android platforms over the internet. It is end-to-end encrypted. 
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.