scorecardresearch
Friday, March 29, 2024
TopicBlack money

Topic: black money

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.

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.

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.

Minutes prior to demonetisation, RBI had warned PM Modi of no material impact on black money

The RBI board had met just two-and-a-half hours before Prime Minister Narendra Modi announced demonetisation.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.