Friday, May 17, 2019, 3:06 PM
The government has declined to share information on black money cases received from Switzerland, citing confidentiality. Replying to an RTI query, the Finance Ministry said India and Switzerland share information on black money on a case to case basis as per the investigations being carried out. It is an ongoing process, it added.
Thursday, March 28, 2019, 9:23 AM
The Election Commission has told the Supreme Court that it had in 2017 conveyed to the law ministry its opposition to anonymous electoral bonds, but left it to the court to take a final call on its legality. The commission stated this in an affidavit, after the Supreme Court asked it to unequivocally state its stand on the anonymous nature of the bonds.
Friday, March 22, 2019, 7:15 AM
Rajasthan Chief Minister Ashok Gehlot on Wednesday said the Narendra Modi-led NDA government has turned out to be a failure in its five-year term as "economic figures were against it". Stating that Prime Minister Narendra Modi came to power on a huge mandate, Gehlot said Modi should have embraced the opposition and consulted them on all important matters through all-party meets.
Sunday, March 17, 2019, 2:32 PM
India has decided to post Customs intelligence officers in China in its effort to check black money, trade-based money laundering and other financial frauds, officials said Sunday. Two posts of the COIN have been created in Indian Embassy in Beijing and in the Consulate General of India at Guangzhou, they said. The Finance Ministry has begun the process to select officers for the postings.
Friday, February 22, 2019, 6:57 AM
A secret study commissioned by finance ministry concluded in 2014 that between 90 to 97% of unaccounted wealth, or black money, was lying within India and not outside. This report, according to sources, was among the inputs that likely prompted the Modi government to go ahead with its November 2016 decision of invalidating, or 'demonetising', around 85% the currency in circulation.
Thursday, January 17, 2019, 6:35 PM
Supreme Court-appointed forensic auditors have told the court that Amrapali sold posh flats for as low as Re 1 per sq ft but received the remaining amount as black money in cash. The auditors issued notices to 655 such homebuyers. They also found that 23 companies were floated in the names of office boys, peons and drivers to divert homebuyers' money.
Thursday, January 3, 2019, 3:07 PM
Companies have asked the Income Tax Department to soften the benami law that was activated in 2016 to curb the menace of black money and prohibit the holding of properties and assets in someone else's name to escape tax, according to a report. Tax authorities are said to have received pleas from various trade bodies requesting them to amend the law.
Monday, December 24, 2018, 1:03 PM
The Lokayukta Police raided the premises of a forest officer in Madhya Pradesh and found unaccounted assets worth more than Rs 2 crore. The raids were conducted based on a complaint that 61-year-old Sub-Divisional Officer (SDO) RN Saxena had assets disproportionate to his income. Saxena had earned Rs 60 lakh as salary since joining the government job in 1995.
Monday, December 3, 2018, 12:03 PM
The Switzerland government has agreed to share with Indian authorities details of two Indian firms, Geodesic and Aadhi Enterprises, which are facing multiple black money probes in the country. Authorities have also requested for details of three individuals related to Geodesic. The government is expected to share information regarding bank account details and other financial data of the firms.
Sunday, November 25, 2018, 3:19 PM
The Prime Minister's Office has refused to share details on the amount of black money brought back from abroad, citing a provision of the RTI Act that bars disclosure of information that may impede investigation and prosecution of offenders. Its response came on an October-16 order passed by the Central Information Commission, asking the PMO to provide details of black money within 15 days.
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