Black money: Sebi must have monitoring mechanism to study rise of stocks, says SIT

Black money: Sebi must have monitoring mechanism to study rise of stocks, says SIT

Submitting its recommendations on black money in its third report, the SIT said that Sebi India must study P-note misuse for money laundering.

Take steps to unearth domestic black money: Govt to I-T dept

Parliament recently passed the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Bill, 2015, to deal with black money stashed abroad.

Serious operation needed to combat 'black money cancer': SIT

The Special Investigation Team (SIT) on black money on Friday said a "serious operation" of strictly enacting and enforcing anti-tax evasion laws is the only solution for combating and winning over the "cancerous" menace of illegal funds stashed abroad and within the country.

Karachi`s black economy generated Rs 830 mn daily: Report

At least Rs 10 million is paid as extortion on a daily basis in different areas of the city while short-term kidnapping for ransom amounts to Rs 50 million, the Geo News channel reported yesterday.

Karachi's black economy generated Rs 830 mn daily: Report

Criminal gangs in Pakistan's financial capital Karachi generated a staggering Rs 830 million daily in black economy, according to a report.