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Sebi to levy fee on P-Notes, bars speculative issuance

Sebi to levy fee on P-Notes, bars speculative issuance

Markets regulator Sebi on Wednesday tightened P-Note norms by levying a fee of USD 1,000 on each instrument and barred their issuance for speculative purposes to check any misuse for channelising black money.

Now Aadhaar mandatory for opening bank A/c, financial transactions above Rs 50,000

Now Aadhaar mandatory for opening bank A/c, financial transactions above Rs 50,000

All existing account holders have also been asked to submit Aadhaar to banks by December 31, 2017, failing which accounts will become invalid.

DECODED! SC order on law making Aadhaar mandatory for PAN, ITR filing

DECODED! SC order on law making Aadhaar mandatory for PAN, ITR filing

PAN card without Aadhaar number would not be treated invalid till the Constitution bench decides the larger issue of Right to Privacy.

SC upholds law making Aadhaar mandataory for PAN, ITR but exempts those without it for now

SC upholds law making Aadhaar mandataory for PAN, ITR but exempts those without it for now

The Supreme Court on Friday upheld the validity of the law making Aadhaar mandatory for allotment of PAN and filing of Income Tax(IT) returns but exempted those without it for now until the larger privacy issue is decided.

Aadhaar mandatory for PAN cards: SC verdict tomorrow

Aadhaar mandatory for PAN cards: SC verdict tomorrow

The Supreme Court will pronounce its judgement Friday on a batch of petitions challenging the constitutional validity of a provision in the Income Tax Act making Aadhaar mandatory for filing income tax returns and allotment of PAN.

 

Income Tax department warns against cash dealings of Rs 2 lakh, seeks tip-off

Income Tax department warns against cash dealings of Rs 2 lakh, seeks tip-off

Income Tax department on Friday warned people against indulging in cash transaction of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

Sebi to levy fee on P-Note issuance, bar speculative issuance

Sebi to levy fee on P-Note issuance, bar speculative issuance

Markets regulator Sebi on Monday proposed to levy a regulatory fee of USD 1,000 for each P- Note issued by foreign investors and bar issuance of such derivative-based instruments for speculative purposes to check any misuse of these products for channelising black money.

People with black money fear Modi government: Amit Shah

People with black money fear Modi government: Amit Shah

In one year time, Shah added, 99 lakh new PAN cards have been made in the country and this is the highest since Independence.

PM Modi's demonetisation move gave Rs 5 lakh crore advantage to Indian economy: Report

PM Modi's demonetisation move gave Rs 5 lakh crore advantage to Indian economy: Report

PM Modi on November 8 last year had announced demonetisation of Rs 1,000 and Rs 500 notes in a major assault on black money, fake currency and corruption.

Note ban 'successful political coup': French economist Sorman

Note ban 'successful political coup': French economist Sorman

Globally acclaimed French economist Guy Sorman has described demonetisation as a "successful political coup", although it failed to meet the objective of weeding out corruption for which more steps are needed.

Kapil Mishra to approach CBI, CBDT against AAP and Delhi CM Arvind Kejriwal over hawala, black money

Kapil Mishra to approach CBI, CBDT against AAP and Delhi CM Arvind Kejriwal over hawala, black money

In yet another attack against AAP and Arvind Kejriwal, former Delhi minister Kapil Mishra on Monday said that he will approach the CBI and the CBDT to take forward his corruption charges against the Delhi CM.

USD 770 billion black money entered India in 2005-2014: Report

USD 770 billion black money entered India in 2005-2014: Report

An estimated USD 770 billion in black money entered India during 2005-2014, US-based think tank Global Financial Integrity (GFI) has said in its latest report.

Corruption on decline in India; Karnataka ranked most corrupt, Himachal Pradesh least: Survey

Corruption on decline in India; Karnataka ranked most corrupt, Himachal Pradesh least: Survey

The study said that the decline in corruption is significant in case of some public services such as police and judicial services, when compared to 2005 levels.

 

SC to resume hearing on plea against linking Aadhaar with PAN cards on May 2nd

SC to resume hearing on plea against linking Aadhaar with PAN cards on May 2nd

The AG, top law officer representing the Central government, will argue on the issue of Aadhar on the point of Section 139AA, inserted in the Income Tax Act under the Finance Act, 2017.

Note ban has its roots in Ambedkar's economic thinking: UP CM Yogi Adityanath

Attributing demonetisation of higher denomination notes to the "economic thinking" of Babasaheb Ambedkar, Uttar Pradesh Chief Minister Yogi Adityanath today said the Centre displayed "immense political willpower and courage" in demonetising the currency notes of Rs 1,000 and Rs 500.

I-T dept launches 'Operation Clean Money'-II; to probe 60,000 people

I-T dept launches 'Operation Clean Money'-II; to probe 60,000 people

As part of the first phase of the 'Operation Clean Money', launched on January 31 this year.

War on black money cannot be concluded with one action: M Venkaiah Naidu

The war on black money cannot be concluded with one action alone and many more steps will be taken by the Modi government in this regard, Union Minister M Venkaiah Naidu said on Monday, hailing the EC for countermanding the R K Nagar bypoll over use of money power.

2,000 newly-opened SBI accounts post demonetisation under CBI scanner

2,000 newly-opened SBI accounts post demonetisation under CBI scanner

Over 2,000 fresh accounts were opened in a Bareilly branch of State Bank of India post-demonetisation till December 31 to allegedly channelise black money in which at least Rs 8 crore were deposited in old notes, a CBI probe has found.