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India black money

15 Sep 2016

Govt says info under domestic black money scheme confidential

Government on Thursday said information about those who declare their black money under the compliance window, ending September 30, will be kept confidential.

16 Oct 2015

Top 20 Shares: New Names coming up in Black Money Scam

Oriental Bank of Commerce

15 Oct 2015

After BoB, now Oriental Bank of Commerce involved in black money transfer

As per Zee Media sources, OBC transferred Rs 500 crore through its accounts to Hong kong.

29 Mar 2015

Blackmoney: Swiss banks seek fresh undertakings from Indians

The latest development comes at a time when India is aggressively making efforts to bring back illicit money parked by its citizens overseas and Switzerland has also agreed to co-operate on the issue.

01 Mar 2015

Black money holders will have a last chance to disclose assets

Government today disclosed that it will offer a "window" to Indians holding black money in foreign bank accounts to come clean but categorically ruled out any amnesty scheme for them.

22 Feb 2015

Black money: I-T dept to file 100 more complaints in court

The department, according to sources, is also expected to collect an additional revenue to the tune of Rs 3,200 crore after completing final assessments and prosecutions of these cases, as taxes and penalties.

09 Feb 2015

We will verify names first before taking action: SIT

The Special Investigation Team (SIT) Chairman M B Shah on Monday said that they will first verify names from their side and then take any legal action.

09 Feb 2015

Govt, SIT widen black money probe as new HSBC list emerges

The Supreme Court-appointed Special Investigation Team (SIT) today discussed the fresh list and felt that there could be 100 new names in it.

Cross border tax evasion

14 Jan 2015

Switzerland begin talks for framing tax info exchange law

In another step to prevent cross border tax evasion, Switzerland today began consultations for framing a legislation related to sharing tax information automatically with other nations, including India.

19 Dec 2014

Govt taking concrete steps to bring back black money: Naidu

The government is taking "concrete steps" to bring back black money stashed abroad, Union Minister M Venkaiah Naidu said today and asked people to be "patient" for the outcome.

16 Dec 2014

India 3rd on black money list; $440 billion flows out in 10 years

An international think-tank has ranked the country third globally with an estimated USD 94.76 billion (nearly Rs 6 lakh crore) illicit wealth outflows in 2012.

Special Investigation Team

12 Dec 2014

Change laws, put cash curbs to check black money menace: SIT

The SIT said that making tax evasion of Rs 50 lakh or more a 'predicate offence' would allow necessary action under the Prevention of Money Laundering Act (PMLA).

28 Nov 2014

Checks are in place to prevent illicit fund flows: Sinha

To prevent illicit money flows into capital markets, authorities have put in place advanced risk management mechanism and other systems, the government said on Friday.

27 Nov 2014

Never talked about bringing black money in 100 days: Govt

Government on Thursday insisted in Lok Sabha that it had never claimed that all the black money stashed abroad would be brought back within 100 days even as opposition continued to target it over the issue.

21 Nov 2014

Black money can destabilise world peace: PM

Warning that black money can destabilise world peace and harmony, Prime Minister Narendra Modi on Friday asserted that democratic nations have an obligation of collectively fighting this evil as it does not affect any country selectively.

05 Aug 2014

Legislative framework in place to deal with illicit money:Govt

The government has created an appropriate legislative framework, besides setting up institutions to deal with illicit funds to unearth black money, Parliament was informed Tuesday.

22 Jul 2014

I-T Dept should unearth black money at home too: Arun Jaitley

As government makes effort to bring illicit money stashed abroad, Finance Minister Arun Jaitley Monday asked the I-T Department to focus its effort on unearthing 'quite large' black money within the country as well.

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