New law to enable confiscation of benami properties: Sinha
Seeking to curb generation of black money, the government on Tuesday said it will come out with a new law that will provide for confiscation of benami properties and prosecution of offenders.
Apr 28, 2015, 15:46 PM IST
Black money: FIU begins tracking overseas money transfer
Financial Intelligence Unit has begun tapping information on all suspicious cross-border fund transfers made from India to offshore destinations.
Apr 28, 2015, 15:45 PM IST
FM promises reasonable compliance window under black money law
The government had introduced the stringent Bill in the Lok Sabha to deal with the menace of black money stashed abroad.
Apr 06, 2015, 13:12 PM IST
Black money Bill likely to be tabled in Lok Sabha tomorrow
The government is likely to table in the Lok Sabha tomorrow a Bill to make non-disclosure of overseas income and assets a predicate offence that will attract punitive action including upto a 10-year jail term.
Mar 19, 2015, 14:13 PM IST
Posts in black money SIT vacant: Govt
Government on Friday informed Parliament that it has not been able to fill vacant posts in the Special Investigation Team (SIT) on black money even after granting an "extended period" for eligible officials to apply.
Mar 13, 2015, 16:32 PM IST
Black money: SIT writes to ICIJ to obtain data on Indian a/cs
The Special Investigation Team (SIT) on black money has approached ICIJ -- a global collective of investigative journalists -- to obtain the full data on Indians holding bank accounts in HSBC Geneva, which the group made public earlier this week under its 'Swiss Leaks' revelations.
Feb 12, 2015, 21:36 PM IST
Black money: Govt to probe new Indian names in HSBC list, says Jaitley
Jaitley said that the tax department has launched 60 prosecutions from an earlier list of Indian account holders in a Swiss branch of HSBC bank.
Feb 09, 2015, 12:39 PM IST
Need to gather evidence before prosecuting A/c holders: FM on Black money
Finance Minister Arun Jaitley on Monday said that 60 prosecutions on black money have been launched.
Feb 09, 2015, 12:16 PM IST
1,195 Indians holding account in Swiss bank: Report
The government has recently initiated tax evasion prosecution proceedings as part of its crackdown on black money accounts.
Feb 09, 2015, 09:32 AM IST
Swiss banks lose sheen among Indians as secrecy heads for end
Nonetheless, a large number of Indians present here at Davos had scheduled meetings with bankers and top executives of various small and large Swiss banks.
Jan 25, 2015, 14:45 PM IST
Government will take steps on black money after June: Swamy
Explaining why the Centre was going slow, he said that a lot of people, including prominent figures, would be hurt in the process.
Jan 10, 2015, 18:27 PM IST
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.
Dec 16, 2014, 08:59 AM IST
G20 endorses PM Modi's strong pitch for repatriation of black money
In a major gain for India, the G20 summit on Sunday endorsed the need for transparency and disclosure by countries of tax information as Prime Minister Narendra Modi voiced support to the new global standard on automatic exchange to tackle the black money issue.
Nov 16, 2014, 15:18 PM IST
Black money trail: From Swiss Alps to island nations
India is strengthening its bilateral tax information exchange treaties with many such jurisdictions, but a further push might be required for 'technical assistance'.
Nov 16, 2014, 13:29 PM IST
India must lead in global war against black money: Think Tank
Ahead of Prime Minister Narendra Modi`s visit here for the G20 Summit, a leading global coalition against corruption has said India must take the lead in addressing black money, that affects the poor and developing countries the most.
Nov 12, 2014, 10:56 AM IST
Efforts to bring back black money on right track: Modi
In an address to the nation over radio, he said that bringing back black money from outside the country is an "article of faith" for him and nothing will be lacking in his efforts to do so.
Nov 02, 2014, 12:29 PM IST
Black money list: No intention to withhold any name, govt tells SC
In an important revelation, the Centre released eight names against whom it has started prosecution for allegedly stashing black money in foreign banks.
Oct 27, 2014, 02:12 AM IST
Swiss process on for amending tax pacts to comply global norms
Switzerland began consultation process for unilaterally amending bilateral tax treaties to allow exchange of information when there is a request from another country.
Oct 22, 2014, 17:40 PM IST
Black money: A breakthrough has been achieved, says Jaitley
Finance minister Arun Jaitley on Friday said that Switzerland has agreed to share details on account holders in timely manner.
Oct 17, 2014, 18:53 PM IST
Black money: Modi govt toes line of UPA; tells SC it can't disclose names
Expressing reservation on disclosing all information on account holders, the government said that the foreign countries may not give further information and it would also be difficult to get into DTAA with other nations.
Oct 17, 2014, 15:02 PM IST
