Black Money | The Asian Age

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Unlisted companies filing ITR-6 too will have to provide details of investors, their residential status in India, PAN, date of allotment, number of shares held, issue price per share and amount invested.

Directors, investors in unlisted cos cannot file Income Tax returns Sahaj, Sugam

This aimed at tightening the noose on unlisted companies appointing dummy directors and use shell companies for money laundering.

05 Apr 2019 8:13 PM

Arunachal Pradesh Chief Minister Pema Khandu. (Photo: ANI/Twitter)

Row in Arunachal as Rs 1.8 cr seized, Cong targets CM

Congress spokesperson Randeep Surjewala alleged that the vehicles from which the cash was recovered were part of the chief minister’s convoy.

04 Apr 2019 12:21 AM

The control rooms set up in the districts will maintain regular contact with the regional office of the department and whenever required, raids will be conducted.

Rs 1.3 crore seized in Nagaland, Arunachal Pradesh

Special teams of the department have also been deployed in eight airports of the Northeast to check possible transportation of black money by air.

25 Mar 2019 3:23 AM

The RBI board was assured that the government would take mitigating measures to contain the use of cash, it said. (Photo: File)

RBI warned noteban's short-term impact; no effect on black money

The board had met just two-and-a-half hours before PM Modi's announcement of demonetisation to the nation.

11 Mar 2019 4:53 PM

On March 5, Switzerland's Federal Tax Administration (FTA) has decided to grant "administrative assistance to India in respect of Geodesic Ltd and its three directors -- Prashant Sharad Mulekar, Pankajkumar Onkar Srivastava and Kiran Kulkarni, according to the official documents. (Representative Image)

Chandamama magazine owners in dock for money laundering charges

Geodesic Ltd and its three directors are being probed by the authorities for alleged money laundering.

11 Mar 2019 12:11 PM

Quoting an e-mail trail, BJP spokesperson Sambit Patra alleged that Vadra's company received "kickbacks" from a series of companies floated to "turn black money into white". "The 2019 Lok Sabha election is a fight between the gang of corrupt versus transparency of Narendra Modi government," he said. (File Photo)

BJP attacks Congress over Robert Vadra's ED summons in a money laundering case

BJP spokesperson Sambit Patra alleged that Vadra benefited from a petroleum and a defence deal which took place in 2008-09.

06 Feb 2019 2:28 PM

According to a study by US-based think-tank Global Financial Integrity (GFI), an estimated USD 770 billion in black money entered India during 2005-2014.

Can't disclose black money reports as Par Panel examining them: Finance Ministry

Nearly USD 165 bn in illicit money exited the country during the same period, the latest report by the global financial watchdog.

04 Feb 2019 1:40 PM

'Asked for money from RBI but they are not giving. So amount can't be collected. There are some technical issues,' Union Minister Ramdas Athawale said. (Photo: File | ANI)

'Rs 15 lakh in each account will happen but not at once': Ramdas Athawale

Ahead of 2014 LS polls, PM Modi said every poor will get Rs 15 lakhs in their account after black money is brought back.

19 Dec 2018 12:18 PM

Rawat demitted office on Saturday and Sunil Arora took over as the new chief election commissioner on Sunday. (Photo: ANI)

Demonetisation no impact on black money, says OP Rawat

'After note ban it was believed that misuse of money during the elections will be brought down. But it couldn't be proved,' Rawat said.

03 Dec 2018 3:04 PM

Shiv Sena chief Uddhav Thackeray (Photo: PTI)

‘Govt mum on black cash’

Sena alleges that Centre is not keen on giving details.

28 Nov 2018 1:57 AM

Justice (retired) MB Shah, who headed the SIT on black money.

Note ban had impact on black money: Justice Shah

Many economists and experts are not convinced by the arguments for demonetisation, says justice MB shah.

09 Nov 2018 10:10 AM

Leader of Opposition in Rajya Sabha Ghulam Nabi Azad said Prime Minister Narendra Modi government had failed to extradite those who allegedly committed scams and fled with public money. (Photo: File)

PM Modi's foreign trips will not help bring black money back: Congress

Ghulam Nabi Azad said PM Modi government had failed to extradite those who allegedly committed scams and fled with public money.

03 Nov 2018 8:34 PM

Chidambaram takes dig at BJP over rising prices

Congress has also dema-nded that petroleum products should be brought under the ambit of GST to provide relief to the common man.

17 Sep 2018 12:15 AM

Chief Election Commissioner O.P. Rawat (Photo: PTI)

Current laws can’t fight abuse of money in polls: OP Rawat

Rawat said the Commission was working on the effective use of media and curbing use of fake news as well as paid news.

16 Sep 2018 1:02 AM

Rawat, speaking on 'challenges to India electoral democracy' at a symposium, said democracy does not run on whims and it requires traits such as courage, character, integrity and knowledge that are diminishing and are on the 'verge of extinction' in the country. (Photo: File)

Current laws inadequate to tackle black money in polls: OP Rawat

Clean elections are like a 'well spring of legitimacy' for the leadership and the people of the country, OP Rawat said.

15 Sep 2018 5:32 PM

Note ban served its purpose, says Subhash Chandra Garg

When asked to elaborate on the objectives achieved, he said, “I don’t want to give a lecture on that”.

30 Aug 2018 1:48 AM

Prime Minister Narendra Modi on Wednesday vowed not to spare corrupt and black money holders.

Modi says corrupt, black money hoarders will not be spared

Also, nepotism and partisan politics have been eliminated and strict action is being taken against bribery.

15 Aug 2018 11:23 AM

The official figures released by Switzerland’s central bank, the Switzerland National Bank, does not include the money that Indians, NRIs or others might have in Swiss banks in the names of entities from different countries. (Photo: AP)

Relocating black stash: From Swiss banks to Caribbean & other havens

Once tax-evaded money or funds obtained through criminal means gets to havens abroad, there is little that the Indian government can do.

26 Jul 2018 6:06 AM

Replying to an RTI query, it said the study reports of the NIPFP, NCAER and NIFM were received by the government on December 30, 2013, July 18, 2014, and August 21, 2014, respectively. (Photo: PTI)

Finance ministry refuses to share black money reports in reply to RTI query

In reply to an RTI application, finance ministry said the disclosure of information would cause a breach of privilege of the Parliament.

23 Jul 2018 5:11 PM

No claimants for India-linked dormant Swiss bank accounts!

Swiss banks made public a list of accounts lying dormant without any trace of owners.

15 Jul 2018 11:54 AM

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