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Union Finance Minister Arun Jaitley addressing a press conference after a cabinet meeting in New Delhi. (Photo: PTI)

India

India bags 100th position in World Bank's ease of doing business

With Bhutan securing the 75th position in the Ease of Doing Business rankings, India secured 100th position.

31 Oct 2017 8:02 PM IST

Pranab Mukherjee (Photo: Biplab Banerjee)

Opinion

India can be argumentative but not intolerant...'

Demonetisation has immobilised a large amount of cash, a part of which was black money on which no tax was being paid,...

29 Oct 2017 1:01 AM IST

Union Finance Minister Arun Jaitley addressing media after the 22nd meeting of the Goods and Services Tax (GST) Council, in New Delhi. (Photo: PTI)

India

BJP to observe Nov 8 as 'Anti-Black Money Day': Jaitley

Prime Minister Narendra Modi had last year scrapped 1,000 and old 500 rupee notes, in an attempt to tackle black money...

25 Oct 2017 4:26 PM IST

Unusual cash deposits totalling Rs 1.6-1.7 trillion were made during the demonetisation period, says an RBI research paper. Photo: PTI

Business

Govt scrutinising surge in foreign travel-related spending post note...

There was a surge in overseas travel expenditure from USD 36.2 million in November 2015 to USD 246.6 million in...

23 Oct 2017 5:10 PM IST

Business

Centre to set new KYC rules for buying jewellery

This led to jewellers implementing the August 23 order on the line of banks where cash transactions of Rs 50,000 and...

9 Oct 2017 4:21 AM IST

The entire racket was being run with an attempt to convert the black money in old notes into white. (Photo: PTI)

Business

I-T notices to 1.16 lakh for cash deposits of Rs 25 lakh post note ban

I-T officials said number of people prosecuted for violating I-T laws has more than doubled to 609 in April- September...

28 Nov 2017 1:48 PM IST

Prime Minister Narendra Modi asked the people of Jasdan to not let the Congress destroy the composite culture of Gujarat. (Photo: Twitter/ANI)

India

I did sell tea but not the nation: Modi tears into Congress in Gujarat

The Prime Minister, who began his speech in Kutch in Kuttchi language, said Gujaratis will not forgive those attacking...

28 Nov 2017 5:09 AM IST

$The I-T department will launch full-fledged assessment proceedings from January next year against those assessees who have deposited \suspicious\ amounts of money in banks post-demonetisation, but have not filed their income tax returns till now. (Photo: AFP/Representational)$ Business

Black money: Taxmen to launch assessment of defaulters from Jan

CBDT has asked the taxman to finish the process of serving notices to such entities by December 31.

27 Nov 2017 8:53 PM IST

Total funds kept by all foreign clients in the Swiss banking system, as per an analysis of the latest figures compiled by the Swiss National Bank as on 2016-end.

Business

Swiss parliamentary panel nods auto info exchange with India on black...

The proposal will now be submitted for approval from the Council of States, in the winter session.

19 Nov 2017 4:23 PM IST

$The Income Tax Department will soon issue notices to those who have deposited \suspicious\ amounts of money in banks post-demonetisation and have not responded to taxmans preliminary communication. (Photo: PTI)$ Business

CBDT to issue notices to 'suspicious' cash depositors

The people who have filed their returns will be examined against the amounts they have deposited during the period of...

14 Nov 2017 9:10 PM IST

The income tax department and the ministry of corporate affairs (MCA) have signed a pact to regularly share data, including PAN and audit reports of firms. (Representational Image)

Business

Benami assets: I-T department scanning profiles of property registered

The top boss of the I-T department said that till now, the taxman has attached 621 properties.

14 Nov 2017 8:54 PM IST

Goa Chief Minister Manohar Parrikar (Photo: PTI)

India

Rs 100 crore black cash seized from Goa's casinos, says Manohar...

IT raided 36 places and found that Rs 100 cr black money transactions linked with casinos were made.

9 Nov 2017 1:05 AM IST