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Tag: Black Money

FinMin
FinMin Refutes Reports Of Alleged Black Money Held By Indians In Switzerland

The Union Finance Ministry on Saturday said that increase in deposits of Indians in Swiss Banks could be on account of an increase in business of Swiss bank branches located in India and raised Inter-bank transactions, rather than due to an increase in alleged black money held by Indians in Switzerland.

PM Modi Defends Demonitisation: Helped Reduce Black Money
PM Modi Defends Demonitisation: Helped Reduce Black Money

New Delhi: Even as the opposition Congress mounted an attack on the central government on the fourth anniversary of demonetisation, Prime Minister Narendra Modi defended it by saying the measure helped reduce black money. “Demonetisation helped reduce black money, increase tax compliance and formalisation and gave a boost to transparency. These outcomes have been greatly […]

CBI
CBI Books 48 Firms For Transferring Rs 1,038 Cr Black Money To Hong Kong

New Delhi: The Central Bureau of Investigation (CBI) has registered a case against 48 companies, three individuals and some unidentified officials of three public sector banks for transferring Rs 1,038 crore black money to Hong Kong in 2014-15, officials said on Monday. The individuals — identified as Mohammad Ibramsa Johny, Zinta Midhar and Nizamuddin — […]

Aadhar-Card
Speculation Grows On Aadhaar Linkage With Property

New Delhi: Over the last 2-3 years, there has been off and on buzz about an impending decision to link Aadhaar with property and the decibel level around this audacious gambit has just got louder. If the government goes ahead and implements the widely speculated move of linking Aadhaar with property, it will constitute another […]

mamata-banarjee
Replace EVMs with ballot papers, demands Mamata

Kolkata: Trinamool Congress supremo Mamata Banerjee has demanded return of ballot papers in place of Electronic Voting Machines (EVMs) and said electoral reforms are required in the country to save democracy and stop the use of black money during polls. Banerjee, the chief minister of West Bengal, also demanded state funding of elections. “Do not […]

Black money use rampant during elections; Rs 3800 cr cash seized: SIT

Cuttack: The Supreme Court appointed Special Investigation Team (SIT) on black money, which held a meeting in Cuttack on Tuesday, informed that use of black money was rampant during elections and there needs to be a change in law to curb such economic offence. The meeting was chaired by vice-chairman of SIT, Justice Arijit Pasayat […]

SC
SC to hear Centre's plea in black money case on Tuesday

New Delhi: The Centre on Monday moved the Supreme Court challenging a Delhi High Court order, which has ruled that the black money law can’t have a retrospective effect, that is, it cannot be applied prior to April 1, 2016, as fixed by Parliament. Mentioning the matter before a Vacation Bench of Justices Indira Banerjee […]

Arijit-pasayat
SIT to probe seizure of black money from Maoists: Arijit Pasayat

Cuttack: A huge amount black money has been seized from Maoists leaders in different parts of the country, informed Justice Arijit Pasayat, vice-chairman of the Supreme Court-appointed Special Investigation Team (SIT) on black money. A detailed probe will be launched in connection with seizure of the black money from Maoists, said Pasayat after a high-level […]

Taxmen to snoop social networking sites to trace black money

New Delhi: A photo of your shiny new luxury car on Instagram or a costly watch on Facebook may lead the taxman to your door as the tax department from next month will begin amassing virtual information to trace black money. ‘Project Insight’, likely to be launched next month, will use big data analytics to […]

Demonetisation has succeeded in its objectives: Jaitley

New Delhi: Denying that demonetisation failed to achieve its objectives, Finance Minister Arun Jaitley on Wednesday said the measure had succeeded in reducing cash in the economy, increasing digitisation, expanding the tax base, checking black money and in moving towards integrating the informal economy with the formal one. “The objective of demonetisation was that India is […]

Over Rs 3 lakh cr came into system after note ban: Modi

New Delhi: Listing the achievements of the NDA government in curbing black money, including demonetisation, Prime Minister Narendra Modi on Tuesday said that authorities had confiscated black money worth over Rs 1 lakh crore and around Rs 3 lakh crore had been brought into the banking system. “In the last three years, more than Rs […]

Shell-Companies
Notices served to 2,100 shell companies in Odisha

Bhubaneswar: Believed to be a clampdown on laundering vehicles of black money, as many as 2,100 shell companies which exist only on paper are staring at cancellation of their registrations. Similarly, 81 limited liability partnerships have been served show cause notices (copy of a notice has been obtained by OTV) by the Registrar of Companies-cum-Official […]

Guido-Mantega
Brazil's ex-Finance Minister admits to Swiss bank account

Rio de Janeiro: Brazil’s former Finance Minister Guido Mantega has admitted that he owned an undeclared bank account in a Swiss bank with $600,000. Mantega served as Finance Minister from 2006 to 2015, during most of the term of former President Luiz Inacio Lula da Silva and of the first presidential term of impeached President Dilma […]

Rajya Sabha By-poll
BJD demands white paper on demonetisation

Bhubaneswar: BJD, which had supported demonisitisation, today sought a white paper on its impact and asked the Centre to inform the people as to how much black money was seized. “It was told that demonetisation would help bring back black money and end naxal and terrorist activities. The people across the country would like to […]

State Bank of India
SBI branch opened 2,000 accounts to channelise black money

New Delhi: 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. The CBI has now registered an FIR against unknown bank officials […]

tax evasion
Tax evasion worth over Rs 1.37 lakh cr detected

New Delhi: The central government said on Friday that in its attempt to curb domestic black money it has unearthed over Rs 1.37 lakh crore worth of tax evasion in 23,064 searches carried out in the last three years. “The period has witnessed unprecedented enforcement actions in direct and indirect taxes. While 23,064 searches/surveys have […]

SIT meeting
Meeting of SIT on black money begins in Cuttack

Cuttack: The eighth meeting of Special Investigation Team (SIT) on black money, appointed by the Supreme Court, has begun under the chairmanship of Justice Arijit Pasayat at his residence here today. The meeting will bring illegal financial transactions of mafia Dhalasamanta brothers, arrested self-proclaimed godman Sura and Sarathi Baba issues to the table. Besides, review […]

Sarat Chandra Panda DFO
I-T raid on DFO's house, office continues on second day

Bhubaneswar: Income Tax (IT) officials continued their raid at the house and office of Khariar Divisional Forest Officer (DFO) Sarat Chandra Panda on the second day today. Panda is booked under charges of tax evasion. The house of Panda at Gouri Nagar in Bhubaneswar and another house at Anantapur under Soro block in Balasore district […]

Prasad Harichandan
Massive use of black money by BJD, BJP influenced voters: Cong

Bhubaneswar: Making himself accountable to the miserable show of Congress in the three-tier Panchayat polls which was concluded in Odisha today, president of Odisha Pradesh Congress Committee (OPCC) Prasad Harichandan said there are other factors responsible for the dismal performance of his party. “Both BJP and BJP managed to influence the voters through massive use […]

Jan Dhan accounts
Rs 714 cr deposited in Jan Dhan accounts in Odisha post demonetization

Bhubaneswar: In the post demonetization period since November 9, 2016 till January 25, 2017, as much as Rs 714 cr has been deposited in Jan Dhan accounts in Odisha. As per data furnished by Union Finance minister, Arun Jaitley in Parliament, since the launch of Jan Dhan accounts in August 26, 2017, Rs 1960 crore […]

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SIT on black money has submitted 6 reports to Centre: Justice Arijit Pasayat

Cuttack: The vice-chairman of the Special Investigation Team (SIT) on black money, Justice Arijit Pashayat on Monday informed that based on their investigations 6 reports have been submitted to the Centre so far and the last one will be submitted by the end of the year. Pasayat chaired a meeting on black money in presence […]

black-money-350
SIT on black money to meet in Cuttack today

Cuttack: The Special Investigation Team (SIT) will hold a meeting on the issue of black money today to review tax evasion and money laundering cases. The meeting will be chaired by SIT vice-chairman Justice Arijit Pashayat in presence of the director of the Enforcement Directorate (ED). Notably, the SIT has been formed to unearth black […]

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SIT seized Rs 133 cr black money from educational institutions

Black money worth about Rs 133 crore has been seized from different educational institutions across the country, vice chairman of the special investigating team (SIT) on black money formed by the Supreme Court Justice Arijit Pasayat said here today

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SIT meeting on black money today

Cuttack: The Supreme Court appointed Special Investigation Team (SIT) on black money will hold a meeting here today. To be chaired by Vice Chairman of the team Jusitice Arijit Pasayat. the meeting will be attended by senior officials of Enforcement Directorate (ED), Income Tax department, Mines department and Crime Branch. The concerned officials will submit […]

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SIT may probe D-brothers' black money, hints Justice Pasayat

Cuttack: Vice Chairman of the Special Investigation Team (SIT) on Black Money Justice Arijit Pasayat on Wednesday hinted that the black money generated by the Dhalasamant brothers might come under the SIT purview. “Don’t talk about any person. We are after and will be after anyone having black money. We will certainly investigate if we […]