Black Money News
It’s Raining Pink Money: From temple donations to mangoes, how Indians are getting rid of Rs 2000 notes
The withdrawal of Rs 2000 notes is creating panic. Some are rushing to buy luxury watches and gold; others are donating to temples and spending on mangoes and food delivery
Are Rs 2000 notes being withdrawn because of black money? What happens after 30 September?
Confusion prevails over the RBI’s decision to withdraw Rs 2000 notes. While the 30 September deadline has been set, the currency will continue to be valid even after. Then why do we have to exchange the notes? Is it a crackdown on black money and fake currency?
Did Rana Ayyub siphon off COVID-19 donations? The money laundering case against the journalist
The Enforcement Directorate has filed a chargesheet against Rana Ayyub, alleging that she had collected Rs 2.69 crore for three different causes, including COVID-19 relief, but diverted the funds for personal use
Has PM Modi fired one of his most potent weapons for 2024 election?
Thirst for a public justice over ill-gotten wealth could be a very strong election plank. It will win over the poor and the middle classes
Indians' funds in Swiss banks jump to 14-year high of over Rs 30,500 crore
The money held in Indian customers' savings or deposit accounts rose to a seven-year high of about Rs 4,800 crore, reversing a two-year declining trend
How Budget 2022 will put curbs on ‘Entries’ that help convert black money into white
There are instances of businessmen giving their black money to other people and getting it back as a loan. Called ‘Entries’, this is how black money would get converted into white
Why India inked a tax information pact with Caribbean nation of St Vincent and The Grenadines
There was no such agreement with Saint Vincent and The Grenadines in the past and India was negotiating this agreement for a long time
Three years after demonetisation, Rs 2,000 currency note loses sheen; banks to eject them completely from ATMs in a year
Though the efforts are underway to recalibrate about 240,000 ATMs to replace Rs 2,000 notes with Rs 500 notes, the high-value notes may not be withdrawn immediately .
PSB instructs officials to restrict circulation of Rs 2,000 notes, urges customers not to panic as no curbs on accepting
After issuing the directive to restrict the circulation of Rs 2,000 notes, senior officials of the PSB reportedly called branch managers to confirm that it was being executed immediately.
CBI books 51 entities for transferring Rs 1,038 cr black money to Hong Kong in 2014-15
The CBI has booked 51 entities for allegedly remitting Rs 1,038 crore of black money to Hong Kong during 2014-15, officials said on Monday
Finance ministry declines to share Swiss bank account details of Indians in response to RTI, cites 'confidentiality provisions' of tax treaty
The finance ministry has declined to share Swiss bank account details of Indians saying it is covered under "confidentiality provisions" of a tax treaty signed between India and Switzerland.
Investments through P-notes decline to Rs 69,670 cr at November end; Rs 52,749 cr invested in equities
The use of P-notes has been on a decline since 2017 and slumped to a nine-and-a-half year low of Rs 66,587 crore at the end of October last year.
Cash still rules: Builders continue to ask for money for property purchases in smaller cities, says report
Despite the Income Tax Act introducing some changes for the realty sector to curb generation of black money, builders continue to ask for cash for property purchases.
Electoral bonds: Lack of promised transparency makes channel for political funding vulnerable to unholy politico-corporate nexus
When the Narendra Modi government came to power, one of its biggest promises was to make political funding transparent.
Boosting investments: Govt gives up obsession with round-tripping; need of hour to spur foreign fund inflows, make India manufacturing hub
Investments in the domestic capital market through participatory notes, led by equity allocation, rose to Rs 81,220 crore at the end of April 2019 on hopes of favourable market conditions.
No claimants for about a dozen dormant Swiss bank accounts of Indians; risk getting liquidated
The Swiss government began making details of dormant accounts public in 2015 to allow their claimants submit necessary proof to get access to those funds, which included at least 10 accounts linked to Indians
Demonetisation anniversary: Congress slams Centre's 'Tughlaqi blunder', govt hails 'milestone' in fight against corruption
The Congress on Friday launched a multi-pronged attack on the Narendra Modi government on the third anniversary of its demonetisation move even as voices from within the government lauded the prime minister for waging a war against 'black money'
Demonetisation 3rd anniversary: Banning high-value notes failed to meet objectives, but digitisation may check black money generation
The defenders argued that demonetisation would help digitise the economy and make future black money generation difficult as there would be an audit trail all the time.
Demonetisation anniversary: Rs 2,000 notes being hoarded, says former economic affairs secretary SC Garg
On the third anniversary of demonetisation, former economic affairs secretary SC Garg said the Rs 2,000 note, which the Modi government brought replacing older 500 and 1,000 notes, were being hoarded and should be demonetised
Demonetisation three years on: Were objectives of Narendra Modi's big economic move achieved? Jury is still out
Digital payments that surged during the heady days of demonetisation have proved to be a flash in the pan given the resurgence of cash once they became available in ample quantities.