Black Money

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

Travels through the Hindi belt: In dry state Bihar, youths resort to bootlegging as unemployment rises at an alarming 19.4%

Much like the state of Gujarat with a prohibition law for decades, Bihar, too, has slipped into clandestine liquor trade with several jobless youths joining in to make money

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underway to recalibrate about 240,000 ATMs to replace Rs 2,000 notes with Rs 500 notes, the high-value notes may not be withdrawn immediately .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.