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CVC to monitor govt employees' banking transactions above Rs 10 lakh to check corruption

The Central Vigilance Commission (CVC) has stepped up its examination of suspicious banking transactions by government employees to check corruption.

Over 3.53 lakh cases of fake currencies detected by Indian banks is highest in 8 years: Report

FIU, during 2014-15, also received a total of 58,646 suspicious transaction reports from all types of banks, financial institutions like insurance companies

TMS To Provide Minute-By-Minute Arrival Update To Commuters

Rajeev Jyoti, MD - Bombardier Transportation India speaks about the company's strategy to install a TMS for the Mumbai Suburban Central Railway.

CPM jumps into Panama papers political slugfest, says Modi govt only scratching the surface on tax evasion

CPI(M) on Friday demanded "blanket prohibition" on Indians acquiring shell companies, claiming the NDA Government will "only scratch surface" by its proposed action in Panama papers case and is "unwilling" to touch structure of tax havens and generation of black money.

Panama papers: Multi-agency team to investigate 'illegal' money in foreign accounts

With 500 Indians being named in leaked 'Panama Papers' for alleged offshore holdings, government on Monday formed a multi-agency group to monitor exposes in this regard and vowed to take action against all "unlawful" accounts held abroad.

Black Money Probe: Over 1,000 entities under scanner, says Sebi

Government renegotiating tax treaties to curb black money flow

To check illicit financial flows across borders, the government is renegotiating bilateral treaties with many countries to limit tax benefits to genuine investments and curb the routing of Indian money to safe havens, a senior Finance Ministry official said today.<br />

Hunting Black Money: Parliamentary panel for coordinated action by agencies

Active coordination among various agencies like RBI, SFIO, CBI and ED should be facilitated under Finance Ministry to deal with the menace of black money, a parliamentary panel said today.

HSBC black money list: Tax officials probing 79 a/cs with Rs 4,479 cr

In first major disclosure about money held in Swiss banks, government today said Rs 4,479 crore is held in the accounts owned by Indians, who figured on the HSBC List, and the Income Tax Department has initiated action against 79 of such account holders.

National database on black money soon

The Special Investigation Team (SIT) on black money has decided to create a rich national database where multiple agencies probing tax and financial crimes will pool in vital classified information to be shared for seamless investigation.