Undeclared Currency

Nazir Khan was about to take a flight to Kuala Lampur around midnight when he was nabbed at the airport.

Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.

Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...

BJP ally and Andhra Pradesh Chief Minister N Chandrababu Naidu, an early supporter of Prime Minister Narendra Modi's ban on 500- and 1,000-rupee notes to unearth black or undeclared money, now says he is worried that there is no end in sight to the crisis brought about by the massive cash crunch that has followed.

Rahul Gandhi and 25 other opposition leaders from 16 parties met President Pranab Mukherjee this evening to complain against the manner in which the government has pushed in parliament a new proposal to tax black or undeclared money.

The government's clarification on whether new tax rules for undeclared wealth will apply to gold and other jewellery today drew the spotlight on a 26-year-old rule that draws a distinction between "married and unmarried women" when it comes to how much gold one can get away with.

The government has said that it is sticking by the end-of-the-year deadline for depositing the 500 and 1,000-rupee notes that were banned earlier this month. The outlawed notes must be submitted to bank branches before they close on December 30. Those who have black money have a new chance to make the disclosure and hold onto 50% of the amount. The...

The government's new proposal on how to tax black or undeclared money was cleared today by the Lok Sabha, where the government is in a majority. The bill must now be approved by the Rajya Sabha within 14 days. If not, it automatically becomes the law. The legislation has been introduced as the next step in the huge initiative launched earlier this ...

For those who say that the new Rs 2,000 note will fail at making it harder to hoard black or undeclared money, economist Bibek Debroy has a simple answer: "Don't assume the government of India is stupid."

Decoys planted by the Income Tax department will be watching out at jewellery shops and banks for anyone trying to get multiple people to exchange their Rs 500 and Rs 1,000 notes, banned last week in Prime Minister Narendra Modi's unexpected move against undeclared wealth.

The poor are sleeping peacefully and the rich need sleeping pills - Prime Minister Narendra Modi was attacked by the opposition today as he repeated these comments in Uttar Pradesh while defending his decision to suddenly take the two biggest currency notes out of circulation to crack down on black or undeclared wealth.

The RBI and the government have been trying to assuage public anger after Prime Minister Narendra Modi abruptly decided to withdraw large denomination notes in an attempt to uncover many billions of dollars in undeclared wealth.

The RBI announcement attempting to assure the public comes as anger intensified in the country on Sunday with banks struggling to dispense money following the government's decision to withdraw large denomination notes in an attempt to uncover many billions of dollars in undeclared wealth.

Indians are inventing ingenious ways to try and hide their money from the tax inspector as the government attempts to flush out vast undeclared wealth by abolishing high denomination bank notes.

Fake currency on Sunday, saffron smuggling on Monday, and undeclared foreign money on Wednesday: Mumbai Customs can be said to be a very busy department of late. As if celebrities waltzing in with undeclared jewels weren't enough, customs officials, in another breakthrough, arrested a Senegalese woman with undeclared currency in her possession on ...

Nazir Khan was about to take a flight to Kuala Lampur around midnight when he was nabbed at the airport.

Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.

Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...

BJP ally and Andhra Pradesh Chief Minister N Chandrababu Naidu, an early supporter of Prime Minister Narendra Modi's ban on 500- and 1,000-rupee notes to unearth black or undeclared money, now says he is worried that there is no end in sight to the crisis brought about by the massive cash crunch that has followed.

Rahul Gandhi and 25 other opposition leaders from 16 parties met President Pranab Mukherjee this evening to complain against the manner in which the government has pushed in parliament a new proposal to tax black or undeclared money.

The government's clarification on whether new tax rules for undeclared wealth will apply to gold and other jewellery today drew the spotlight on a 26-year-old rule that draws a distinction between "married and unmarried women" when it comes to how much gold one can get away with.

The government has said that it is sticking by the end-of-the-year deadline for depositing the 500 and 1,000-rupee notes that were banned earlier this month. The outlawed notes must be submitted to bank branches before they close on December 30. Those who have black money have a new chance to make the disclosure and hold onto 50% of the amount. The...

The government's new proposal on how to tax black or undeclared money was cleared today by the Lok Sabha, where the government is in a majority. The bill must now be approved by the Rajya Sabha within 14 days. If not, it automatically becomes the law. The legislation has been introduced as the next step in the huge initiative launched earlier this ...

For those who say that the new Rs 2,000 note will fail at making it harder to hoard black or undeclared money, economist Bibek Debroy has a simple answer: "Don't assume the government of India is stupid."

Decoys planted by the Income Tax department will be watching out at jewellery shops and banks for anyone trying to get multiple people to exchange their Rs 500 and Rs 1,000 notes, banned last week in Prime Minister Narendra Modi's unexpected move against undeclared wealth.

The poor are sleeping peacefully and the rich need sleeping pills - Prime Minister Narendra Modi was attacked by the opposition today as he repeated these comments in Uttar Pradesh while defending his decision to suddenly take the two biggest currency notes out of circulation to crack down on black or undeclared wealth.

The RBI and the government have been trying to assuage public anger after Prime Minister Narendra Modi abruptly decided to withdraw large denomination notes in an attempt to uncover many billions of dollars in undeclared wealth.

The RBI announcement attempting to assure the public comes as anger intensified in the country on Sunday with banks struggling to dispense money following the government's decision to withdraw large denomination notes in an attempt to uncover many billions of dollars in undeclared wealth.

Indians are inventing ingenious ways to try and hide their money from the tax inspector as the government attempts to flush out vast undeclared wealth by abolishing high denomination bank notes.

Fake currency on Sunday, saffron smuggling on Monday, and undeclared foreign money on Wednesday: Mumbai Customs can be said to be a very busy department of late. As if celebrities waltzing in with undeclared jewels weren't enough, customs officials, in another breakthrough, arrested a Senegalese woman with undeclared currency in her possession on ...