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99 Percent Of Banned Notes Back, But Government Says Aim Met: 10 Points
Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...
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'Operation Clean Money' Website Launched, Tax Defaulters To Be Rated
In its new campaign against black or untaxed money, the government will put up reports of raids on a website and also rate defaulters in various categories from high risk to very low risk.
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10 Crores, Luxury Cars, LED TVs: Rich Haul From Tax Raids On UP Officials
Raids on a senior Uttar Pradesh bureaucrat have revealed an enormous haul of unaccounted cash and jewellery. Income Tax officials have allegedly found around 10 crores in cash and 10 kg gold during raids on Keshav Lal, a Kanpur-based additional commissioner of Sales Tax, who has a house in Noida near Delhi.
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Union Budget 2017: Rs 3 Lakhs Cap On Cash Transactions From April, Says Government
Transactions above Rs 3 lakh will not be allowed in cash, Finance Minister Arun Jaitley said today while announcing the budget.
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On Notes Ban, Rahul Gandhi's 5 Questions For PM Modi. And BJP's Retort
Rahul Gandhi's list of questions for Prime Minister Narendra Modi today included how much black or untaxed money has come back into the system since November 8, when 500- and 1,000-rupee notes were banned. "50 days are coming to an end, the PM needs to answer key questions," he said, speaking to reporters on the Congress party's 132nd foundation da...
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Black Money Holders Get Last Chance To Disclose Till March 2017
Not declaring the black money under the scheme now but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
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Three More Months To Come Clean On Black Money, Government Warns: 10 Developments
The government today gave three more months to people to come clean on their untaxed wealth under a scheme announced last month and get rid of the "black money" stain. Under the Pradhan Mantri Garib Kalyan Yojana, people can declare their illegal money and pay 50 per cent as tax till March 31, Revenue Secretary Hasmukh Adhia said. Urging people to ...
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For G Janardhana Reddy's Big Wedding, Money Laundered, Claims Suicide Note
Mining baron and former minister G Janardhana Reddy laundered 100 crores of untaxed money ahead of his daughter's internationally-headlined wedding last month, a driver in Karnataka has alleged in a note left behind after he killed himself yesterday.
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To Blunt Opposition Attack On Notes Ban, Arun Jaitley Dials Nitish Kumar, Other Chief Ministers
Andhra Pradesh Chief Minister Chandrababu Naidu will head a committee of Chief Ministers that will suggest ways to move to a cashless economy and to ease the situation caused by the massive cash crunch after the government banned 500- and 1,000-rupee notes to combat black or untaxed money.
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Trouble, Say Bureaucrats Sent By Delhi To Check On Notes Ban In Bihar
Bihar Chief Minister Nitish Kumar has overcome his usual antipathy to Prime Minister Narendra Modi to offer fulsome praise of the abrupt ban on 500 and 1,000-rupee notes, promising his "full support" to the scheme that seeks to attack black or untaxed money.
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Banks Have Received $80 Billion In 500, 1,000 Rupee Notes, Says RBI: 10 Points
The Reserve Bank of India on Monday said banks have received 5.45 trillion rupees or 80 billion dollars in 500 and 1,000 rupee notes from November 10 to 18, after the government decided to withdraw high value bills to eliminate black or untaxed money and counterfeit currency.
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Why A Government Think Tank Says Notes Ban May Not End Black Money Menace
Three years ago, the National institute of Public Finance and Policy (NIPFP), a think tank under the Finance Ministry, prepared a report for the government on the scale of black or untaxed money in the Indian economy.
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'Now We Have Modi Antoinette,' Says Left's Sitaram Yechury In Notes Ban Debate
Left leader Sitaram Yechury borrowed from a meme being shared on social media to take a swipe at Prime Minister Narendra Modi as he criticised the way the government has pulled Rs. 500 and Rs. 1,000 notes to combat black or untaxed money.
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'Anti-Poor' Said BJP When Congress Government Had Announced Note Ban
The last time the centre decided to scrap currency notes to crack down on black or untaxed money, an opposition spokesperson had called it a "strongly anti-poor" move.
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In Uddhav Thackeray's Attack On Notes Ban, A Dare For PM Narendra Modi
Echoing a section of the opposition, Shiv Sena chief Uddhav Thackeray on Thursday questioned Prime Minister Narendra Modi's ambitions plan to scrap old 500 and 1,000 rupee notes to curb untaxed wealth, saying it was inconveniencing people.
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99 Percent Of Banned Notes Back, But Government Says Aim Met: 10 Points
Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...
-
'Operation Clean Money' Website Launched, Tax Defaulters To Be Rated
In its new campaign against black or untaxed money, the government will put up reports of raids on a website and also rate defaulters in various categories from high risk to very low risk.
-
10 Crores, Luxury Cars, LED TVs: Rich Haul From Tax Raids On UP Officials
Raids on a senior Uttar Pradesh bureaucrat have revealed an enormous haul of unaccounted cash and jewellery. Income Tax officials have allegedly found around 10 crores in cash and 10 kg gold during raids on Keshav Lal, a Kanpur-based additional commissioner of Sales Tax, who has a house in Noida near Delhi.
-
Union Budget 2017: Rs 3 Lakhs Cap On Cash Transactions From April, Says Government
Transactions above Rs 3 lakh will not be allowed in cash, Finance Minister Arun Jaitley said today while announcing the budget.
-
On Notes Ban, Rahul Gandhi's 5 Questions For PM Modi. And BJP's Retort
Rahul Gandhi's list of questions for Prime Minister Narendra Modi today included how much black or untaxed money has come back into the system since November 8, when 500- and 1,000-rupee notes were banned. "50 days are coming to an end, the PM needs to answer key questions," he said, speaking to reporters on the Congress party's 132nd foundation da...
-
Black Money Holders Get Last Chance To Disclose Till March 2017
Not declaring the black money under the scheme now but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty.
-
Three More Months To Come Clean On Black Money, Government Warns: 10 Developments
The government today gave three more months to people to come clean on their untaxed wealth under a scheme announced last month and get rid of the "black money" stain. Under the Pradhan Mantri Garib Kalyan Yojana, people can declare their illegal money and pay 50 per cent as tax till March 31, Revenue Secretary Hasmukh Adhia said. Urging people to ...
-
For G Janardhana Reddy's Big Wedding, Money Laundered, Claims Suicide Note
Mining baron and former minister G Janardhana Reddy laundered 100 crores of untaxed money ahead of his daughter's internationally-headlined wedding last month, a driver in Karnataka has alleged in a note left behind after he killed himself yesterday.
-
To Blunt Opposition Attack On Notes Ban, Arun Jaitley Dials Nitish Kumar, Other Chief Ministers
Andhra Pradesh Chief Minister Chandrababu Naidu will head a committee of Chief Ministers that will suggest ways to move to a cashless economy and to ease the situation caused by the massive cash crunch after the government banned 500- and 1,000-rupee notes to combat black or untaxed money.
-
Trouble, Say Bureaucrats Sent By Delhi To Check On Notes Ban In Bihar
Bihar Chief Minister Nitish Kumar has overcome his usual antipathy to Prime Minister Narendra Modi to offer fulsome praise of the abrupt ban on 500 and 1,000-rupee notes, promising his "full support" to the scheme that seeks to attack black or untaxed money.
-
Banks Have Received $80 Billion In 500, 1,000 Rupee Notes, Says RBI: 10 Points
The Reserve Bank of India on Monday said banks have received 5.45 trillion rupees or 80 billion dollars in 500 and 1,000 rupee notes from November 10 to 18, after the government decided to withdraw high value bills to eliminate black or untaxed money and counterfeit currency.
-
Why A Government Think Tank Says Notes Ban May Not End Black Money Menace
Three years ago, the National institute of Public Finance and Policy (NIPFP), a think tank under the Finance Ministry, prepared a report for the government on the scale of black or untaxed money in the Indian economy.
-
'Now We Have Modi Antoinette,' Says Left's Sitaram Yechury In Notes Ban Debate
Left leader Sitaram Yechury borrowed from a meme being shared on social media to take a swipe at Prime Minister Narendra Modi as he criticised the way the government has pulled Rs. 500 and Rs. 1,000 notes to combat black or untaxed money.
-
'Anti-Poor' Said BJP When Congress Government Had Announced Note Ban
The last time the centre decided to scrap currency notes to crack down on black or untaxed money, an opposition spokesperson had called it a "strongly anti-poor" move.
-
In Uddhav Thackeray's Attack On Notes Ban, A Dare For PM Narendra Modi
Echoing a section of the opposition, Shiv Sena chief Uddhav Thackeray on Thursday questioned Prime Minister Narendra Modi's ambitions plan to scrap old 500 and 1,000 rupee notes to curb untaxed wealth, saying it was inconveniencing people.
