Black Money | The Asian Age

Friday, Apr 19, 2024 | Last Update : 11:39 AM IST

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Modi justified the devastating demonetisation saying it was a huge blow to black money

Rise in Swiss banks’ stash is a rude shock

Prime Minister Narendra Modi’s silence on this issue is perplexing, given that he belongs to the twitterati.

02 Jul 2018 5:37 AM

Why is PM silent on black money, asks Mayawati

Mayawati also said that the Modi government should object to the new USA policy of America First since it impacted thousands of Indian living there.

02 Jul 2018 12:35 AM

Union Minister Arun Jaitley said the SNB report has led to a 'misinformed reaction in certain circles' questioning 'whether the Government's anti-black money steps have yielded results'. (Photo: File/PTI)

'If not in Swiss banks, where is black money?': Cong hits back at Jaitley

The Congress on Saturday took a dig at Finance Minister Arun Jaitley's remark of 'all money in Swiss banks is not black money'.

30 Jun 2018 8:30 PM

Shaky presumption that all deposits are tax evaded: Jaitley on Swiss Bank data

Union Minister Arun Jaitley urged those participating in public discourse to understand 'basic facts' before sharing views.

29 Jun 2018 8:27 PM

Rahul Gandhi took a dig at Narendra Modi over the rise in Indian money in Swiss banks. (Photo: File)

Rahul Gandhi slams Modi govt over rise in Indian money in Swiss banks

Congress also targeted PM over his govt's claims of putting a clampdown on black money and said Swiss bank deposits during UPA had fallen.

29 Jun 2018 7:02 PM

'From January 1, 2018 till end of accounting year, all data will be made available. Why assume this is black money or illegal transactions?', Union Minister Piyush Goyal said. (Photo: File)

Will get data on black money from Switzerland by 2019, says Piyush Goyal

Piyush Goyal said, 'We will have all the information and if anybody is found guilty, strict action will be taken.'

29 Jun 2018 2:21 PM

India has a treaty with Switzerland under which the Swiss government would provide all data from January 1, 2018 till December 31, 2018. (Photo: PTI)

Strong action to be taken against illicit Swiss deposits, says Goyal

India would get data as the accounting year ends, Goyal said.

29 Jun 2018 2:16 PM

The Indian money in Swiss banks had fallen by 45 per cent in 2016, marking their biggest ever yearly plunge. (Photo: PTI)

Indians’ money in Swiss banks increases 50 pc to Rs 7,000 crore in 2017

Indian money held with Swiss banks comes as a surprise given India’s continuing clampdown on suspected black money.

29 Jun 2018 12:23 PM

The issue of black money has always been a matter of big debate in India and Switzerland has been long perceived as one of the safest havens for such funds. (Photo: AP | File)

Money of Indians in Swiss banks rises 50 per cent to over Rs 7,000 crore

The surge in Indian money held in Swiss banks comes as surprise given India's continuing clampdown on suspected black money stashed abroad.

29 Jun 2018 10:00 AM

The total funds held by all foreign clients of Swiss banks rose about 3 per cent to CHF 1.46 trillion or about Rs 100 lakh crore in 2017. (Photo: AP)

Money of Indians in Swiss banks rises over 50 pc to 7,000 Cr

The surge in Indian money held with Swiss banks comes as surprise given India's ongoing clampdown on suspected black money stashed abroad.

28 Jun 2018 8:40 PM

Facing criticism over the 2016 demonetisation drive, the Union government on Saturday said benefits of the note ban are being reaped now as hoarded cash is being put to productive use. (Photo: PTI)

'Kala dhan' has now become 'jan dhan', claims MoS Finance Shukla

Over 99 per cent of the scrapped notes came back into the system, creating excess liquidity.

16 Jun 2018 2:49 PM

Stepping up efforts to curb illicit fund flows, Switzerland plans to amend its anti-money laundering law wherein financial intermediaries will be required to verify information on beneficial owners.

Switzerland set to amend anti-money laundering law

Late last year, India and Switzerland inked a pact for automatic exchange of tax-related information.

03 Jun 2018 6:19 PM

The tax department also assured full confidentiality of the informer for all the reward schemes saying that the identity of the persons giving information will not be disclosed.

Tip-off on stash to get you Rs 5crore

The Centre Board for Direct Taxes (CBDT) on Friday announced the Benami Transactions Informants Reward Scheme, 2018.

02 Jun 2018 12:39 AM

Sharing "specific information" with the income tax department about any benami transaction or property could earn you up to Rs one crore, while the same for undisclosed black money stashed abroad could fetch up to Rs 5 crore.

Be an informer to I-T department and earn up to Rs 5 crore

This reward scheme is aimed at encouraging people to give information about benami transactions and properties.

01 Jun 2018 4:16 PM

Much ado about assets!

Ultimately it is the people’s money that somehow ends up in the pockets of netas and babus.

15 May 2018 12:43 AM

Defence Minister Nirmala Sitharaman (Photo: PTI)

Nirmala Sitharaman, Chidambaram attack each other over assets, Rafale

Sitharaman even wondered if this was the Congress party’s “Nawaz Sharif moment”.

14 May 2018 6:25 AM

PM Narendra Modi is mauni baba, says Shiv Sena

India’s capital should be shifted to London, New York or Paris where Mr Modi will speak.

21 Apr 2018 5:45 AM

People in many states are complaining of cash crunch at ATMs. (Photo: ANI | Twitter)

What the cash crunch foretells

The Reserve Bank, unconvincingly, denies that there is any cash crunch & alleges the inefficiency of banks in properly allocating the available cash.

21 Apr 2018 12:26 AM

Dry ATMs: Why the banks are getting the runs

The government needs to act to restore public confidence shattered by the shenanigans within banks and the asininity of policy.

20 Apr 2018 12:47 AM

Finance Minister Arun Jaitley. (Photo: Twitter | ANI)

Note ban succeeded in unearthing black money: Jaitley

The circulation of high value came down to 13.34 lakh crore last December.

23 Mar 2018 10:11 AM

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Mohan Guruswamy