Tag: Black money

Investigations have led to detection of more than Rs. 11000 crore of credits in undisclosed foreign accounts: CBDT

Newsroom24x7 Network New Delhi: In the offshore accounts linked to around 700 Indian persons, as revealed by International Consortium of Investigative Journalists (ICIJ) from April 2013 onwards, sustained investigations conducted in these cases have led to detection of more than Rs. 11,010 crore of credits in the undisclosed foreign accounts so far. Moreover, in the

Continue reading

Foreign Investment, Mauritius route and black money

Lalit Shastri Prime Minister Narendra Modi had promised during the 2014 election campaign that he would bring back the black money stashed abroad by Indian citzens after coming to power. The Modi led Government’s report card on this count draws a blank and people have started asking questions. A lot has already been analysed and

Continue reading

Modi has failed to meet any of his big promises, bringing back black money stashed abroad is a case in point: Ram Jethmalani

Newsroom24x7 Staff Bhopal: Member of Parliament and senior Supreme Court advocate Ram Jathmalani today said that Prime Minister Narendra Modi has failed to fulfill any of the big promises he made to the people of India. One of the great promises was ending corruption, Jethmalani pointed out. He was speaking to media-persons in the State

Continue reading

Dispelling the ‘chalta hai’ myth on Political Funding in India

Exclusive Column: Thinking Beyond Anoop Swarup All political parties in India shout from roof tops against black money but they become one and use every pretext to thwart or delay reforms when it comes to ensuring transparency in electoral funding. The headline roars into the collective and conscious will of the people of India. Almost

Continue reading

Government of India opens another window for disclosing black money

Newsroom24x7 Staff New Delhi: Under the Taxation Laws (Second Amendment) Act, 2016, which came into force on yesterday (15 December, 2016) and the linked rules notified today and placed in public domain, the Taxation and Investment Regime (disclosure scheme) for Pradhan Mantri Garib Kalyan Yojana, 2016 will become operational from Frday (17 December 2016) and

Continue reading

Taxation Laws (Second Amendment) Bill introduced in Lok Sabha

Newsroom24x7 Staff A scheme ‘Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016’ (PMGKY) proposed in the Bill   New Delhi:  After the high denomination bank notes of existing series of denomination of the value of Rs.500 and Rs.1000 [Specified Bank Notes(SBN)] have been withdrawn by the Reserve Bank of India, concerns have

Continue reading

Shahdol by-election: Demonetisation and voters’ dilemma

Lalit Shastri Katni-Anuppur Highway (Madhya Pradesh): These are villagers in a crowded queue outside a bank on Katni – Anuppur highway in Madhya Pradesh. This area falls in the Shahdol Parliamentary constituency where polling for by-election will be held on 19 November. Most of those one talked to said they were waiting endlessly to withdraw

Continue reading

And now Demonetisation: Modiji, Please don’t let the bankers down

Newsroom24x7 Desk New Delhi: After the Modi Government’s hard hitting decision to discontinue the use of ₹500 and ₹1000 notes to address the issue of black money, a letter written on behalf of the bankers to Prime Minister Narendra Modi has gone viral on social media. We reproduce the letter: Dear Modi ji we The

Continue reading

Combating the menace of black money is a shared priority of India and Switzerland: Narendra Modi

Newsroom24x7 Staff Geneva: Combating the menace of “black money” and tax evasion is our shared priority, Prime Minister of India Narendra Modi said here today in the presence of Swiss President Schneider-Ammann. Jointly addressing the media with the Swiss President, Modi said: “We discussed the need for an early and expeditious exchange of information to

Continue reading

What ails India’s Income Tax Department

Lalit Shastri There is a general perception among the masses that the Income Tax department, has largely failed, along with other enforcement agencies, to curb the menace of black money and come down heavily against those involved in money laundering -an activity that poses a serious threat to national and international security. Besides the general perception, what

Continue reading

Imran khan praising Narendra Modi: Video goes viral

Newsroom24x7 Desk New Delhi: A video of Pakistani politician and ex-cricketer Imran Khan praising Prime Minister Narendra Modi as an upright and honest lesser has gone viral on social media. Imran Khan’s video posted on youtube in 2014, a few months after Mr. Modi began his innings as Prime Minister is being discussed with interest

Continue reading

One year of Modi Rule: People’s confidence has been restored by facing the challenges confronting the nation

Lalit Shastri Bhopal: Union Minister for Mines and Steel Narendra Singh Tomar today said when the new Government came to power in New Delhi on 26 May 2014, the country was confronted with diverse problems, including a tottering economy and a series of scams, but Prime Minister Narendra Modi accepted these challenges and within a

Continue reading

Modi reiterates commitment to transform quality of life, infrastructure and services

Newsroom24x7 Desk New Delhi: On the first anniversary of his government, Prime Minister Narendra Modi on Tuesday said our objective is to transform quality of life, infrastructure and services. He also gave the assurance to the people that the goal is to “build the India of your dreams and that of our freedom fighters.” In

Continue reading

India to go for separate taxation to root out black money

Newsroom24x7 Desk Under the proposed law: Willful attempt to evade tax in relation to a foreign income or an asset located outside India will be rigorous imprisonment from three years to ten years. New Delhi: India will have stringent provisions and there will be separate taxation of any undisclosed income in relation to foreign income and assets

Continue reading