Black Money
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Bombay HC stays IT department notice to Anil Ambani under Black Money Act
The Reliance Group chairperson was served the notice for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore.
Scroll Staff
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Black money: No estimate of amount stashed in foreign accounts for last 5 years, Centre tells RS
The Centre said that 648 disclosures about foreign assets worth Rs 4,164 crore were made during a one-time compliance window in September 2015.
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No official estimate of black money stashed in Swiss banks for last 10 years, says Centre
Data from the Swiss National Bank shows that funds parked by Indian individuals and firms in Swiss banks rose to its highest level in 13 years in 2020.
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Trending
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‘Heeramandi’ review: Lahore Luxe tawaif saga runs on empty
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Mumbai school principal told to resign after being targeted by Hindutva website
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‘Naach Ga Ghuma’ review: Soft landings in saga of a woman and her missing maid
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Faltering economy, poor citizens, South Asia’s bully: The reality of India’s global ambitions
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In his new book, journalist Boria Majumdar addresses BCCI’s two-year ban after an online controversy
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Centre refuses to reveal details of Indians’ Swiss bank accounts in response to RTI query
The Union finance ministry also refused to disclose black money-related information received from other countries.
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Rs 2,000 note is main denomination for hoarding of unaccounted income, assets, says Centre
As much 67.91% of the unaccounted cash was in the form of Rs 2,000 notes in 2017-’18, 65.93% in 2018-’19, and 43.22% in the 2019-’20 financial years.
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Centre refuses to share black money details obtained from Switzerland, cites confidentiality: PTI
The Finance Ministry said that India and Switzerland share information on black money on case-to-case basis.
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Video
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Watch: Diljit Dosanjh invites young fan on stage, dances with him during his sold-out Vancouver show
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Watch: School authorities turn classroom into swimming pool to encourage attendance during heatwave
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Watch: Woman recreates pet parrot’s choreography
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Watch: Neighbours rescue infant from second floor sunshade after she fell from fourth floor balcony
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Video: Listen to this acapella version of Shankar Mahadevan’s ‘Breathless’ by four singers
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Finance Ministry refuses to share details on amount of black money held by Indians: Report
The ministry said in response to a Right to Information query that these reports are being examined by a Parliamentary panel.
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PMO declines CIC’s order to share details of black money brought back from abroad
The Prime Minister’s Office cited a provision of the RTI Act that bars the disclosure of information that may impede investigation and prosecution of offenders.
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Piyush Goyal dismisses Rahul Gandhi’s claim that black money deposits in Swiss banks have grown
The finance minister said Indian deposits in these banks have in fact declined by 34% in 2017.
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The Reel
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‘Naach Ga Ghuma’ review: Soft landings in saga of a woman and her missing maid
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‘Heeramandi’ review: Lahore Luxe tawaif saga runs on empty
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‘The Fall Guy’ review: Ryan Gosling and Emily Blunt sparkle in entertaining action comedy
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‘Mufasa: The Lion King’ trailer: Barry Jenkins directs prequel to 2019 photorealistic animated film
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Start the week with a film: A divorce from hell in ‘The War of the Roses’
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Finance ministry refuses to share information on black money held by Indians under RTI Act: PTI
The disclosure will be a breach of privilege of Parliament, it said.
Scroll Staff
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Arun Jaitley says money deposited in Swiss banks may belong to people of Indian origin, NRIs
The finance minister said the government can take action only against Indian residents who park funds illegally.
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India will receive data on black money in Swiss banks by 2019 financial year, says Piyush Goyal
Why assume this is black money, asked the minister after Swiss National Bank’s annual report said funds parked by Indians rose by over 50% in 2017.
Scroll Staff
The Field
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Shifting goalposts: AIFF chief Kalyan Chaubey needs to come clean on the ISL not having relegation
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IPL 2024: Harpreet Brar, Rahul Chahar bowl Punjab Kings to crucial win over Chennai Super Kings
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Badminton, Thomas Cup 2024: India finish second in Group C following loss to Indonesia
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Fitness watch: Project launched in England to study causes of ACL injuries in women’s football
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IPL 2024: Bowlers, Marcus Stoinis help Lucknow Super Giants beat Mumbai Indians