black money
Supreme Court Verdict on Demonetisation Case
The Supreme Court of India has upheld the 2016 decision of the Narendra Modi government to demonetize currency notes of INR 500 and INR 1,000 denominations. The decision, which was taken by a 4:1 majority of the Constitution Bench, stated ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 2024
ECI seeks restrictions on cash donations to political parties
The Chief Election Commissioner has written to the Union Law Ministry to limit anonymous political donations. He has provided several recommendations reduce election funding via black money. Key recommendations Disclose donations above Rs.2,000: Under the current rules, political parties are ..
Month: Current affairs - September, 2022
Category: India Nation & States Current Affairs • Legal & Constitution Current Affairs
Multi-Agency Group for investigation of Foreign Asset Cases
Indian Government has set up a “Multi-Agency Group for investigation of Foreign Asset Cases”. The Group comprises of representatives from various enforcement Agencies and Organizations. It will involve in the investigation of various categories of foreign asset cases such as ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs - 2024 • International / World Current Affairs
India receives second set of Swiss Bank Account Details
On October 9, 2020, India received second set of Swiss bank details under the “Automatic Exchange Pact” signed with Switzerland. The pact was a key milestone of GoI in its fight back against black money. Highlights India is one among ..
Month: Current Affairs - October, 2020
Swiss Money: India moves down to 77th rank
On June 26, 2020, the Swiss National Bank released its analysis of annual banking statistics. According to the report, India ranked low when it comes to money held by Indian individuals and organizations with the Swiss banks. Highlights The United ..
Month: Current Affairs - June, 2020
NPL scientists develop ink to stop fake passports and currency notes
The Council of Scientific and Industrial Research (CSIR) and National Physical Laboratory (NPL) developed an ink to combat the problem of fake printing of passports and counterfeiting of currency notes. The ink has a new security feature o protecting itself ..