Topic: 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,...
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...
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...
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...
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...
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...
India gets first tranche of Swiss account details
Under the new Automatic Information Exchange pact, India received its first tranche of Swiss Bank Account details. India hence is legally one among 75 countries with which the...
Amendments in Prevention of Money Laundering Act (PMLA)
The Central Government of India has issued a new notification which stated the changes which have been made in the Prevention of Money Laundering Act (PMLA). What is...
Indian Black Money in Swiss Banks Reduces
As per a report made public by the Swiss National Bank (SNB), the money deposited by Indian individuals and enterprises in various Swiss banks has reduced by nearly...
EC asks Political Parties to Comply with SC s order on Electoral Bonds
In an interim order given by the Supreme Court (SC) in response to petitions filed by the NGO Association for Democratic Reforms (ADR) challenging the electoral bond scheme,...
RBI replies to RTI regarding Demonetisation
The minutes of meeting which had approved the demonetisation of Rs 500 and Rs 1000 currency notes has been revealed through RTI. The government had contested that demonetisation...
