Page-2 of Topic: black money
Ministry of Corporate Affairs, CBDT ink MoU for Automatic and Regular Exchange of Information
The Ministry of Corporate Affairs (MCA) and Central Board of Direct Taxes (CBDT) have signed Memorandum of Understanding (MoU) for automatic and regular exchange of tax information. The...
Government to launch Project Insight
The Union Finance Ministry is planning to launch ‘Project Insight’ from October 2017 to monitor high value transactions and detect tax evaders using technology with a view to...
India, Switzerland ink two MoUs in the field of Railways
India and Switzerland have signed two Memorandum of Understandings (MoUs) for exchanging technical cooperation in the field of Railways. They were signed after delegation level talks between Prime...
India placed 88th in money hoarded in Swiss banks
As per analysis of the latest figures compiled by the Zurich based SNB (Swiss National Bank) as on 2016-end, India has slipped to the 88th place in terms...
Black Money: Automatic Information Sharing with Switzerland from 2019
Switzerland has ratified automatic exchange of financial account information with India and 40 other countries. This will facilitate Switzerland to share information about suspected black money with India... $770 billion Worth of Black Money entered into India during 2005-2014: GFI
US-based think tank Global Financial Integrity (GFI) in its report titled ‘Illicit Financial Flows to and from Developing Countries: 2005-2014’, has estimated that 770 billion worth of black...
Government constitutes inter-departmental task force to crack down on benami firms
The Union Government has constituted inter-departmental task force comprising members of various regulatory Ministries and enforcement agencies to crack down on benami firms. It is first major post-demonetisation...
Government introduces alternative funding mechanism of electoral bonds: Budget
The Union Government has announced two measures in the Budget 2017-18 to bring in greater transparency in funding of political parties. These include capping cash funding by a... Union Government introduces Taxation Laws (Second Amendment) Bill, 2016
The Union Government has introduced the Taxation Laws (Second Amendment) Bill, 2016 in the Parliament. The bill amends existing tax laws to impose a higher rate of tax... India, Switzerland sign Joint Declaration for implementing AEOI
India and Switzerland have signed a Joint Declaration for implementation of Automatic Exchange of Information (AEOI) in respect of accounts of Indians held abroad. Under the pact, both...
Rs. 500, Rs. 1,000 notes no longer legal tender
The Union Government has announced that Rs. 500, Rs. 1,000 notes will cease to be legal tender. It was announced by Prime Minister Narendra Modi in a surprise... 