Page-4 of Topic: black money
India ranks 4th in black money outflows: GFI Report
India has been placed at fourth position in black money outflows among the developing and emerging economies. It was revealed by Global Financial Integrity’s (GFI’s) Illicit Financial Flows...
India inks pact with Seychelles to curb black money
India has inked an information exchange agreement on tax matters with Seychelles in order to curb tax evasion and boost its efforts to fight against black money. The...
SEBI bars 59 entities from trading for manipulating markets and evading taxes
The Securities and Exchange Board of India (SEBI) has barred 59 entities from trading in Bombay Stock Exchange due to alleged manipulation of the stock exchange route for...
Government approves pact between India and Seychelles to curb black money
With an intention of curbing black money generation the government approved signing and ratification of the Tax information exchange agreements between India and Seychelles. According to the agreement...
BSE sets up new system for reporting suspicious trades
Bombay Stock Exchange has instituted new system Suspicious Transaction Reports (STRs) for reporting suspicious trades in order to check money laundering through stock markets. The national stock exchange... Union Government opens compliance window for black money disclosure
Union Government has notified the compliance window for black money disclosure under the Black Money (Undisclosed Foreign Income and Asset) and Imposition of Tax Act, 2015. The notified...
RBI extends deadline for exchanging pre-2005 currency notes till December 2015
The Reserve Bank of India (RBI) has extended the date to exchange pre-2005 bank notes till December 31, 2015 for third time. Earlier in December 2014, RBI had...India joins the Multilateral Competent Authority Agreement on Automatic Exchange of Information
India has joined the Multilateral Competent Authority Agreement (MCAA) on Automatic Exchange of Financial Account Information (AEOI). The new global standards has wide in scope and oblige the...Union Cabinet gives nod to Benami Transactions (Prohibition) (Amendment) Bill, 2015
Union Cabinet has given its approval to Benami Transactions (Prohibition) (Amendment) Bill, 2015. The Bill seeks to amend the Benami Transactions (Prohibition) Act, 1988 by adding additional provisions...
Lok Sabha passes Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015
Lok Sabha on 11 May 2015 passed Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 by a voice vote. The bill seeks to deal with the...
