Money Laundering

Union Cabinet approved proposal to levy 60% deduction on accounted deposits

November 25, 2016

The Union Cabinet has approved a proposal to levy close to 60% deduction on unaccounted deposits in banks above a threshold by amending the Income Tax (I-T) Act. The move was taken amid banks reporting over Rs 21,000 crore being deposited in zero-balance Jan Dhan accounts post demonetisation, which the government...

Participatory Notes

March 7, 2015

Stock markets in India are regulated by SEBI and all Foreign Institutional Investors, who invest in Indian stocks have to get registered with SEBI.  The two broad categories of foreign Investments viz. FDI and FII are highly regulated and need several approvals from SEBI. On the other hand, Participatory...

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