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  Black money stashed in foreign shores, not in India: Arun Shourie

  Politics | January 28, 2017 18:46 IST

  Former Union Minister Arun Shourie today blasted the Narendra Modi government for its demonetisation move and wondered how it would help check black money which is lying in foreign shores.

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  Demonetisation will widen tax base, lower interest rates: FinMin tells Par panel

  January 23, 2017 11:04 IST

  Demonetisation will lead to a wider tax base and lower interest rates, thus paving the way for "sustainable faster economic growth", the Finance Ministry has said.

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  ED arrests Surat-based financer Bhajiawala on charges of money laundering

  India | January 20, 2017 11:13 IST

  The Enforcement Directorate (ED) has arrested city-based financer Kishore Bhajiawala on money laundering charges and for allegedly using 1,000 fake IDs to illegally convert Rs 1 crore in old notes into new post demonetisation.

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  Report deposits above Rs 10 lakh a year: Govt tells banks

  January 20, 2017 7:09 IST

  the government has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills.

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  RBI admits it has no data on scams in co-operative banks post-demonetisation

  January 16, 2017 14:59 IST

  The RBI has admitted that it has no details of any irregularities or scams in the exchange of the demonetised currency notes of Rs 500 and Rs 1,000 by the cooperative banks, a reply under RTI revealed on Monday.

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  I-T suspects Rs 3-4 lakh crore evaded income deposited in banks post note ban

  January 10, 2017 14:50 IST

  The government’s analysis of bank deposits post-demonetisation so far show an estimated Rs 3-4 lakh crore of tax-evaded income deposited in old notes during the 50-day window provided to get rid of junked Rs 500/1000 notes.

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  Modi thinking of next generation, Rahul of disrupting Parliament's next session: Jaitley

  Politics | January 08, 2017 15:01 IST

  Arun Jaitley today hit out at Congress vice-president Rahul Gandhi saying while Prime Minister Narendra Modi was thinking of the next generation Rahul Gandhi was only looking at how to disrupt the next Session of Parliament.

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  I-T probes Rs 300 cr shady bullion sale, black money deposits in Delhi

  January 06, 2017 21:19 IST

  Unearthing one of the biggest cases of black funds in Delhi since note ban came in to effect, the Income Tax department has detected a Rs 300 crore shady bullion sale and over Rs six

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  Black money crackdown: Govt may ask I-T to scan bank transactions older than six years

  January 06, 2017 15:45 IST

  In a bid to tighten the noose around black money hoarders, the government is likely to ask the Income Tax department to scan bank transactions that are older than six years.

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  Govt ropes in top accounting firms to corner black money hoarders: Report

  January 04, 2017 13:54 IST

  The government appears to be in no mood to tighten the noose around the black money hoarders across the nation following its big ticket move to demonetise high-value currency notes.

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  Alarmed over ten-fold rise in ‘suspect transactions’, banks alert tax authorities

  January 04, 2017 9:35 IST

  banks are not taking any chances in reporting “suspicious” transactions with some of the private banks reporting an increase of up to 10 times.

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  Inspired by India, Australia may announce demonetisation to curb black money: Report

  World | January 03, 2017 8:32 IST

  Australia seems to be inspired with the move as it is also reportedly mulling over the idea of demonetising its highest denomination note.

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  In post-demonetisation raids, I-T dept uncovered Rs 4,663 cr of ‘undisclosed income’: Report

  January 03, 2017 8:27 IST

  In a massive crackdown on black money hoarders across the country, the Income Tax Department has detected over Rs 4,663 crore of undisclosed income post the demonetisation of two high-value currencies by the government.

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  Reveal amount of black money recovered post demonetisation: Rahul Gandhi

  Politics | December 30, 2016 16:59 IST

  Congress vice-president Rahul Gandhi today sought to know from Prime Minister Narendra Modi the amount of black money recovered after the November 8 decision of demonetisation.

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  Suspected deposits worth Rs 4 lakh crore under IT lens: Report

  December 30, 2016 9:04 IST

  the Income Tax Department, based on estimates that unaccounted money worth Rs 4 lakh crore may have flown into bank accounts post demonetisation, is gearing up to serve notices to those who cannot explain the source of the money. the Income Tax Dep

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  Frequent rule changes was to stay ahead of our enemies, says PM Modi

  Politics | December 30, 2016 16:32 IST

  Prime Minister Narendra Modi has strongly defended his move to demonetise higher currency denominations, calling it a "difficult" but apolitical decision

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  Demonetisation: 60 lakh depositors put Rs 7 lakh crore in banks since November 8

  December 29, 2016 19:28 IST

  The government has said that deposits totalling Rs 7 lakh crore were made by some 60 lakh individuals and companies following the announcement to demonetize high-valu currency notes on November 8. The government has also

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  Hyderabad businessman held for 98 crores 'black money' deposits in banks

  India | December 29, 2016 6:44 IST

  A Hyderabad businessman was arrested on Wednesday for allegedly cheating and generating 'fake and fictitious' advance payment receipts to deposit Rs. 98 crore in banks following the ban of 500 and 1000-rupee notes last month.

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  In Nagaland, tribals’ accounts used for hoarding black money, guns sold for old notes: Report

  India | December 28, 2016 9:15 IST

  In yet another shocking revelation related to black money hoarding post demonetisation, it has been found that launderers and arms suppliers are pumping illegal wealth into tax-exempt bank accounts of local tribes and even as investments in guns in N

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  Black money riddle: India has more car buyers than tax payers

  December 27, 2016 18:14 IST

  has just 24.4 lakh tax payers who declared an annual income of over Rs 10 lakh, yet 25 lakh new cars, including 35,000 luxury cars, are being bought every year