Tag: Black Money
17 Results
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PM warns of tough action against dishonest, announces sops
Prime Minister Narendra Modi on Saturday set out a stern warning of tough action against the "dishonest" people even as he announced a slew of sops for senior citizens, farmers, rural housing, women and small entrepreneurs to soften the blow of demonetisation. He also assuaged the honest people that the government will act as a …
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December 31, 2016 -
An inescapable future
After my last article (A Cashless Future, 23 November) in these columns, many readers had reacted with an understandable sense of outrage. While some thought that it would be insane to talk of a cashless country where more than half the population still defecate in the open and about a quarter of the population are …
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December 30, 2016 -
No guarantee that new currency will end black money: Chidambaram
As the deadline for depositing the demonetised notes has come to an end, former finance minister P Chidambaram on Friday raised questions about its effect and said there is no guarantee that black money will not be found and bribes will not be taken in new currency notes. “There is no guarantee that black money …
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December 30, 2016 -
Post raids, black money to attract over 137% in tax, penalty
Black money holders will have to bear taxes and penalties amounting to as high as 137 per cent if they do not admit to or fail to explain the source of undisclosed income after being raided, the income tax department on Tuesday said. However, the total levy can touch 107.25 per cent if the undisclosed …
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December 27, 2016 -
Rahul trying to weaken fight against black money: BJP
Slamming Rahul Gandhi for levelling allegations of corruption against Prime Minister Narendra Modi, the BJP on Saturday said the Congress vice president is engaging in "baseless and uncalled for rhetoric" only to weaken the fight against black money. "The nation today is going ahead in its fight against black money due to the initiatives taken by …
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December 24, 2016 -
PM likens parties opposing note ban to Pak helping terrorists
In a scathing attack on opposition for stalling Parliament over demonetisation, Prime Minister Narendra Modi on Thursday alleged they were trying to "rescue the corrupt" like Pakistan gives cover fire to terrorists to cross border and said the note ban will expose the 'kala dhan' (black money) as well as 'kale mann' (ill-intentions) of many. …
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December 22, 2016 -
Modi welcomes EC bid to stop black money in polls, promises support
Welcoming the Election Commissions proposal to ban anonymity behind donations of more than Rs.2,000 to political parties, Prime Minister Narendra Modi on Monday assured it of implementing measures aimed at preventing black money infiltrating the electoral process. Addressing a party rally in this industrial city of Uttar Pradesh, Modi accused the opposition of avoiding a …
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December 19, 2016 -
Modi took blood of Indians with demonetisation: Rahul
Congress vice president Rahul Gandhi on Monday said Prime Minister Narendra Modi's government has taken blood out of the veins of 99 per cent Indians with its demonetisation decision. At a rally in poll-bound Uttar Pradesh, Gandhi stopped people from hurling invective against Modi, saying he is the prime minister and “we must not say …
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December 19, 2016 -
New scheme to declare black money
The government’s latest scheme for people to declare black money – The Pradhan Mantri Garib Kalyan Yojana (PMGKY) – will start on December 17. The scheme will remain open for three months, sources said on Friday. “The PMGKY will start from tomorrow (Saturday), and the last date for disclosures is March 31, 2017. People have …
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December 16, 2016 -
New scheme to declare black money
The government’s latest scheme for people to declare black money – The Pradhan Mantri Garib Kalyan Yojana (PMGKY) – will start on December 17. The scheme will remain open for three months, sources said on Friday. “The PMGKY will start from tomorrow (Saturday), and the last date for disclosures is March 31, 2017. People have …
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December 16, 2016 -
Tax officials uncover Rs.2,600 cr black money, seize Rs.393 cr
Post the November 8 demonetisation of high-value currency, the government has uncovered concealed income to the tune of Rs.2,600 crore and has seized a total of Rs.393 crore involving nearly 300 cases, an official said on Friday. “Admitted concealed income on the basis of our survey of data till date is Rs.2,600 crore,” Central Board …
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December 16, 2016 -
No official estimation of black money: FM
There is no official estimation of black money either before or after November 8 — the day government announced scrapping of old Rs.500 and Rs.1,000 notes, Finance Minister Arun Jaitley said on Friday. “There is no official estimation of the amount of black money either before or after the government’s decision of November 8, 2016 …
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December 16, 2016 -
Capt demands review of failed demonetisation scheme
Punjab Congress president Captain Amarinder Singh on Wednesday demanded a review, with at least some sort of rollback, of the demonetisation scheme, terming its implementation a total fiasco and seeking the intervention of the Chief Justice of India and of the Punjab and Haryana High Court in the matter. In a letter to the chief …
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December 14, 2016 -
Delhi Police raids hotel, recovers Rs.3.25 crore in old notes
Delhi Police raided a hotel in Karol Bagh here and recovered Rs.3.25 crore in demonetised notes from five persons, police said on Wednesday. Based on secret information, the Crime Branch conducted a joint raid with Income Tax officials late last night at Taksh Inn in Karol Bagh and found five persons in two rooms of …
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December 14, 2016 -
Over Rs.1.5 cr new currencies seized in Assam
The Criminal Investigation Department (CID) of Assam Police has recovered over Rs.1.5 crore in new Rs.2,000 and Rs.500 bills from a businessman’s house here, police said on Tuesday. The CID official said that the amount was recovered during a raid at the house of Harjeet Singh Bedi on late Monday evening. “We received a tip …
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December 13, 2016 -
New black business
Unearthing black money and dismantling the shadow economy are said to have inspired the demonetisation exercise, and what advocates of the government are using as prime weaponry to try and silence critics of the move and how it has dislocated the lives of the common citizen who never had much wealth — let alone unaccounted …
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December 10, 2016 -
Modi defends note ban, promises long-term gains
A month after demonetisation triggered an unprecedented cash crunch in the country, Prime Minister Narendra Modi on Thursday defended his decision saying it will lead to long-term gains. “I always said that the government's measure will bring a degree of inconvenience but this short-term pain will pave way for long-term gains,” the Prime Minister said …
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December 8, 2016