Black Money

Chief Minister Naveen Patnaik on Wednesday welcomed Prime Minister Narendra Modi’s announcement to demonetize Rs. 1,000 and Rs. 500 notes. The Chief Minister said it is a bold step taken by the Prime Minister to curb black money, fake…

In a major step to curb black money menace and corruption, the Prime Minister Narendra Modi on Tuesday announced demonetization of Rs 500 and 1000 notes. While address to the nation, PM Modi announced that, with effect from midnight…

The Special Investigation Team (SIT) on black money held a meeting at Cuttack on Monday to review high-profile tax evasion and money laundering probe cases. The meeting was chaired by SIT Vice-Chairman Justice Arijit Pashayat. After…

New Delhi, Jan 1: In yet another bid to curb generation of black money, quoting of the income tax Permanent Account Number (PAN) would be mandatory for cash transactions above Rs.2 lakh from January 1, 2016. "The government received…

Washington, Dec 9: With an average annual outflow of $51.03 billion, India is the fourth biggest exporter of illicit capital over a decade with such financial flows surging to $1.1 trillion in 2013, according to a new report. China, with…

New Delhi, Nov 18: Prime Minister Narendra Modi on Wednesday said his government has taken "significant steps to check corruption and the menace of black money in a short span of time". Speaking at the inauguration of the sixth Global…

Antalya (Turkey), Nov 16: Making it clear that India has no tolerance towards black money, Prime Minister Narendra Modi on Monday called for an end to "excessive banking secrecy" in some countries so that ill-gotten money stashed away…

Antalya (Turkey), Nov 16: India has zero tolerance on black money and corruption, Prime Minister Narendra Modi said on Monday, the second and final day of the G20 Summit here. “My government has zero tolerance on corruption and black…

The CBI and ED jointly conducted raids at various places in New Delhi, including the Ashok Vihar branch of Bank of Baroda in connection with Rs 6,172 crore forex scam, which was exposed by ABP News in a sting operation. It came to light…

New Delhi, Oct 5: The total worth of declaration of assets made under the black money compliance window is Rs.4,417 crore by 638 declarants, the government announced on Monday. An official statement following the closure of the…