Govt taking effective steps to tackle black money: Sinha

Last Updated: Thursday, July 30, 2015, 19:43

The government on Thursday said it's taking effective steps to deal with black money and will focus on high-impact cases with a view to prosecuting offenders expeditiously for credible deterrence against tax evasion.

Sebi gets 100 alerts a day; strong surveillance in place: Sinha

Last Updated: Wednesday, July 29, 2015, 19:42

Amid concerns over misuse of stock markets for laundering of black money, including through P-Notes, regulator Sebi has said it has a strong surveillance system that generates over 100 alerts a day and all cases of manipulation are being dealt with sternly.

No knee-jerk reaction on P-Notes curbs: Jaitley to investors

Last Updated: Monday, July 27, 2015, 19:18

The comments came as stock markets slumped over 580 points and rupee slid to 64.15 to a dollar as investors saw any government action against P-notes as hurting genuine foreign investments.

Govt to hold consultations on P-notes, no decision yet: Revenue Secretary

Last Updated: Monday, July 27, 2015, 11:09

The Supreme Court-appointed SIT on black money last week recommended a host of measures, including suggesting the securities regulator SEBI to tighten norms related to participatory notes investments into India.

SFIO to rope in chartered accountants for probe-related works

Last Updated: Sunday, July 26, 2015, 12:15

The Supreme Court-appointed Special Investigation Team (SIT), in its latest report on steps to curb the black money menace, has suggested a more active role for SFIO.

SFIO to rope in chartered accountants for probe-related works

Last Updated: Sunday, July 26, 2015, 12:15

The Supreme Court-appointed Special Investigation Team (SIT), in its latest report on steps to curb the black money menace, has suggested a more active role for SFIO.

SIT suggests host of tough measures to check black money

Last Updated: Friday, July 24, 2015, 23:29

Seeking a tight rein on black money, the Supreme Court-appointed SIT Friday recommended enacting tough laws to curb betting in cricket, bring donations to education and religious bodies under tax net, monitoring unusual rise in stock prices and regulating P-Notes.

SIT asks SEBI to clamp down on tax evaders, P-Note misuse

Last Updated: Friday, July 24, 2015, 22:25

Concerned over flow of black money into stock market, the Supreme Court-appointed SIT today asked regulator SEBI to compulsorily identify real owners of foreign funds coming through the controversial P-Note route and also prosecute those using equities for tax evasion.

Black money: SIT for donations to colleges, charities through cheque

Last Updated: Friday, July 24, 2015, 22:24

The SIT on black money has suggested measures to ensure donations by cheques to prevent black money generation in education sector, religious bodies and charities, and sought prosecution of those donating and accepting unaccounted money under anti-corruption law.

Black money: Curb betting in cricket, check donations, says SIT

Last Updated: Friday, July 24, 2015, 18:50

To check the black money menace, SIT Friday called for effective norms to curb betting in cricket and a stronger set of norms for P-Notes, while also making a case for bringing donations to educational and religious bodies under tax net.

Black money: Sebi must have monitoring mechanism to study rise of stocks, says SIT

Last Updated: Friday, July 24, 2015, 16:38

Submitting its recommendations on black money in its third report, the SIT said that Sebi India must study P-note misuse for money laundering.

Sebi busts billion-dollar 'tax evasion shops' in stock market

Last Updated: Wednesday, July 22, 2015, 19:57

Suspecting tax evasion of at least Rs 5,000-6,000 crore, regulator Sebi has clamped down on a large number of organised syndicates who had set up 'shops' to convert black money into legitimate-looking funds through the stock market platform.