Black money: Names can be revealed in public interest, says govt

Last Updated: Tuesday, August 4, 2015, 22:07

Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government Tuesday said details of information provided during the one-time compliance window can be revealed in the public interest.

Airtel acquires YTS Solutions to boost wallet services

Last Updated: Monday, August 3, 2015, 23:44

Bharti Airtel has acquired financial solutions firm YTS Solutions for an undisclosed amount and announced appointment of the latter's co-founder Manish Khera as CEO of its mobile wallet service Airtel M Commerce Services.

FinMin to hold talkathon on new black money law Tuesday

Last Updated: Monday, August 3, 2015, 22:20

Finance Ministry will hold a talkathon on the new black money law Tuesday during which Revenue Secretary Shaktikanta Das and CBDT Chairperson Anita Kapur will respond to the queries regarding the legislation.

Black money: Cooperating with Indian authorities on Swiss a/c probe, says HSBC

Last Updated: Monday, August 3, 2015, 16:27

Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC Monday said it is cooperating with the authorities.

Black money abroad declaration form can be filed online

Last Updated: Saturday, August 1, 2015, 00:33

The government has notified the form for declaring income and assets abroad as well rules for their calculation under the Undisclosed Foreign Income and Assets Bill and these can also be filed online, parliament was told on Friday.

Govt detects Rs 1,761.09 crore undisclosed income till June

Last Updated: Friday, July 31, 2015, 19:00

The government has detected an undisclosed income of Rs 1,761.09 crore while it seized Rs 75.37 crore in a total of 41 searches till June this fiscal, Parliament was informed Friday.

Hong Kong fines SBI for anti-money laundering law violation

Last Updated: Friday, July 31, 2015, 18:33

The Hong Kong central bank on Friday penalised State Bank of India's Hong Kong branch USD 1 million (Hong Kong dollar 7.5 million) for alleged violation of local anti-money laundering and counter-terror financing laws.

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.

Sebi proposes joint task force to check illicit money pooling

Last Updated: Wednesday, July 29, 2015, 18:07

To check the menace of illicit money-pooling activities of small unlisted companies, Sebi has proposed a joint task force of financial regulators and intelligence agencies to bring them under regulatory ambit.

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.

Rs 6,000 crore EPF money to be invested in equities by March 2016

Last Updated: Monday, July 27, 2015, 18:11

About Rs 6,000 crore of EPF (Employees' Provident Fund) money would be invested in equities by March 2016 with a view to get higher returns, said Union Minister of State for Labour Bandaru Dattatreya Monday.