New column in Income Tax forms for declaring foreign assets

Last Updated: Friday, March 30, 2012, 18:02

In its efforts to check black money stashed in foreign banks, government has introduced a new column seeking details of foreign assets in the Income Tax Return (ITR) forms for the assessment year 2012-13.

China to permit foreign banks to borrow $24 billion this year

Last Updated: Friday, March 30, 2012, 11:35

China's National Development and Reform Commission (NDRC), the country's top economic planner, said foreign-funded banks are allowed to borrow as much as USD 24 billion of medium and long-term external debt this year.

Pvt, foreign banks cannot pay 'excessive' salary to CEOs: RBI

Last Updated: Friday, January 13, 2012, 22:20

The Reserve Bank on Friday said CEOs and staff of private and foreign banks cannot draw "excessive" salary, but it did not impose any cap on their remuneration.

No excessive salary for Foreign banks CEO’s: RBI

Last Updated: Friday, January 13, 2012, 21:25

The RBI said CEOs and staff of private and foreign banks cannot draw excessive salary, but it did not impose any cap on their remuneration.

'Licence to foreign bank only if it gives investment detail'

Last Updated: Monday, August 22, 2011, 18:42

Suggesting strong measures to track black money, accounting regulator ICAI on Monday said new foreign banks should be granted licences only if they agree to furnish details on "investment made by Indian people outside India".

Blackmoney: Can’t reveal names, says govt

Last Updated: Friday, April 15, 2011, 18:47

The Centre declined before the Supreme Court to make public names of the people who have stashed black money in foreign banks, saying it is not possible to disclose information received from foreign governments under DTAT.

Buddhadeb wants black money be brought back to India

Last Updated: Sunday, February 13, 2011, 20:55

West Bengal CM Buddhadeb Bhattacherjee demanded that UPA government take steps to bring back black money stashed in foreign banks and make public details of the account holders.

Did PM mislead Parl on accounts abroad: BJP

Last Updated: Saturday, January 15, 2011, 17:50

BJP asked Prime Minister Manmohan Singh to clarify if he had mislead parliament after the Supreme Court "indicted" the government for not revealing names of those who had stashed away money in foreign banks.