Swiss banks more upbeat despite data exchange concerns: Survey
Eighty-eight percent of the 120 banks covered said their performance was "positive" against 71 percent last year, the EY audit and advisory firm said in a survey.
Jan 09, 2015, 00:01 AM IST
SIT traces Rs 4,479 cr in Swiss banks; Rs 14,958 cr in India
In first major disclosure about money held in Swiss banks, government on Friday said Rs 4,479 crore is held in the accounts owned by Indians, who figured on the HSBC List, and the Income Tax Department has initiated action against 79 of such account holders.
Dec 12, 2014, 19:11 PM IST
Come with proof, not for fishing expedition: Swiss to India
Switzerland's Ambassador to India Linus von Castelmur also said the past cannot be undone, while promising full support of his country in cases where at least some proof is provided on tax frauds.
Dec 07, 2014, 13:11 PM IST
India must show tax fraud proof for valid probe: Swiss on black money
Switzerland Wednesday said it was willing to cooperate with India over the black money issue if the latter provides prima facie evidence of illegality, but will not proceed in the matter on the basis of stolen data.
Dec 04, 2014, 00:02 AM IST
Black money: SC asks Centre to ensure IT probe by March, 2015
The Supreme Court Wednesday asked the Centre to ensure that the ongoing income tax probe for suspected black money concerning 627 Indians who have accounts in HSBC bank, Geneva, do not get time barred and be completed by March next year.
Dec 03, 2014, 19:02 PM IST
PMO asks tax dept to find more ways to bring back black money
Aiming to intensify government's drive on black money, the PMO has asked the revenue department to look for ways other than bilateral tax treaties to bring back funds stashed abroad.
Nov 24, 2014, 22:46 PM IST
Black money trail: From Swiss Alps to island nations
India is strengthening its bilateral tax information exchange treaties with many such jurisdictions, but a further push might be required for 'technical assistance'.
Nov 16, 2014, 13:29 PM IST
Black money: 'No valid reason given for not revealing names'
The secrecy clause hurdle in DTAA could be overcome, Swamy said.
Nov 08, 2014, 14:40 PM IST
Black money accounts need to be stemmed: Javadekar
Amid a debate on black money, Union Minister Prakash Javadekar today said efforts should be made to ensure that no illegal bank accounts originate at all and expressed confidence that such a thing will happen under the present government.
Nov 03, 2014, 18:13 PM IST
Large-scale account inheritance emerges in black money probe
Accounts inherited from family members as also from previously-constituted trusts or companies have come to the fore in a big way.
Nov 03, 2014, 15:24 PM IST
Effective steps taken to bring back black money: Ravishankar
While the BJP government has shown firm commitment on the subject of black money, Congress did nothing during its rule on the issue, he said.
Nov 03, 2014, 14:56 PM IST
Unauthorised disclosure on black money can sabotage probe: Arun Jaitley
Lashing out at those, including the Congress party, who want the government to make names of black money holders public, Finance Minister Arun Jaitley Sunday said unauthorised disclosure of such names can sabotage investigation and benefit the guilty.
Nov 02, 2014, 22:28 PM IST
Black money: Unauthorised disclosure of names can sabotage investigations, says Arun Jaitley
Finance Minister Arun Jaitley on Sunday said unauthorised disclosure of the names of black money account holders could sabotage its very investigation and affect the Indian economy too.
Nov 02, 2014, 18:06 PM IST
Need cooperation from Swiss banks to bring back black money: SIT chief
Chief of the Special Investigation Team (SIT) on black money, Justice M.B. Shah, on Sunday said it was not difficult to bring back the black money to the country but added that it would require cooperation from the Swiss banks.
Nov 02, 2014, 17:05 PM IST
Black money probe: Swiss banks mull anticipatory meaures
The banks are also said to be lobbying with the Swiss government that it should ask the Indian authorities to put in place a 'settlement' mechanism to deal with the suspected entities.
Nov 02, 2014, 14:48 PM IST
Black money: Info can't be disclosed outside specific proceedings, says Switzerland
Amid a debate on disclosure of names of suspected black money holders, Switzerland today said information exchanged under Swiss-India tax treaty cannot be disclosed "in principle" to a court or any other body outside the proceedings of a 'specific and relevant' case.
Oct 30, 2014, 16:24 PM IST
Unearthing black money can add $30 bn to FX reserves: BofA
The unearthing of capital flight of "black" money Indians have allegedly stashed away in Swiss banks could add USD 30 billion to the country's forex reserves, says a Bank of America Merrill Lynch report.
Oct 29, 2014, 14:49 PM IST
Black money: Govt submits before SC names of 627 Indians holding foreign bank accounts
In a major step forward in the black money case, the Central government on Wednesday submitted before the Supreme Court a list of names of Indians having accounts in foreign banks.
Oct 29, 2014, 05:38 AM IST
Differences with India on making bank a/c info public: Switzerland
Noting that tax evasion is not a criminal offense in Switzerland, a senior Swiss official has acknowledged differences with India on what can be made public about Indians having unaccounted money parked in Swiss banks.
Oct 28, 2014, 12:47 PM IST
Black money: Supreme Court to continue hearing today
A day after the government filed affidavit in the Supreme Court where it disclosed eight names including three of those who allegedly have black money account in foreign banks, the apex court will continue hearing about the case Tuesday.
Oct 28, 2014, 11:47 AM IST
