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Bill on black money likely in ongoing Parl session: Rev Sec
Finance Minister Arun Jaitley in his Budget speech had announced that the government would come out with a new law to effectively deal with the black money stashed abroad. The proposed law will have a provision of 10-year rigorous imprisonment for .
Stiff jail term, 90% penalty for black money abroad
NEW DELHI: The Modi government on Friday unveiled a set of stringent provisions, including a 90% penalty on those who have undisclosed foreign assets and income overseas as it introduced a Bill to deal with black money stashed abroad. This will be.
Current Affairs Topiclist: 2015 March Week1 to Week4 (1-31st)
This page contains only list of current affairs topics from Hindu, Indianexpress, pib.nic.in, frontline etc. for the four weeks of March 2015 for UPSC.. (2) If India breaks its vow and begins testing nuclear weapons then Japan will Cancel the deal and asked India to return all the equipments and technologies.. UPA Government designed a bill post-Fukushima disaster but bill lapsed in Lok Sabha.��� AERB... (1) 10 years jail +300% tax for stashing black money abroad.
Some Important GK Boost Point - March 2015 - Bhaskar Josh
6th Month GK Capsule For Clerk Exam (IBPS, SBI Associate) In Hindi. Dear Reader, We are Providing you 6th month GK. It will be help to you for. The Union cabinet has cleared the black money bill, which proposes to provide muscle to tax authorities dealing with illegal wealth stashed abroad. According to Stockholm International Peace Research Institute. Lok Sabha passed Insurance Laws (Amendment) Bill, 2015. The Aam Aadmi Party dropped two founder members, Yogendra��.
Finance Minister hints at changes in laws to repatriate.
Finance Minister Arun Jaitley on Thursday hinted in Lok Sabha at the government considering amending the anti-money laundering and Income Tax laws to get back the black money stashed abroad, admitting that there are��.
Black money bill likely to be tabled on Friday.
The Lok Sabha is likely to take up on Friday the cabinet-approved anti-black-money bill that proposes a short window to overseas income tax assessees to declare assets, pay tax and penalty and avoid imprisonment. Black money. India has no official estimates of illegal money stashed away overseas, but the unofficial ones range from $466 billion to $1.4 trillion. IANS. 16 to 18: LS passes bill redefining a juveniles age in serious crimes - The Indian Express.
Two new laws to curb black money in India and abroad.
���We have taken a considered decision to enact a comprehensive new law on black money to specifically deal with such money stashed away abroad, I propose to introduce a bill in the current session of the Parliament,�����.
Not Working for Corporates or Rich, But For the Poorest: PM Modi in Parliament
There was a time when people thought this was a party from the Hindi belt. There was a time when people said. (PM on governments progress to track black money) - We will fulfill our objective of getting the countrys black money stashed abroad back.
Neither Tax Terrorism, Not Tax Haven: Arun Jaitley - The.
On the issue of black money stashed by Indians abroad, the finance minister said even though the Undisclosed Foreign Income and Assets (Imposition of Tax) Bill of 2015 had been tabled by him in the Lok Sabha last month, there. a signatory to the US global tax evasion law -- Foreign Accounts Tax Compliance Act of 2010 -- that seeks to deal with evasion by its nationals wherein authorities and institutions on both sides will share information on money laundering.
Now, Centre moves to crack down on black money stashed in country
After introducing a Bill for curbing generation of black money overseas, the Centre intends to bring in an equally stringent legislation against domestic black money. To make the new Benami Transaction (Prohibition) Bill more effective, the Government.
Cabinet approves Bill to unearth black money - Latest.
The government has been under pressure to act on the issue of black money stashed abroad as the BJP and Modi had mounted a huge campaign during the Lok Sabha election last year with promise to quickly repatriate��.
Last chance: Black Money Bill will open one-time compliance window
Concealing foreign assets or income can lead to jail up to 10 years with a maximum fine of ���1 crore along with tax and penalty of up to 120 per cent, if the Bill on black money introduced in the Lok Sabha on Friday is enacted into law. The Undisclosed .
LS passes bill to deal with black money stashed abroad
Lok Sabha on Monday passed a bill to deal with black money stashed abroad through high monetary penalty and criminal prosecution with the government allaying fears that innocent people could be harassed under the proposed ���deterrent��� law. Piloting the .
Undisclosed Foreign Income and Assets (Imposition of Tax.
. decision of the Government to enact a comprehensive new law on black money to specifically deal with black money stashed away abroad. He also promised to introduce the new Bill in the current Session of the Parliament.
Flashback: Key features of the last five Union Budgets.
Riding high on the development agenda, Narendra Modi led Bharatiya Janata Party triumphed the Lok Sabha elections with a thunderous applause in May 2014. Nine months. Some of the several assurances that Modi made to the people were to bring down inflation, more investment, economic upswing and to bring back black money stashed abroad... Black money: Five-fold strategy proposed to deal with the problem of generation and circulation of black money.
Cabinet clears black money bill, proposes one-time amnesty.
The Indian ExpressCabinet clears black money bill, proposes one-time amnesty but hard actionThe Indian ExpressThe government has proposed a one-time amnesty for all those who have stashed black money abroad.. Economic Times �� Google Search (2 days ago) - The HinduGovernment tables GST Bill in Lok Sabha amid protestsEconomic TimesNEW DELHI: Finance Minister Arun Jaitley on Friday moved the Goods and Services Tax Bill in the Lok Sabha for.
Black Money in India: Causes, Process, Circulation and.
. and generate further income downstream. The problem is that the government is left out of this money cycle as it does not earn any income but the economy benefits as the money continues to circulate, generating wealth as it passes hands.. In addition, the government must take immediate steps for bringing back the black money stashed abroad through inter-governmental negotiations backed by economic and diplomatic pressure. India must exert pressure on��.
Cabinet Clears Bill on Black Money, to be Introduced in Parliament This.
New Delhi: The cabinet has cleared the black money bill, which proposes to provide muscle to tax authorities in dealing with people stowing illegal wealth abroad, sources told NDTV. The bill is likely to be introduced in the current session of.
Room still for people to come clean on black money: Jaitley
New Delhi: Finance Minister Arun Jaitley on Monday said India will not be allowed to become a tax haven and that the government would provide a reasonable window of compliance to those who have stashed away ill-gotten money overseas to come clean.
Parliament live: Logjam over Sadhvis remarks ends after chairman reads out.
Reacting to the oppositions suggestions, MoS Parliamentary Affairs Mukhtar Abbas Naqvi said the government was not interested in passing any resolution and the opposition should let the House run. I appreciate that. Opposition MPs, which were seen.
ESSENCE IAS: 21-mar
21-mar. Black money bill. 1) The Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 was tabled in Lok Sabha. 2) It is a comprehensive new law for specifically dealing with black money stashed abroad, also provides for a separate taxation of such money. 3) Undisclosed. 4) It has mapped the terrain, studied the chemicals present, looked for methane, a sign of ancient or present life, and got a ringside view of a passing comet in October, 2014.
Kaalaadhan (KD) bill in Lok sabha (pdf text.
The Finance Minister, in his budget speech, while acknowledging the limitations under the existing law, had conveyed the considered decision of the Government to enact a comprehensive new law on black money to specifically deal with black money stashed away abroad. He also. produced by him into account, recording of reasons, passing of orders in writing, limitation of time for various actions of the tax authority, etc. Further.. A homage to Hindu civilization.
Land law during UPA regime adopted in hurry: Modi
This is the reason that 40 bills have been passed in Parliament, Mr. Modi said. On the issue of tackling black money, the Prime Minister said a deterrent legislation that will enhance the possibility of bringing back the ill-gotten money stashed abroad.
Never talked about bringing black money in 100 days: Centre
New Delhi: Government on Thursday insisted in Lok Sabha that it had never claimed that all the black money stashed abroad would be brought back within 100 days even as opposition continued to target it over the issue. Contesting the opposition charge.
New black-money law will give those with foreign assets six months to come clean
The six-month compliance window will come into effect from the date notified, after the black money Bill is passed by Parliament, a senior Finance Ministry official said. ���This window will not be for more than six months,��� the official clarified.
Budget 2015: One-time chance on black money or 10 years in jail
NEW DELHI: The government is working on a plan to provide a one-time opportunity to those who have black money abroad to pay taxes and repatriate their stash even as finance minister Arun Jaitley unveiled a raft of stringent measures in the Budget to .
Never talked about bringing black money in 100 days.
Government on Thursday insisted in Lok Sabha that it had never claimed that all the black money stashed abroad would be brought back within 100 days even as opposition continued to target it over the issue.. Contesting the opposition charge in this regard, Parliamentary Affairs Minister M Venkaiah Naidu cited BJPs Lok Sabha election manifesto which said a task force would be set up to deal with the problem of black money. We are not so immature to say we��.
UN conference endorses Indias concerns over black money.
In a major push towards recovering black money stashed in safe havens abroad, a UN conference in Doha on Sunday endorsed Indias suggestions on promoting global cooperation in fighting the menace of money laundering,. Minister of Law and Justice DV Sadanad Gowda, who is leading a high-level delegation to the Congress, said that our government has placed a bill in the parliament regarding black money and success in achieving this would require��.
Kaalaadhan (KD) bill 2015 penalties. NaMo, will it bring.
The so-called Black Money Bill 2015, that proposes to penalise those stashing illicit wealth abroad by imposing a 10-year rigorous imprisonment, was introduced in the Lok Sabha today ��� FM Arun Jaitley introduced The Undisclosed Foreign Income. government on Friday unveiled a set of stringent provisions, including a 90% penalty on those who have undisclosed foreign assets and income overseas as it introduced a Bill to deal with black money stashed abroad.
Flashback: Key features of the last five Union Budgets
Some of the several assurances that Modi made to the people were to bring down inflation, more investment, economic upswing and to bring back black money stashed abroad. As Jaitley prepares to present his first budget, all eyes will be on which of the .
United opposition leaves Modi government red-faced in Rajya Sabha
The opposition frustrated the plan to pass the insurance bill by sitting tight over it, thus denying the government even the opening to call a joint sitting where it, with its superior LS numbers, can overwhelm the opposition. The government had always.
Govt. may find going tough on Bills
Eager to flaunt some game-changing reforms, the government is pinning its hopes on getting approval for the Goods and Service Tax (GST) Bill, besides another for tracking black money stashed away abroad. Other key draft legislation scheduled for .
