Steps taken by India to tackle black money
Following are the steps spelt out by Finance Minister Pranab Mukherjee, which India has already taken and initiated to tackle the issue of black money abroad, estimated at between Rs.432 billion and $1.4 trillion:
-Constituted multidisciplinary panel to estimate illicit fund generated by Indians
-Vice-chair of Global Forum on Transparency and Exchange of Information for tax purposes
-Joined the Task Force on Financial Integrity and Economic Development
-Member of Financial Action Task Force to trace terror funds
-Member of of UN Tax Committee and Sub Committee on Transfer Pricing
-Member of Eurasian Group on money laundering, tax evasion
-Signed double taxation avoidance agreements with 79 countries
-Negotiating with 65 countries to modify double taxation avoidance agreements
-Talks for new double taxation avoidance agreements with 15 countries
-Prioritized 22 countries/jurisdictions, called tax havens, for signing tax information exchange pacts
-Proposed eight income tax overseas units in addition to those in Singapore, Mauritius
-Amended Prevention of Money Laundering Act in 2009 to make it more stringent
-Proposed new legislation for unearthing black money under the Direct Taxes Code Bill
-Setting up Exchange of Information Cell to share information to curb tax evasion
-Detected undisclosed income of Rs.15,000 crore in last 18 months
The Congress plans to win 130 seats in next year's Karnataka assembly election but seems still not be able to present a united front with senior leaders vying to be seen as next in line for the chief minister's post, leaving workers confused. News agency ANI quoted a senior leader as saying a 'damage control' policy is needed right now.
According to official data, six friends who had gone for a picnic in Ajnoi forest of Sheopur were struck by lightning. Of those, Ramabharat Adiwasi, Dilip Adiwasi and Mukesh Adiwasi, all in their early 20s, died on the spot, while Dayaram Adiwasi, Satish Adiwasi and Somdev Adiwasi were seriously injured and admitted to Gwalior Medical College.
Auto-rickshaw drivers in Maharashtra's Thane district put up a banner of Eknath Shinde in front of the civic body headquarters on Thursday to extend their support towards the state's new chief minister. The banner was put up in front of the Thane Municipal Corporation's (TMC's) headquarters with about 100 auto drivers taking part in a gathering. The drivers also stuck stickers with the above slogan on their autos.
BJP national vice president Dilip Ghosh allegedly made some remarks on Bengal CM and TMC supremo Mamata Banerjee's family during an interaction at an event organised by a leading media group. The BJP leader said the Bengal CM referred to herself as “Banglar meye (daughter of Bengal)” before the Assembly elections in the eastern state in 2021, and later during her visit to Goa, called herself the “daughter” of the coastal region.
The Bengaluru residential real estate market remained undeterred by the Omicron wave of Covid-19 with a 34 per cent year-on-year increase in sales in the first quarter of 2022, a report by global consultants Knight Frank said. Residential real estate prices were, in fact, highest in Bengaluru - a 7 per cent YoY increase, followed by a 5 per cent increase in Pune and a 4 per cent increase in Mumbai.