ZURICH/NEW DELHI (TIP): Money parked by Indians in Switzerland’s banks nearly halved to 676 Swiss francs (about Rs 4,500 crore) in 2016 to hit a record low amid a continuing clampdown on the suspected black money stashed behind their famed […]
NEW DELHI (TIP): The Income Tax department will investigate over 60,000 individuals under the second phase of the ‘Operation Clean Money’ which was launched on Friday with a view to detecting black money generation post […]
NEW DELHI (TIP): The government is likely to introduce a disclosure scheme under which anyone with unaccounted income can come clean by paying 50% tax before December 30. A fourth of the amount remaining after […]
There has been a spate of mixed reactions from the NRIS living in America after India‘s Prime Minister Narendra Modi has imposed nation-wide ban on existing Rs. 500 and Rs. 1000 notes in a move […]
Post-demonetization, the country is in a state of economic convulsion. To keep it from turning into a social seizure, the government has appealed to patriotic fervor, raising every notion from the soldier’s suffering to the […]
NEW DELHI (TIP): Praising Prime Minister Narendra Modi‘s demonetization decision, Microsoft founder Bill Gates has said it is a “bold move” and will deflate India‘s shadow economy. Delivering the Second Transforming India Lecture organized NITI […]
Prime Minister Narendra Modi‘s sudden decision to ban Rs1,000 and Rs500 notes in an attempt to crack down on black money has created a storm in India and abroad. While many including celebrities hailed this move […]
One estimate pegs May 2017 as date when bills will be replaced; Deutsche Bank says crunch to cut 50bps from Oct-Dec GDP growth NEW YORK (TIP): For Indians expecting respite from the government’s clampdown on […]
Government unfazed by combined opposition attack; fight will continue, says opposition Meanwhile, the common people undergo terrible suffering The war over demonetization between the government and opposition is getting fiercer as the latter vows to […]
It is very surprising why Team Modi ignored the very basic fact that the 1% of richest Indians own 53% of country’s wealth. Further the 5% of richest own 68.6% of country’s wealth, while the […]
Chaotic scenes witnessed in both Houses of Parliament over scrapping of Rs1,000 and Rs 500 notes NEW DELHI (TIP): Both Houses of parliament were adjourned on Thursday, November 17, as opposition lawmakers continued their attack […]
The August 14, 2014 issue of the The Hindu carried a feature indicating that the National Institute of Public Finance and Policy (NIPFP) had submitted to the Finance Ministry, in December 2013, a confidential report […]
NEW DELHI (TIP): In an extraordinary step to tackle the scourge of black money in the country, Prime Minister Narendra Modi banned Rs 500 and Rs 1,000 notes from November 8 midnight. In his first […]
WASHINGTON (TIP): The IMF on Friday said it supports India‘s efforts to fight corruption through demonetisation, but noted that the transition needs to be managed “prudently” to minimise any disruption. “We support the measures to […]
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