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Black Money

Reserve Bank of India

PIL filed against RBI, SBI over exchange of Rs 2,000 banknote without ID proof

The PIL filed in Delhi High Court sought direction from the RBI and SBI to ensure that Rs 2,000 notes are deposited in the respective bank accounts only so that no one could deposit the money in others’ bank accounts and...

22 May 2023

Nirmala Sitharaman

Note In Circulation Rise 8% Annually To Rs 32 Lakh Crore: Finance Minister Nirmala Sitharaman

The demand for currency depends upon several macroeconomic factors, including economic growth and level of interest rates, she said in a reply to the Lok Sabha

19 December 2022

Congress President Mallikarjun Kharge

PM Yet To Acknowledge 'Epic Failure' Of Demonetisation Move: Mallikarjun Kharge

Mallikarjun Kharge's remarks, a day before demonetisation's sixth anniversary, came over a media report which said that the currency with the public has jumped to a new high of Rs 30.88 lakh crore as of October 21.

07 November 2022

P Chidambaram

Withdrawal Of Rs 2000 Notes: It Helped Keepers Of Black Money To Hoard With Ease, Says P Chidambaram

On the withdrawal of the Rs 2000 note by the Reserve Bank of India, former finance minister P Chidambaram claims that it was introduced to help black money keepers and ordinary people who do not have it and rejected it back...

22 May 2023

Six Years On, Jury Still Out On Demonetisation Promises

Figures fail to show any significant positive impact of Prime Minister Narendra Modi’s 2016 order banning two highest-valued currency notes in the country

08 November 2022

Not enough vital documents relating to black money in foreign banks.

SC Defers Hearing On Plea Seeking Steps To Recover Black Money Stashed In Foreign Banks

Besides Jethmalani, five others, including former Punjab DGP K P S Gill, also dead now, and former secretary general of the Lok Sabha Subhash Kashyap, have alleged in the petition that the government was not taking action on...

30 August 2022

Delhi High Court

HC Asks Centre To Respond To Plea For Linking Property With Aadhaar

As part of an order, the Delhi High Court on Monday asked the Centre to respond to a petition seeking to link immovable and movable property documents with Aadhaar numbers in order to combat corruption, black money...

17 April 2023

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Telangana Finance Minister Harish Rao Attacks BJP

Rao, who spoke on the BJP's national executive during the last couple of days and a public meeting addressed here by Prime Minister Narendra Modi, alleged that the BJP only talked about coming to power in Telangana without...

04 July 2022

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29 June 2022
Major SITs Constituted In The Last Decade And Their Outcomes

Major SITs Constituted In The Last Decade And Their Outcomes

While there is no law to stipulate the kind of cases that should be given to an SIT, it is entirely up to the courts to approve or reject the reports submitted...


25 June 2022
'Who Is Footing Hotel Bills In Guwahati, Surat' Asks NCP; Urges IT Dept And ED To Find Source Of 'Black money'

'Who Is Footing Hotel Bills In Guwahati, Surat' Asks NCP; Urges IT Dept And ED To Find Source Of 'Black money'

Majority of Shiv Sena MLAs have shifted their loyalty to minister Eknath Shinde and are camping in Guwahati, plunging the Maha Vikas Aghadi (MVA) government...


13 May 2022
Panama Papers: ED Raids Four Locations In Madhya Pradesh, Goa, Seizes Rs 88.30 Lakh

Panama Papers: ED Raids Four Locations In Madhya Pradesh, Goa, Seizes Rs 88.30 Lakh

Rs 88.30 lakh in cash and 'incriminating documents' were recovered in raids on locations in MP and Goa linked to Sanjay Vijay Shinde.


09 February 2022
Railway Police Bust 'hawala' Racket In Mumbai; 1 Held, Rs 67.4 Lakh Seized

Railway Police Bust 'hawala' Racket In Mumbai; 1 Held, Rs 67.4 Lakh Seized

Khumaram was waiting on platform no.1 of the Dadar station to deliver the hawala money to someone, it said.


02 February 2022
Over 20 Lakh Notes Of Fake Indian Currency Seized From 2016-20

Over 20 Lakh Notes Of Fake Indian Currency Seized From 2016-20

Over 20 lakh fake Indian currency notes of different denominations were recovered in the country between 2016 and 2020, Rajya Sabha was informed on Wednesday. 


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08 November 2021
Demonetisation Catalysed Digital Payments, But Nobody Knows Its Impact On Black Money

Demonetisation Catalysed Digital Payments, But Nobody Knows Its Impact On Black Money

Five years post demonetisation, was PM Modi’s ‘masterstroke’ to curb the menace of black money a success?


08 November 2021
Five Years Of Demonetisation: Black Money On Rise Despite Digital Push

Five Years Of Demonetisation: Black Money On Rise Despite Digital Push

Five years after demonetisation, though cash usage has declined, it still prevails in property transactions, grocery purchase and payment for services, reveals...


06 October 2021
Anatomy Of Black Money: Will The Pandora Papers Tackle It

Anatomy Of Black Money: Will The Pandora Papers Tackle It

The latest expose under the Pandora list has names of prominent Indians like former cricketer Sachin Tendulkar, chairman and MD of Biocon, Mazumdar Shaw, and...


12 September 2021
India To Get Key Information About Wealth Stashed By Indians In Switzerland

India To Get Key Information About Wealth Stashed By Indians In Switzerland

Under information pact with Switzerland, India is set to get third set of Swiss bank details of Indians and their real estate assets in the country.


28 February 2021
Rs 220 Crore Black Income Detected As  IT Dept Raids Tamil Nadu Based Company

Rs 220 Crore Black Income Detected As IT Dept Raids Tamil Nadu Based Company

The action was carried out on February 26, which found that the transactions to the extent of 50 per cent were out of books


21 November 2019
Money Rains From Building In Kolkata As Revenue Officials Conduct Search

Money Rains From Building In Kolkata As Revenue Officials Conduct Search

Videos captured on mobile cameras showed excited people scampering to collect the notes on the street.


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27 May 2019
Create ‘Elephant Bond’ From ‘Undisclosed Income’: High-level Group To Modi 2.0

Create ‘Elephant Bond’ From ‘Undisclosed Income’: High-level Group To Modi 2.0

If the recommendation is accepted, it could be an effective tool to check the black money menace.


27 May 2019
11 Indians Get Notices As Switzerland Steps Up Process To Share Banking Info

11 Indians Get Notices As Switzerland Steps Up Process To Share Banking Info

Switzerland has begun sharing details for the last few years with several countries including India after submission of evidence about financial and...


17 May 2019
Government Refuses To Share Details On Switzerland Black Money Cases, Cites Confidentiality Clause

Government Refuses To Share Details On Switzerland Black Money Cases, Cites Confidentiality Clause

Replying to an RTI query, the Finance Ministry said India and Switzerland share information on black money on a case to case basis, as per the investigations...


14 May 2019
ED Moves HC To Cancel Gautam Khaitan’s Bail In Money Laundering Case

ED Moves HC To Cancel Gautam Khaitan’s Bail In Money Laundering Case

ED has alleged in its plea that Khaitan, also an accused in the AgustaWestland chopper scam, was still hiding his black money in overseas accounts


08 May 2019
Anatomy Of A Middle-Class Electorate: Neither Forward Nor Backward, Just Awkward

Anatomy Of A Middle-Class Electorate: Neither Forward Nor Backward, Just Awkward

The Indian middle class feels ­entitled to political opinion like no other social strata yet shies away from electoral action. Why?


08 April 2019
Electoral Bonds Legitimate, Transparent Method Of Political Funding: Arun Jaitley

Electoral Bonds Legitimate, Transparent Method Of Political Funding: Arun Jaitley

Finance Minister Arun Jaitley said the BJP preferred legitimate methods like crowd sourcing, cheque and electoral bonds over 'the old obsolete style' of...


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