black money
FATF red flags opioids fuelling global black money flows
December 2, 2022
In a new report, the Paris-based Financial Action Task Force, an international watchdog mandated to curb money laundering and other international financial crimes has said that organised crime has made fentanyl and other opioids as an easy way to not just expand their illicit bus...
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The curious case of new bank notes in India
August 31, 2017
The new INR 50 and INR 200 notes are rolled out to ease transactions says the Reserve Bank of India (RBI); will it really help the common man of India or is it more of a graphical publicity?
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Further restrictions on cash transactions in India
March 24, 2017
The Government of India has made it mandatory for every tax payer to quote Unique Identification Number, and has banned cash transaction above INR 200,000 in order to curb black money and reduce cash transactions.
Read MoreUnion Budget 2017: Measures to strengthen digital economy
February 2, 2017
In a bid to give a push to the digital economy of India and weed-out corruption and black money, Finance Minister Arun Jaitley made a number of announcements in his Budget 2017 presentation.
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Demonetisation hitting hard on Indian microfinance sector
December 23, 2016
Demonetisation has affected the debit-credit culture of the entire nation. Urban and rural poor of India are both suffering the heat, but in their own ways.
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Election Commission advocates monetary reforms for political parties
December 21, 2016
While a lot has gone on since discontinuing the high currency bills in India, the government is yet to take any measure on anonymous donations to political parties. Election Commission has now suggested a way forward by introducing cashless party funding.
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Revisions introduced in taxation laws in India
December 1, 2016
After the Indian government demonetised INR 500 and INR 1,000 currency bills last month to grapple with the circulation of black money in the country, people in India found new ways to hide their undeclared earnings. Thus, in the wake of demonetisation and corruption, the governm...
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Demonetisation: Drive against devils or cashtration of Indian economy?
November 28, 2016
A coin has two sides, and so does the Indian premier, Narendra Modi’s announcement to demonetise overnight the high-value currency notes of INR 500 and INR 1,000 on a national telecast on 8 November, 2016. Why did Narendra Modi take this bold decision without elaborate consulta...
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Demonetisation of currency bills causes chaos within India and beyond
November 11, 2016
The sudden announcement by Indian Prime Minister Narendra Modi on the new measure of demonetisation to deal with black money and fake currency bills has left the country divided.
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India debates on abolition of old high currency notes
November 10, 2016
The announcement of vacuum-cleaning 500 and 1000 Rupee bills by Indian Prime Minister Narendra Modi sent ripples across the country; the decision evidently aims to curb black money, corruption, peddling of fake currencies and the sovereignty of India coming under anti-nationalist...
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India and Switzerland ink strategic agreements
October 6, 2016
India and Switzerland aim at exchanging support on migration issues and information on evaded tax related to black money as ministers of both the countries meet at New Delhi.
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Cashless economy in India
June 6, 2016
While India strives to control the flow of black money and reinstate transparency, a cashless economy seems to be part of the solution. Can India’s impoverished infrastructure match the standards of European economies such as Sweden where 98 pc of all transactions made last yea...
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