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Tuesday, May 17, 2022
Outlook.com
Outlook.com

Tax Havens and Banks

Indian Banks Reclaimed Rs.13,100 Crores From Assets Sale of Fugitives

Dec 20, 2021 Outlook Web Desk

Responding to various issues, including price rise, raised by the Opposition during the debate, the Finance minister said the government is taking measures to cool down prices of edible oil and other essential commodities.

India Gets Third List Of Its Nationals Having Swiss Bank Account

Oct 11, 2021 Saptaparno Ghosh

This was the third such exchange between the Swiss body and India under the framework of the global standard on the automatic exchange of information (AEOI).


EXPLAINER: How Global Deal Stems Corporate Use Of Tax Havens

The sweeping agreement was struck Friday among 136 countries after talks overseen by the Organization for Economic Cooperation and Development.

'Pandora Papers' Reveal London Key Destination For World's Elite To Conceal Their Cash

Oct 05, 2021 Associated Press (AP)

The leaked financial data, dubbed the 'Pandora Papers', was published Sunday by the International Consortium of Investigative Journalists and its media partners, including Britain's Guardian newspaper and the BBC.


Seven Of Top-10 Firms Add Rs 75,845 Crore Market Valuation; HDFC Twins Top Gainers

While Reliance Industries Limited (RIL), Hindustan Unilever Limited and Bharti Airtel saw erosion in their market valuation.

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17 June, 2019

Tax Evaders Beware! No Escape By Just Paying Penalty From Today

Outlook Web Bureau

A person or entity would not be able to settle a case of tax evasion by just paying the tax demand, penalty and interest as per the new guidelines that kick in from June 17, 2019 and apply to all cases for compounding received on or after this date.


27 May, 2019

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

Outlook Web Bureau

Switzerland has begun sharing details for the last few years with several countries including India after submission of evidence about financial and tax-related wrongdoings of the clients of Swiss banks.


30 December, 2018

SBI Customer? Your Credit And Debit Card Might Not Work After December 31, Here's Why

Satata Karmakar

The Reserve Bank had instructed to replace magnetic strip cards with EMV cards in 2015 due to widespread fraud.


26 December, 2018

Second Time In A Week, 10 Lakh Bank Employees Go On Nationwide Strike

Outlook Web Bureau

This is the second time in a week when bank employees have called for a nationwide strike.


18 December, 2018

Cabinet Gives Nod To Make Aadhaar Voluntary For Mobile Numbers, Bank Accounts

Outlook Web Bureau

The proposed amendment allows banks and phone companies to seed Aadhaar number with bank accounts and mobile phone numbers.


18 October, 2018

Biggest Tax Fraud In European History Drains 55 Billion Euros From Banks: Report

Outlook Web Bureau

European banks drain 55 billion euros from national treasuries due to a massive years-long tax scam.


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01 September, 2018

PM Modi Launches India’s Largest Payments Bank, Here's All You Need To Know

Outlook Web Bureau

It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.


07 August, 2018

Govt Withdraws FRDI Bill From Lok Sabha A Year After It Was Introduced

Outlook Web Bureau

The stakeholders, including the public, have raised apprehensions relating to the provisions of the FRDI Bill like the use of bail-in instrument to resolve a failing bank.


05 August, 2018

President Gives Nod To Bill To Deter Fugitive Economic Offenders From Fleeing Country

Outlook Web Bureau

The new legislation will prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country and evading the law.


06 July, 2018

Bank Of India's Retired GM, DGM Arrested By CBI In Rs 2654-Crore Fraud Case

Outlook Web Bureau

The promoters of the company were arrested in April this year.


06 July, 2018

Banks Recover Rs 963 Crore From Auction Of Mallya's Assets After UK Court Gives Nod To Seize Properties

Outlook Web Bureau

Recently, a UK High Court judge has issued an enforcement order in favour of a consortium of 13 Indian banks, seeking to recover funds owed to them by the beleaguered liquor baron.



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27 May, 2018

Had Supported Demonetisation, But People Didn't Benefit Enough From It, Says Bihar CM Nitish Kumar

Outlook Web Bureau

"Because of the role played by banks, people could not be benefited to the extent they should have. People deposited huge amounts in scrapped currency and the money was laundered."


Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan
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