The ED in its status report said investigation was in progress regarding the involvement of five foreign companies in the 2G scam which are registered in Virgin Island.
ED told the SC that multi-crore foreign transactions relating to the 2G spectrum scam have been traced to at least six countries.
The Central Bureau of Investigation will file its final chargesheet on Rs 14,000-crore (Rs 140 billion) Satyam fraud after receiving responses to the Letters of Rogatory (LoR) seeking information in this regard from six countries, Parliament was informed on Thursday.
Amid raging debate on Indians having black money in overseas tax havens, these statistics show that more nations, especially tax havens, are willing to share details on tax-related issues.
The government may have to wait a little longer to get a trail of illegal money stashed by Indians in Liechtenstein.
Under fire over allegations of foreign exchange violations in IPL, BCCI's top officials o Wednesday blamed sacked Commissioner Lalit Modi for "mistakes" as they told a Parliamentary panel that they had given approvals at his behest in "good faith".
Inside the governors' reception hosted by Indian Ambassador to the US Navtej Sarna -- a first in more than 15 years.
Let's take a look at the fabulous life of the flamboyant business magnate who recently turned 63.
"We're absolutely delighted as a company to launch the Diwali card for Indian American this year," says Alpesh Chokshi, president, global prepaid business, adding that this is the first such effort the company is making to address the needs of the Indian community in the US
India signed a Tax Information Exchange Agreement with Bermuda on Thursday, the first in a series of such pacts.
Foreign contingents continued to drop in with nearly 1100 athletes, officials and technical staff from different nations arriving on Sunday for the October 3-14 Commonwealth Games.
The country's outward FDI showed a bigger decline of 52.7 per cent for the January-March quarter.
The court had earlier asked Raju's lawyers to file an affidavit on whether the Satyam founder can be examined through a questionnaire.
"We have acquired Shadeed Iron & Steel (Shadeed) which has 1.5 MT Hot Briquetted Iron (HBI) facility located in Sohar, Oman. The deal is closed," JSPL Director Sushil Maroo told PTI.
Accusing the ruling Bharatiya Janata Party of having "reaped benefits" of communal polarisation in the Lok Sabha elections, the Congress on Wednesday said the government should now focus on good governance and deliver on promises.
The Panama Paper leaks were originally revealed by the International Consortium of Investigative Journalists on April 4, 2016, following which, the government had set up the MAG to probe the matter.
Beginning May 1, the airline will do away with free blankets and would charge $8 for a set of blanket and pillow.
With over 550 islands dotting the strategically located spot in the Bay of Bengal with near 500 of them still uninhabited, the Andaman and Nicobar Islands provide the Indian armed forces the ideal landscape to train its troops on amphibious warfare, which entails landing on the beaches of the enemy territory and taking the gun fight right into the mainland.
The CBI counsel argued that if Raju and Srinivas were permitted to operate laptops they could get access through wireless internet to anybody and destroy the evidence of prosecution.
Top officials of the Central Bureau of Investigation are in Mauritius as part of the investigation into the multi-crore Satyam scam, which its founder B Ramalinga Raju confessed to in January.
The best way of judging currencies is by finding out how they are performing at the foreign exchange market.
Mauritius, country from where large amounts of investments are routed to India, figures among the nations that have substantially implemented tax standards. Among the countries that have committed themselves to the internationally agreed tax standards but have not yet implemented them are Singapore, Switzerland, Bahamas, Bermuda, British Virgin Islands, and Cayman islands.
Upaid claimed it had served requests for production of documents related to the 'now scuttled Maytas transfers on Satyam' on Friday, but now had to submit this motion to the court 'because Satyam had repeatedly resisted its efforts to depose Raju and Vadlamani in the case.' The current motion is in reply to a disparagement case that Satyam had filed against Upaid wherein the former had claimed that the payment services firm has been disparaging them in the public domain.
On July 1, 2021, Britain's Princess Diana would have turned 60 and two decades after her tragic death in a car accident near the end of summer 1997, she still holds an exalted place on the altar of the most admired people in the world, her status secure as a style icon -- as is her legacy of having forever changed the British monarchy.
It is strange that the wealthy evade taxes even though the marginal utility of the money saved amounts to little and tax rates in countries, including India, have dropped
FIPB rejects proposals from firms that have not divulged details of beneficial ownership or source of funding
It is one piece of document that you should have alongside your travel tickets.
Britain has become the biggest foreign investor in India with an investment of 560 million, according to a report on investment flows by the Commonwealth Business Council (CBC).
The company will also make a $500 million (Rs 2,000 crore) investment through the acquired company in the next 2-3 years to build and acquire WiMax networks across 50 countries. Worldwide interoperability for microwave access or WiMax is a telecommunications technology that provides wireless data over long distances through various mediums. This is the third acquisition by the company as it had acquired US-based ethernet services provider Yipes Holdings for $300 million.
Global investment is agnostic when it comes to nationalism, says Kanika Datta.
Most investments by Indian corporate houses in the overseas market is through countries that have either low tax rates or allow tax-free remittance of income. Much of the outward foreign direct investment (FDI) by India Inc done between April and December 2007 was directed to Singapore, the Netherlands and British Virgin Islands (BVI), according to the latest Reserve Bank of India data. RBI said the actual outward FDI in April-December 2007 grew 13 per cent at $10.11 billion.
A leak of 11.5 million tax documents has revealed how the rich and powerful use tax havens to hide their wealth.
Grenada smashed US Virgin Islands 10-0 while Suriname trounced Montserrat 7-1 in the CONCACAF preliminary round football World Cup qualifiers. Elsewhere, Antigua beat Aruba 1-0 despite having three players sent off and missing a penalty while Belize held out for a 1-1 draw away to St Kitts & Nevis to earn a prestigious tie against Mexico.
The approval given to UBS earlier was kept on hold till it completed certain transactions. Now that the bank has completed them, it can start a branch, RBI deputy governor Leeladhar told reporters on the sidelines of a function organised by the Union Bank of India.
The win capped an amazing weekend for the first-time senator.
Facebook has obviously designed workplace networking in to its offering. The question is can this become something more useful for organisations?
Mali Richards, son of former West Indies' captain Viv, was given the opportunity to live his dream on Thursday and play for West Indies after an injury crisis depleted their squad.
Caribbean legend Viv Richards's son Mali, an all-rounder, has joined the West Indies team as temporary cover for Thursday's warm-up match against England 'A'.
Other London properties, aircraft & offshore accounts are yet to catch the attention of regulators.
India has a double-taxation avoidance pact with Singapore and more than 85 countries.
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