BENAMI TRANSACTIONS INSURANCE
Insurance agents got extra Rs 25,000 crore via benami companies: I-T Dept
Notices under Benami Transactions (Prohibition) Amendment Act, 2016, have been sent to insurance agents. They have\ been told to share info on their money transactions with the intermediaries. The benami amount is estimated to be in excess of Rs 25,000 crore.
Insurers' intermediaries get I-T notices under benami law over alleged fund routing violations
Over the past one week, some companies acting as agents and marketing intermediaries of insurance companies have received notices under the Benami Transactions (Prohibition) Amendment Act, 2016, for allegedly routing funds to sidestep regulations.
Indian Real Estate poised for growth with access to untapped domestic institutional capital
The Indian real estate sector is experiencing a shift as domestic capital gains prominence while foreign funds exercise caution. A report by JLL reveals that there is approximately $41 billion of untapped domestic institutional capital, which is expected to drive sector growth.
Demonetisation: A boon or bane for the Indian economy?
What benefit has the demonetisation reaped when 99% of the currency in circulation has come back to the system? This clearly shows, no black money was confiscated, critics said.
Aadhaar mandatory for opening bank account, financial transactions of Rs 50,000 and above
All existing account holders asked to submit Aadhaar to banks by December 31, failing which accounts will become invalid.
need2know: Six macro triggers that may matter for market today
Faster economic growth and reforms make India a good macroeconomic story and this, coupled with the stable credit profile, is good for foreign currency bonds by Indian issuers
need2know: Seven macro cues before you start trading
Here's a look at seven macro triggers that are likely to impact market today
Ten common mistakes that can fetch you a tax notice
Some of these mistakes are merely calculation errors that will result in a tax demand. But some others are serious transgressions that can invite fines.
See Sensex down to 25,500; relief rally won't last as economy weakening : Saurabh Mukherjea, Ambit Capital
The two big negatives which are becoming large and worrisome are the broad-based real estate correction and the extreme rural distress.
Seven ways to escape tax legally
With the government cracking down on benami properties, find out how you can invest for family members and stay on the right side of the law.
Cabinet clears bill to check benami transactions aimed at curbing domestic black money
Apart from confiscation, the Bill provides for prosecution and aims to act as a major avenue for blocking generation and holding of black money.
Corporate tax to be cut by 5 pc in 4 yrs; no change for individuals
To provide power to all, Government proposes to set up five new ultra mega power projects each of 4000 MWs in the plug-and-play mode.
Snoopgate: Supreme Court adjourns hearing on Pradeep Sharma's plea till August
The apex court, which had on January 17 rejected Sharma's plea from going abroad, dismissed a similar application which has been pending before it.
Foreign accounts are no gold mine
While large amounts of black money do leave India, they probably also round-trip back to India, to reap the riches of a fast-growing economy.
Narendra Modi’s diktat that seniors shouldn’t hog all administrative responsibilities accepted in letter & spirit
First-time MP from Arunachal Pradesh has been entrusted with 71 administrative subjects from lotteries and ‘top secret seals’ to the Census Office by Rajnath Singh.
Means to empower common man: Protect him from bribery demands
We may shortly see revival of efforts to tackle corruption. Unfortunately, we the common people are also entangled in this corruption mesh.
ED registers money laundering case in Madhya Pradesh recruitment scam
The central probe agency has named former state Higher Education Minister Laxmikant Sharma and 27 others in its Enforcement Case Information Report.
Adarsh scam: PIL seeking to invoke charges in MRTP, Environment Act refused
HC refused to hear a public interest litigation filed by Shiv Sena leader seeking to invoke additional charges under Maharashtra Regional Town Planning Act.
Wait till CBI probe is over: High Court to activists in Adarsh case
"The commission in its report has named several bureaucrats and ministers for alleged favouritism towards the society. CBI should look into these aspects."
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