Free Press Journal
  • ‘Current laws inadequate to check abuse of money in polls’

     New Delhi : Chief Election Commissioner (CEC) O P Rawat said Saturday the present set of laws are “inadequate” to tackle the menace of black money in elections, and noted that Cambridge Analytica like “machinations” of data theft, data harvesting and fake news pose a potent threat to the electoral process in the country.

  • editorial, R N Bhaskar, RBI, crucial chinks, Reserve Bank Of India, Demonetisation, digital payments

    RBI exposes biggest flop show ever

    An 8 year old girl dies in Uttar Pradesh’s Mahua village after being allegedly deprived of timely medical attention after demonetisation in November 2016 as her family had only old notes and had no time for exchange. On November 10, 2016, Teerthraji, 60 died in Gorakhpur after she collapsed in front of a closed gate of a bank. Vishwanath Vartak, 73 collapsed and died on the spot after having waited in a

  • Unlisted firms will have to issue shares in demat form

    New Delhi : The government will soon make it mandatory for unlisted companies to issue new shares only in the dematerialised form, senior officials said, amid intensified efforts to fight the black money menace.

  • India, Switzerland discuss information sharing on black money

    New Delhi: India and Switzerland today discussed the activation of automatic exchange of information relating to black money stashed by Indians in secret accounts in Swiss banks.  The issue figured prominently during talks between External Affairs Minister Sushma Swaraj and her Swiss counterpart Ignazio Cassis here, officials said.

  • Money stashed in Swiss banks hasn’t come back

    Two contradictory reports are available regarding the money held by Indian citizens in Swiss banks. The amount declined by 80 per cent between 2014, when Modi Government came to power, and 2017. The months are not clear, so let us assume that these figures relate to calendar years and this decline took place between January 2014 and December 2016. In 2017, that is, between January and December 2017, the deposits increased by

  • No claimants for Rs 300 crore lying in India-linked dormant Swiss bank accounts

    Zurich/New Delhi: It is the third year since Swiss banks made public a list of accounts lying dormant without any trace of owners and no claimant has come forward for those with Indian links, even as a political slugfest continues in India over alleged black money parked there.

  • No claimants for `300 cr lying dormant in Swiss banks

    New Delhi : It is the third year since Swiss banks made public a list of accounts lying dormant without any trace of owners and no claimant has come forward for those with Indian links, even as a political slugfest continues in India over alleged black money parked there.

  • India, Swiss banks and black money

    Last week, the political climate was charged with accusations that the government had actually begun encouraging the promotion of black money. Prima facie, the charges seemed to have some merit in them. Swiss bank deposits from India had swelled by 50%, one of the largest increases in recent times (see chart). But the accusation was a bit uncharitable. For three specific reasons.

  • Definition for shell firms likely soon

    New Delhi : The government will “very soon” come out with a definition for shell companies, Union Minister PP Chaudhary said on Sunday amid the crackdown on entities indulging in financial irregularities.

  • ‘Delhi: I-T raids on farm house, land developers unearth Rs 215cr black money ‘

    New Delhi: The Income Tax Department (ITD) has unearthed black money of over Rs 215 crore after it conducted multiple raids over the weekend against two real estate groups who were selling land and farm houses on the Yamuna plains to high-end investors in the national capital, officials said today. Sleuths of the Delhi investigation wing of the department searched and surveyed a total of 33 premises of the two property developers,

  • mumbai, finance company, economic offences wing, EOW, M/s Fortune Integrated Asset Finance Limited, loans

    Ex-Delhi Congress MLA routed Rs 8 cr black money post DeMo: ED

    New Delhi: A former Congress MLA allegedly routed and laundered black money to the tune of over Rs 8 crore post demonetisation as part of his purported nexus with Delhi-based lawyer Rohit Tandon and others, an ED investigation has found.