New Delhi, March 17 (IANS) Giving concrete shape to the announcement on recovering black money stashed away abroad by Finance Minister Arun Jaitley in his budget last month, the union cabinet on Tuesday approved a new law to track the hidden wealth.
Finance ministry sources told IANS that the union cabinet on Tuesday approved the Foriegn Income and Undisclosed Assets (Imposition of New Tax) Bill, 2015, for tabling in the Lok Sabha.
"On black money, a new structure including e-filing and tracking down is our abiding commitment," Jaitley had said in his first full budget speech on February 28.
He said a "comprehensive new law to track black money" would be framed and there will be rigorous imprisonment of 10 years under the black money law.
The finance minister said a 'benami' (proxy) property transaction bill will be brought to tackle black money transactions in real estate.
Road accidents are a major reason for untimely deaths in cities. To reduce these deaths, many cou
Earthquake: Earth shook from Kabul to Delhi, 622 people feared dead due to earthquake
The earthquake has caused massive destruction in Afghanistan. Strong tremors were felt late at ni
Railways have laid off 177 employees in the last 16 months. According to the news agency PTI, off
Important decisions were taken in the cabinet meeting held at the state secretariat on Monday und
Vice President Jagdeep Dhankhar on Friday flagged off the 'Har Ghar Tiranga' bike rally from Prag
The Central Reserve Police Force (CRPF) has submitted its reply to the Ministry of Home Affairs i
The Online Gaming Promotion and Regulation Bill, 2025, has now become a law after the President's
What will be the effect on India if Russia attacks Ukraine?
Germany's Navy chief Kai Achen Sonber had to resign last week due to a statement made at the Mano
Tomorrow, ie May 1, 2021, the third phase of vaccination will begin. During this period, people a
There has been a big decline in the cases of Coronavirus (Covid 19 Cases in India) in the country
