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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f08efaac278-trace').style.display = (document.getElementById('cakeErr67f08efaac278-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f08efaac278-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f08efaac278-code').style.display = (document.getElementById('cakeErr67f08efaac278-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f08efaac278-context').style.display = (document.getElementById('cakeErr67f08efaac278-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f08efaac278-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
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-The Hindustan Times<br />
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From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. <br />
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The white paper does not, however, disclose names of persons suspected to have stashed away huge amounts in secret overseas bank accounts. But it does make a strong pitch for setting up of anti-graft bodies --lokpal and lokayuktas.<br />
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The paper says deposits of Indians in Swiss banks decreased from Rs. 23,373 crore in 2006 to Rs. 9,295 crore in 2010.<br />
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The paper describes how deals thrive outside the financial system in a bustling cash economy that evades taxes by creating a web of transactions to obscure the sources of slush funds. <br />
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&ldquo;The government can also deliberate on providing tax incentives for use of credit or debit cards as practised in (South) Korea,&rdquo; the paper says.<br />
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Rejecting the white paper, BJP patriarch LK Advani said, &ldquo;The government not only failed to say who are the people who held these accounts but also what concrete steps were taken to bring the money back. I am disappointed.&rdquo;<br />
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The paper hints that the government does not favour tax immunity schemes to encourage people to disclose money stashed in overseas accounts or locked up in gold.<br />
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At present, there are no legal restrictions to keeping very large amounts of cash or transporting it from one place to another. One is also not required to report it nor provide any explanation for it.<br />
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From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. <br />
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<br />
The paper says deposits of Indians in Swiss banks decreased from Rs. 23,373 crore in 2006 to Rs. 9,295 crore in 2010.<br />
<br />
The paper describes how deals thrive outside the financial system in a bustling cash economy that evades taxes by creating a web of transactions to obscure the sources of slush funds. <br />
<br />
It does not give an official estimate of the size of India&rsquo;s black economy, but favours tax incentives to use credit and debit cards for small day-to-day purchases to curb cash transactions. <br />
<br />
&ldquo;The government can also deliberate on providing tax incentives for use of credit or debit cards as practised in (South) Korea,&rdquo; the paper says.<br />
<br />
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<br />
The paper hints that the government does not favour tax immunity schemes to encourage people to disclose money stashed in overseas accounts or locked up in gold.<br />
<br />
At present, there are no legal restrictions to keeping very large amounts of cash or transporting it from one place to another. One is also not required to report it nor provide any explanation for it.<br />
<br />
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Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
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Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/property-deals-dubious-donations-under-scanner-15273.html"/>
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-The Hindustan Times
From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The..."/>
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<strong>Property deals, dubious donations under scanner</strong></h1>
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<div align="justify">-The Hindustan Times<br /><br />From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. <br /><br />The white paper does not, however, disclose names of persons suspected to have stashed away huge amounts in secret overseas bank accounts. But it does make a strong pitch for setting up of anti-graft bodies --lokpal and lokayuktas.<br /><br />The paper says deposits of Indians in Swiss banks decreased from Rs. 23,373 crore in 2006 to Rs. 9,295 crore in 2010.<br /><br />The paper describes how deals thrive outside the financial system in a bustling cash economy that evades taxes by creating a web of transactions to obscure the sources of slush funds. <br /><br />It does not give an official estimate of the size of India’s black economy, but favours tax incentives to use credit and debit cards for small day-to-day purchases to curb cash transactions. <br /><br />“The government can also deliberate on providing tax incentives for use of credit or debit cards as practised in (South) Korea,” the paper says.<br /><br />Rejecting the white paper, BJP patriarch LK Advani said, “The government not only failed to say who are the people who held these accounts but also what concrete steps were taken to bring the money back. I am disappointed.”<br /><br />The paper hints that the government does not favour tax immunity schemes to encourage people to disclose money stashed in overseas accounts or locked up in gold.<br /><br />At present, there are no legal restrictions to keeping very large amounts of cash or transporting it from one place to another. One is also not required to report it nor provide any explanation for it.<br /><br />There have been suggestions that the government should enact laws to regulate the possession and transportation of cash above a particular threshold limit.<br /><br />“Such laws need a broader political consensus to emerge for their acceptance in Parliament,” it says.</div> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f08efaac278-trace').style.display = (document.getElementById('cakeErr67f08efaac278-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f08efaac278-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f08efaac278-code').style.display = (document.getElementById('cakeErr67f08efaac278-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f08efaac278-context').style.display = (document.getElementById('cakeErr67f08efaac278-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f08efaac278-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
</span></span></code></pre><pre id="cakeErr67f08efaac278-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
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-The Hindustan Times<br />
<br />
From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. <br />
<br />
The white paper does not, however, disclose names of persons suspected to have stashed away huge amounts in secret overseas bank accounts. But it does make a strong pitch for setting up of anti-graft bodies --lokpal and lokayuktas.<br />
<br />
The paper says deposits of Indians in Swiss banks decreased from Rs. 23,373 crore in 2006 to Rs. 9,295 crore in 2010.<br />
<br />
The paper describes how deals thrive outside the financial system in a bustling cash economy that evades taxes by creating a web of transactions to obscure the sources of slush funds. <br />
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It does not give an official estimate of the size of India&rsquo;s black economy, but favours tax incentives to use credit and debit cards for small day-to-day purchases to curb cash transactions. <br />
<br />
&ldquo;The government can also deliberate on providing tax incentives for use of credit or debit cards as practised in (South) Korea,&rdquo; the paper says.<br />
<br />
Rejecting the white paper, BJP patriarch LK Advani said, &ldquo;The government not only failed to say who are the people who held these accounts but also what concrete steps were taken to bring the money back. I am disappointed.&rdquo;<br />
<br />
The paper hints that the government does not favour tax immunity schemes to encourage people to disclose money stashed in overseas accounts or locked up in gold.<br />
<br />
At present, there are no legal restrictions to keeping very large amounts of cash or transporting it from one place to another. One is also not required to report it nor provide any explanation for it.<br />
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There have been suggestions that the government should enact laws to regulate the possession and transportation of cash above a particular threshold limit.<br />
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&ldquo;Such laws need a broader political consensus to emerge for their acceptance in Parliament,&rdquo; it says.
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<br />
From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. <br />
<br />
The white paper does not, however, disclose names of persons suspected to have stashed away huge amounts in secret overseas bank accounts. But it does make a strong pitch for setting up of anti-graft bodies --lokpal and lokayuktas.<br />
<br />
The paper says deposits of Indians in Swiss banks decreased from Rs. 23,373 crore in 2006 to Rs. 9,295 crore in 2010.<br />
<br />
The paper describes how deals thrive outside the financial system in a bustling cash economy that evades taxes by creating a web of transactions to obscure the sources of slush funds. <br />
<br />
It does not give an official estimate of the size of India&rsquo;s black economy, but favours tax incentives to use credit and debit cards for small day-to-day purchases to curb cash transactions. <br />
<br />
&ldquo;The government can also deliberate on providing tax incentives for use of credit or debit cards as practised in (South) Korea,&rdquo; the paper says.<br />
<br />
Rejecting the white paper, BJP patriarch LK Advani said, &ldquo;The government not only failed to say who are the people who held these accounts but also what concrete steps were taken to bring the money back. I am disappointed.&rdquo;<br />
<br />
The paper hints that the government does not favour tax immunity schemes to encourage people to disclose money stashed in overseas accounts or locked up in gold.<br />
<br />
At present, there are no legal restrictions to keeping very large amounts of cash or transporting it from one place to another. One is also not required to report it nor provide any explanation for it.<br />
<br />
There have been suggestions that the government should enact laws to regulate the possession and transportation of cash above a particular threshold limit.<br />
<br />
&ldquo;Such laws need a broader political consensus to emerge for their acceptance in Parliament,&rdquo; it says.
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From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The...'
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$lang = 'English'
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$adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/property-deals-dubious-donations-under-scanner-15273.html"/>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
<link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
media="all"/>
<title>LATEST NEWS UPDATES | Property deals, dubious donations under scanner | Im4change.org</title>
<meta name="description" content="
-The Hindustan Times
From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The..."/>
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var pic_real_width, pic_real_height;
$("<img/>") // Make in memory copy of image to avoid css issues
.attr("src", $(img).attr("src"))
.load(function () {
pic_real_width = this.width; // Note: $(this).width() will not
pic_real_height = this.height; // work for in memory images.
});
});
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<td class="top_bg">
<div class="divFooter">
<img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
</div>
</td>
</tr>
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<td id="topspace"> </td>
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<tr id="topspace">
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<h1 class="news_headlines" style="font-style:normal">
<strong>Property deals, dubious donations under scanner</strong></h1>
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<div align="justify">-The Hindustan Times<br /><br />From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. <br /><br />The white paper does not, however, disclose names of persons suspected to have stashed away huge amounts in secret overseas bank accounts. But it does make a strong pitch for setting up of anti-graft bodies --lokpal and lokayuktas.<br /><br />The paper says deposits of Indians in Swiss banks decreased from Rs. 23,373 crore in 2006 to Rs. 9,295 crore in 2010.<br /><br />The paper describes how deals thrive outside the financial system in a bustling cash economy that evades taxes by creating a web of transactions to obscure the sources of slush funds. <br /><br />It does not give an official estimate of the size of India’s black economy, but favours tax incentives to use credit and debit cards for small day-to-day purchases to curb cash transactions. <br /><br />“The government can also deliberate on providing tax incentives for use of credit or debit cards as practised in (South) Korea,” the paper says.<br /><br />Rejecting the white paper, BJP patriarch LK Advani said, “The government not only failed to say who are the people who held these accounts but also what concrete steps were taken to bring the money back. I am disappointed.”<br /><br />The paper hints that the government does not favour tax immunity schemes to encourage people to disclose money stashed in overseas accounts or locked up in gold.<br /><br />At present, there are no legal restrictions to keeping very large amounts of cash or transporting it from one place to another. One is also not required to report it nor provide any explanation for it.<br /><br />There have been suggestions that the government should enact laws to regulate the possession and transportation of cash above a particular threshold limit.<br /><br />“Such laws need a broader political consensus to emerge for their acceptance in Parliament,” it says.</div> </font>
</td>
</tr>
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<form><input type="button" value=" Print this page "
onclick="window.print();return false;"/></form>
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header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
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'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
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<html xmlns="http://www.w3.org/1999/xhtml">
<head>
<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f08efaac278-trace').style.display = (document.getElementById('cakeErr67f08efaac278-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f08efaac278-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f08efaac278-code').style.display = (document.getElementById('cakeErr67f08efaac278-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f08efaac278-context').style.display = (document.getElementById('cakeErr67f08efaac278-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f08efaac278-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
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-The Hindustan Times<br />
<br />
From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. <br />
<br />
The white paper does not, however, disclose names of persons suspected to have stashed away huge amounts in secret overseas bank accounts. But it does make a strong pitch for setting up of anti-graft bodies --lokpal and lokayuktas.<br />
<br />
The paper says deposits of Indians in Swiss banks decreased from Rs. 23,373 crore in 2006 to Rs. 9,295 crore in 2010.<br />
<br />
The paper describes how deals thrive outside the financial system in a bustling cash economy that evades taxes by creating a web of transactions to obscure the sources of slush funds. <br />
<br />
It does not give an official estimate of the size of India&rsquo;s black economy, but favours tax incentives to use credit and debit cards for small day-to-day purchases to curb cash transactions. <br />
<br />
&ldquo;The government can also deliberate on providing tax incentives for use of credit or debit cards as practised in (South) Korea,&rdquo; the paper says.<br />
<br />
Rejecting the white paper, BJP patriarch LK Advani said, &ldquo;The government not only failed to say who are the people who held these accounts but also what concrete steps were taken to bring the money back. I am disappointed.&rdquo;<br />
<br />
The paper hints that the government does not favour tax immunity schemes to encourage people to disclose money stashed in overseas accounts or locked up in gold.<br />
<br />
At present, there are no legal restrictions to keeping very large amounts of cash or transporting it from one place to another. One is also not required to report it nor provide any explanation for it.<br />
<br />
There have been suggestions that the government should enact laws to regulate the possession and transportation of cash above a particular threshold limit.<br />
<br />
&ldquo;Such laws need a broader political consensus to emerge for their acceptance in Parliament,&rdquo; it says.
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<br />
From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. <br />
<br />
The white paper does not, however, disclose names of persons suspected to have stashed away huge amounts in secret overseas bank accounts. But it does make a strong pitch for setting up of anti-graft bodies --lokpal and lokayuktas.<br />
<br />
The paper says deposits of Indians in Swiss banks decreased from Rs. 23,373 crore in 2006 to Rs. 9,295 crore in 2010.<br />
<br />
The paper describes how deals thrive outside the financial system in a bustling cash economy that evades taxes by creating a web of transactions to obscure the sources of slush funds. <br />
<br />
It does not give an official estimate of the size of India&rsquo;s black economy, but favours tax incentives to use credit and debit cards for small day-to-day purchases to curb cash transactions. <br />
<br />
&ldquo;The government can also deliberate on providing tax incentives for use of credit or debit cards as practised in (South) Korea,&rdquo; the paper says.<br />
<br />
Rejecting the white paper, BJP patriarch LK Advani said, &ldquo;The government not only failed to say who are the people who held these accounts but also what concrete steps were taken to bring the money back. I am disappointed.&rdquo;<br />
<br />
The paper hints that the government does not favour tax immunity schemes to encourage people to disclose money stashed in overseas accounts or locked up in gold.<br />
<br />
At present, there are no legal restrictions to keeping very large amounts of cash or transporting it from one place to another. One is also not required to report it nor provide any explanation for it.<br />
<br />
There have been suggestions that the government should enact laws to regulate the possession and transportation of cash above a particular threshold limit.<br />
<br />
&ldquo;Such laws need a broader political consensus to emerge for their acceptance in Parliament,&rdquo; it says.
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-The Hindustan Times
From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The..."/>
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<strong>Property deals, dubious donations under scanner</strong></h1>
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<div align="justify">-The Hindustan Times<br /><br />From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. <br /><br />The white paper does not, however, disclose names of persons suspected to have stashed away huge amounts in secret overseas bank accounts. But it does make a strong pitch for setting up of anti-graft bodies --lokpal and lokayuktas.<br /><br />The paper says deposits of Indians in Swiss banks decreased from Rs. 23,373 crore in 2006 to Rs. 9,295 crore in 2010.<br /><br />The paper describes how deals thrive outside the financial system in a bustling cash economy that evades taxes by creating a web of transactions to obscure the sources of slush funds. <br /><br />It does not give an official estimate of the size of India’s black economy, but favours tax incentives to use credit and debit cards for small day-to-day purchases to curb cash transactions. <br /><br />“The government can also deliberate on providing tax incentives for use of credit or debit cards as practised in (South) Korea,” the paper says.<br /><br />Rejecting the white paper, BJP patriarch LK Advani said, “The government not only failed to say who are the people who held these accounts but also what concrete steps were taken to bring the money back. I am disappointed.”<br /><br />The paper hints that the government does not favour tax immunity schemes to encourage people to disclose money stashed in overseas accounts or locked up in gold.<br /><br />At present, there are no legal restrictions to keeping very large amounts of cash or transporting it from one place to another. One is also not required to report it nor provide any explanation for it.<br /><br />There have been suggestions that the government should enact laws to regulate the possession and transportation of cash above a particular threshold limit.<br /><br />“Such laws need a broader political consensus to emerge for their acceptance in Parliament,” it says.</div> </font>
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-The Hindustan Times<br />
<br />
From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. <br />
<br />
The white paper does not, however, disclose names of persons suspected to have stashed away huge amounts in secret overseas bank accounts. But it does make a strong pitch for setting up of anti-graft bodies --lokpal and lokayuktas.<br />
<br />
The paper says deposits of Indians in Swiss banks decreased from Rs. 23,373 crore in 2006 to Rs. 9,295 crore in 2010.<br />
<br />
The paper describes how deals thrive outside the financial system in a bustling cash economy that evades taxes by creating a web of transactions to obscure the sources of slush funds. <br />
<br />
It does not give an official estimate of the size of India’s black economy, but favours tax incentives to use credit and debit cards for small day-to-day purchases to curb cash transactions. <br />
<br />
“The government can also deliberate on providing tax incentives for use of credit or debit cards as practised in (South) Korea,” the paper says.<br />
<br />
Rejecting the white paper, BJP patriarch LK Advani said, “The government not only failed to say who are the people who held these accounts but also what concrete steps were taken to bring the money back. I am disappointed.”<br />
<br />
The paper hints that the government does not favour tax immunity schemes to encourage people to disclose money stashed in overseas accounts or locked up in gold.<br />
<br />
At present, there are no legal restrictions to keeping very large amounts of cash or transporting it from one place to another. One is also not required to report it nor provide any explanation for it.<br />
<br />
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<br />
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'title' => 'Property deals, dubious donations under scanner',
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-The Hindustan Times<br />
<br />
From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. <br />
<br />
The white paper does not, however, disclose names of persons suspected to have stashed away huge amounts in secret overseas bank accounts. But it does make a strong pitch for setting up of anti-graft bodies --lokpal and lokayuktas.<br />
<br />
The paper says deposits of Indians in Swiss banks decreased from Rs. 23,373 crore in 2006 to Rs. 9,295 crore in 2010.<br />
<br />
The paper describes how deals thrive outside the financial system in a bustling cash economy that evades taxes by creating a web of transactions to obscure the sources of slush funds. <br />
<br />
It does not give an official estimate of the size of India’s black economy, but favours tax incentives to use credit and debit cards for small day-to-day purchases to curb cash transactions. <br />
<br />
“The government can also deliberate on providing tax incentives for use of credit or debit cards as practised in (South) Korea,” the paper says.<br />
<br />
Rejecting the white paper, BJP patriarch LK Advani said, “The government not only failed to say who are the people who held these accounts but also what concrete steps were taken to bring the money back. I am disappointed.”<br />
<br />
The paper hints that the government does not favour tax immunity schemes to encourage people to disclose money stashed in overseas accounts or locked up in gold.<br />
<br />
At present, there are no legal restrictions to keeping very large amounts of cash or transporting it from one place to another. One is also not required to report it nor provide any explanation for it.<br />
<br />
There have been suggestions that the government should enact laws to regulate the possession and transportation of cash above a particular threshold limit.<br />
<br />
“Such laws need a broader political consensus to emerge for their acceptance in Parliament,” it says.
</div>',
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-The Hindustan Times
From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The...'
$disp = '<div align="justify">-The Hindustan Times<br /><br />From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. <br /><br />The white paper does not, however, disclose names of persons suspected to have stashed away huge amounts in secret overseas bank accounts. But it does make a strong pitch for setting up of anti-graft bodies --lokpal and lokayuktas.<br /><br />The paper says deposits of Indians in Swiss banks decreased from Rs. 23,373 crore in 2006 to Rs. 9,295 crore in 2010.<br /><br />The paper describes how deals thrive outside the financial system in a bustling cash economy that evades taxes by creating a web of transactions to obscure the sources of slush funds. <br /><br />It does not give an official estimate of the size of India’s black economy, but favours tax incentives to use credit and debit cards for small day-to-day purchases to curb cash transactions. <br /><br />“The government can also deliberate on providing tax incentives for use of credit or debit cards as practised in (South) Korea,” the paper says.<br /><br />Rejecting the white paper, BJP patriarch LK Advani said, “The government not only failed to say who are the people who held these accounts but also what concrete steps were taken to bring the money back. I am disappointed.”<br /><br />The paper hints that the government does not favour tax immunity schemes to encourage people to disclose money stashed in overseas accounts or locked up in gold.<br /><br />At present, there are no legal restrictions to keeping very large amounts of cash or transporting it from one place to another. One is also not required to report it nor provide any explanation for it.<br /><br />There have been suggestions that the government should enact laws to regulate the possession and transportation of cash above a particular threshold limit.<br /><br />“Such laws need a broader political consensus to emerge for their acceptance in Parliament,” it says.</div>'
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From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee.
The white paper does not, however, disclose names of persons suspected to have stashed away huge amounts in secret overseas bank accounts. But it does make a strong pitch for setting up of anti-graft bodies --lokpal and lokayuktas.
The paper says deposits of Indians in Swiss banks decreased from Rs. 23,373 crore in 2006 to Rs. 9,295 crore in 2010.
The paper describes how deals thrive outside the financial system in a bustling cash economy that evades taxes by creating a web of transactions to obscure the sources of slush funds.
It does not give an official estimate of the size of India’s black economy, but favours tax incentives to use credit and debit cards for small day-to-day purchases to curb cash transactions.
“The government can also deliberate on providing tax incentives for use of credit or debit cards as practised in (South) Korea,” the paper says.
Rejecting the white paper, BJP patriarch LK Advani said, “The government not only failed to say who are the people who held these accounts but also what concrete steps were taken to bring the money back. I am disappointed.”
The paper hints that the government does not favour tax immunity schemes to encourage people to disclose money stashed in overseas accounts or locked up in gold.
At present, there are no legal restrictions to keeping very large amounts of cash or transporting it from one place to another. One is also not required to report it nor provide any explanation for it.
There have been suggestions that the government should enact laws to regulate the possession and transportation of cash above a particular threshold limit.
“Such laws need a broader political consensus to emerge for their acceptance in Parliament,” it says.
