Poor workers are being paid wages as low as Rs 1-10 for a hard day's labour in states like Rajasthan and Karnataka under the Mahatma Gandhi National Rural Employment Guarantee Scheme which promises a real wage of Rs 100 per day. Documents with TOI show that many desperate, poor labourers across the country are being cheated of their hard earned money and the much publicized guaranteed daily wage of Rs 100...
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Cash seized from ATM vans in UP by Pradeep Thakur
The Election Commission's crackdown on candidates using black money in electioneering has forced politicians to come up with innovative methods. Two ATM vans, belonging to two private banks, were seized with nearly Rs 13 crore cash in poll-bound Uttar Pradesh last week by Income Tax's flying squad, a part of which has remained unclaimed for the last four days. The EC has written to RBI to instruct the two large private...
More »Black money: I-T gets wary about secret bank account names; asks for oath
-PTI In order to guard against possible leakage of names figuring in the secret bank accounts lists it has received from foreign shores, the Central Board of Direct Taxes CBDT has ordered the I-T department to obtain a signed undertaking from any government entity or department who demands the data for their own probe. The CBDT fears that if these names are leaked and they are publicised, global financial bodies like OECD...
More »I-T searches unearthed Rs 18700 crore in last 2 years
More than Rs 18,700 crore of unaccounted wealth has been unearthed across the country after searches were conducted by the Income Tax officials in the last two years, the Central Board of Direct Taxes said on Friday. The body has, however, denied any harassment has been caused to any industrialist or business establishment anywhere in the country due to I-T search and survey operations. "Search and seizure is conducted on the basis...
More »Black money trail: Govt may move against HSBC, Rs 80 cr mopped up by Ritu Sarin
The Government is contemplating legal action against HSBC Bank for what is being described as the “active’’ role of their executives in persuading Indian account-holders to open accounts to park undeclared money in their branch in Geneva. The Central Board of Direct Taxes (CBDT) has sought the opinion of the Law Ministry for this and underlined that a similar course of action has been taken by other countries who, like India,...
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