A government crackdown on black money has led to detection of undisclosed income of over Rs 16,000 crore since March 2014, Assets worth Rs 1,200 crore have been seized. Prosecution has been filed in 774 cases up to September 2015. The measures included a one-time 90-day window to come clean on undisclosed wealth, which led to declarations worth over Rs 4,160 crore, and the government is expecting Rs 2,500 crore as tax and penalties by month-end. To deal with illegal wealth stashed abroad, the government legislated the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 which provides for stringent penalty and jail term. Govt attempt to get more information from governments of other countries about the resident tax payers is likely to get more traction in 2016 Under the Foreign Account Tax Compliance Act (FATCA), signed with the US, India has already started getting information
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A girl, who was harassed on a running train, tweeted to the Railway Ministry for help following which the accused was arrested, a railway police official said here on Saturday. The girl was travelling in Shramjeevi Express from New Delhi to Patna. "Finding her alone, the accused started misbehaving and passed objectionable comments," the official said. After the girl tweeted, the railway police was directed to help her immediately after which the accused was arrested.
"Over 12.50 lakh subscribers have been enrolled under APY within about six months from its introduction, "APY is a long-term savings product, with at least 20 years of financial commitment, where a subscriber has to analyse his capacity to contribute and match it with his own requirement of an adequate pension amount, depending on his age of entry into APY," Creating awareness through media, organising town-hall meetings in association with state governments and state-level bankers' committees, providing flexibility to subscribers to pay monthly, quarterly or half-yearly contribution under APY are among the measures taken, he said. Besides, measures such as permitting voluntary premature exit before age 60 to APY subscribers and capacity building of enrollment agencies like officials of banks, post offices and business correspondents are also being taken
Deposits in Pradhan Mantri Jan Dhan Yojana have crossed Rs 27,695 crore, the finance ministry said. It said a "good amount" has come to the banks as low-cost deposits. PMJDY, launched in August last year, savings bank deposit accounts, which can be opened with a zero balance. One of the basic objectives of financial inclusion is the delivery of financial services at an affordable cost to the vast sections of the disadvantaged and low-income groups," the ministry had said. State Bank of India, the country's largest bank, led the list with Rs 2,989.18 crore collected in deposits The finance ministry had earlier said that the focus of PMJDY has moved from account opening to providing cash-out facilities at an approachable distance to reap the real benefits of the financial inclusion scheme.
In the last 18 months 30,000 MW of stalled power generation capacity has been revived. Government working eases of electricity supplies in the coming 10 years. There are enough coal and electricity available in the country : Piyush goyal. In the last 18 months, the government has revived stalled power generation capacity of over 30,000 MW, he said while replying to questions. About 4,000 MW generation capacity have been added in the region in the last 18 months and additional 20,000 MW would be installed in the next three years, Goyal emphasised electrification of villages without considering state goverment. The government has launched Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) for separation of agriculture and non- agriculture feeders, strengthening of sub-transmission and distribution infrastructure for adequate electricity supply in rural areas. Under the scheme, all un-electrified villages/ habitations would be covered for electrification which would ...