Black money :- Over Rs 16,000 crore black money detected in 20 months

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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India becomes first non-NPT signatory to ink landmark civil nuclear deal with Japan

India and Japan today signed the civil nuclear agreement during Prime Minister Narendra Modi's visit to Tokyo. A landmark deal for a cleaner, greener world! PM @narendramodi and PM @AbeShinzo witness exchange of the landmark Civil Nuclear Agreement The deal would allow Japan to export nuclear technology to India, making it the first non-NPT signatory to have such a deal with Tokyo Japan is a major player in the nuclear energy market and an atomic deal with it will make it easier for US-based nuclear plant makers Westinghouse Electric Corporation and GE Energy Inc to set up atomic plants in India Other nations who have signed civil nuclear deal with India include the US, Russia, South Korea, Mangolia, France, Namibia, Argentina, Canada, Kazakhstan and Australia. Source:- India becomes first non-NPT signatory to ink landmark civil nuclear deal with Japan

Schemes by NDA government status.

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Modi govt launches single-form registration for new businesses

The move is aimed at reducing red tape in the incorporation of businesses, which currently require up to 8 forms. The Narendra Modi-led BJP government marked Labour Day by making it easier to incorporate a new business. Starting today, entrepreneurs need only fill out one form to start a business, down from the eight they had to submit until now. The new form, called INC-29, will allow make compliance and reporting easier website of the Ministry of Corporate Affairs. Name availability, allotment of Director Identification Number (DIN), company incorporation and commencement of business will now be possible through a single form. The move is in keeping with Modi’s public avowal to improve India’s global ease of doing business ranking. The red tape that businesses faces while registering themselves, including at least 8 different forms for various permissions has been a pet peeve of entrepreneurs. Currently, even for a single-person company, the forms required include separate ...

Modi Government good work

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