India and Switzerland discussed on Friday various aspects of bilateral ties, including the issue of curbing black money, as well as regional and multilateral issues during a meeting between External Affairs Minister Sushma Swaraj and Swiss Foreign Minister Ignazio Cassis.
The Income Tax department has slapped three notices under the foreign black money law against diamond trader Nirav Modi, involved in Rs 14,000 crore PNB fraud case, for allegedly holding illegal assets abroad.
India expects to receive data from Swiss authorities on HSBC accounts of its citizens in about 10 days after Switzerland's apex court directions that data be shared with the Indian government, Finance Minister Piyush Goyal said.
A magistrate court in Chennai directed P Chidambaram's family members to appear in court on August 20 without fail in connection with the black money case.
CBDT has directed the I-T Department to ensure filing all its petitions before the NCLT by next month to recover due taxes worth crores of rupees from a number of de-registered shell or dummy companies.
Finance Minister Piyush Goyal today attacked Congress President Rahul Gandhi for maligning the country's image by raising the issue of increase in black money deposits of Indians in Swiss banks based on baseless reports.
The Rajya Sabha was today adjourned for about 90 minutes following noisy protests by members of the Trinamool Congress, who stormed the Well demanding that black money stashed by Indians in Swiss Banks be brought back.
The Income Tax Department today said it is set to collect Rs 60,845 crores during this financial year against Rs 49,775 crores mopped up last yer from Andhra Pradesh and Telangana.
The FinMin has refused to share copy of three reports on the quantum of black money held by Indians inside the country and abroad, saying its disclosure would cause a breach of privilege of Parliament.
The government today said all the deposits by Indians in Swiss bank accounts cannot be termed black money and action will be taken against persons parking illegal funds overseas after Switzerland starts sharing real-time account details from January onwards.
Aircel moves SC to make Airtel clear dues
Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf
Bank guarantees have lapsed and Aircel wants Airtel to pay the money
Alleged that Airtel is trying to usurp the sum
Aircel says without the money it may get liquidated
Bain joins KKR in race for Max Healthcare stake
PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn
To decide on buy back of shares on Aug. 20
JET AIRWAYS CLARIFIES
Co planning $400 Mn stake sale is speculative in nature
Jet Auditor BSR may quit if issues are not resolved is factually incorrect
Have been pro-actively working on multiple revenue enhancements
Evaluating various funding options to meet liquidity requirements on priority
Relationship with Etihad Airways very strong
No delays in discharging any loan obligations to any of the lenders
Default status in tabular statement only due to technical errors, rectified now
Clarifies that reports of stake sale are purely speculative
Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect
Seeks lenders help in bid to avoid default
Airline wants waiver of loan covenant on existing debt facility of $185mn
Co has to repay or refinance at least $500mn of existing debt to avoid default
Told lenders it won’t be able to meet min $50mn profit condition for FY19
Consortium of lenders yet to decide on Jet’s request
Airline’s total debt was Rs 9430 Cr as on 31st March 18
NSE TO JET AIRWAYS
Have noticed a difference in your responses dated August 9 & 10
Clarify whether mgmt extension from audit committee as per Aug 10 response
Or did Audit Committee not recommend results to board as per Aug 9 response?
In Aug 10 response, details of "Certain Matters Not Closed" not provided
Provide exact reasons for which audit committee has not approved results
Again ask you to give us date when board meet to consider results will be held