Close
Login to Your Account
Faadooengineers



  • Govt. unfold 3 big names to Supreme Court regarding Black money



    Govt. unfold 3 big names to Supreme Court regarding Black money

    The central government reveal the names of three persons who have allegedly stashed black money abroad, at least two TV channels to supreme court today.

    Former Dabur executive Pradip Burman, Rajkot-based builder Pankaj Chimanlal Lodhia and Goa miner Radha S Timblo were named by the Centre.

    A supplementary affidavit is likely to be filed in the apex court on Monday detailing plans to submit the list of names in a sealed envelope. The court is due to continue hearings on a petition on black money the following day.

    The government is building pressure particularly on Switzerland, seeking details of Indians who have parked unaccounted for money in the Alpine country's highly secretive banks. It has quickly implemented a Supreme Court directive to set up a high-powered special investigation team, headed by retired judge MB Shah, to look into the issue.

    While there are no official estimates, Global Financial Integrity (GFI), a Washington-based think-tank, has estimated that Indians had salted away $462 billion (about 28 lakh crore in current exchange rates) in overseas tax havens between 1948 and 2008.

    Black money arises mainly from incomes not disclosed to the government usually to avoid taxation, and, sometimes, because of its criminal links. About a third of India's black money transactions are believed to be in real estate, followed by manufacturing and shopping for gold and consumer goods.



    You can add us to your circle on Google+, follow us on Twitter, join the photo community on Pinterest, or like our Facebook page to keep updated on all the latest news.
  • About Us

    Faadooengineers is India’s biggest engineering education Platform for students and engineering professionals. It has 3.2 Millions registered students. It is a platform where student interact with other students, share study notes, projects, questions papers and presentations during their engineering career. We provide specific information to students like college’s updates, placements, fee structure, admission criteria, eligibility and study guides etc.

    Join us today as a part of growing journey and connect with our global family. Engineering aspirants get personalized experienced on our website and get relevant stuff on the website

    Read More