House panel shies away from quantifying black money

The parliamentary panel on finance of the 16th Lok Sabha has submitted its report to the Lok Sabha, The panel has said it is difficult to provide a credible estimate of the black money stashed away overseas by Indians.The panel suggested that black money could be anywhere ranging from 7-120% of the GDP. This massive… Continue reading House panel shies away from quantifying black money

Tribunal to try benami cases soon

Tribunal to try benami cases soon News: The government has approved the appointment of Adjudicating Authority and establishment of Appellate Tribunal for speedy disposal of cases related to benami transactions. Important Facts: The Adjudicating Authority and Appellate Tribunal has been created under Prohibition of Benami Property Transactions Act (PBPT), 1988. Salient Features of Adjudicating Authority… Continue reading Tribunal to try benami cases soon