Black money worth Rs 19,000 crore detected in ICIJ, HSBC cases

New Delhi:The Income Tax department has detected black money worth over Rs 19,000 crore following investigations into global leaks including HSBC account holders in Switzerland.

Finance minister Arun Jaitley said investigations into information, put into public domain by the ICIJ (International Consortium of Investigative Journalists), pertaining to about 700 Indians allegedly linked to offshore entities based in no tax or low tax jurisdiction, have led to detection of more than Rs 11,010 crore of credits in undisclosed foreign accounts. 


SBI Launches ‘SBI Realty’ Portal For Home Buyers

New Delhi: India's largest bank State Bank of India (SBI) has launched a dedicated portal 'SBI Realty' with an objective to help home buyers choose flats from its 3,000 approved projects across 13 states and Union Territories covering 30 cities. 

"State Bank of India has taken another step towards customers' convenience by launching 'SBI Realty' - a one stop integrated website www.sbirealty.in for home buyers," the bank said in a statement. 


Now Make In India Security Features Only In Currency Notes

New Delhi: The Reserve Bank of India has come out with a fresh tender for currency security features to incorporate the 'spirit of Make-in-India’ initiative launched by the Government. The initiative encourages national, as well as multinational companies to manufacture their products in India. The RBI tender mandates that the supplier set up the manufacturing unit in the country within two years and gradually increase the local content.