The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar, the report said, citing one of the people

The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar

India is among the 86 countries with which Switzerland's Federal Tax Administration (FTA) has exchanged information on financial accounts within the framework of global standards on AEOI this year

Despite an ambitious target, public expenditure on infrastructure - the only functional engine of the economy - is dwindling. That spells bad news for economic recovery

Accused was representing many Chinese firms for Hawala operations in India; with help of some employees at Bandhan Bank and ICICI Bank, he was infusing around Rs 3 crore through Hawala daily

Income Tax Department had received information that few Chinese individuals and their Indian associates were involved in money laundering and hawala transactions through series of shell entities

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations

The Bishnois have been asked to reply within ten days to exercise their right to appeal against sharing of information as per the Swiss laws, according to two separate notices published in Switzerland's latest federal gazette, dated July 7

Under mounting global pressure, the famed secrecy walls surrounding Swiss banks have already crumbled over the last few years and Switzerland has been making an all-out effort to present itself as a clean global financial centre while dispelling the long-held perception of its banks being secret wealth vaults

According to the SNB, its data for ''total liabilities'' of Swiss banks towards Indian clients takes into account all types of funds of Indian customers at Swiss banks, including deposits from individuals, banks and enterprises

This is the second part of the series which focuses on some of the neoliberal ideas which have clearly failed and yet vigorously pursued and who are the proponents of these ideas

The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting

Shell companies are intrinsic to the global and Indian economy, but they require a high level of oversight to prevent them from becoming conduits for illicit financial flows

Leaders of Group of 20 major economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from coronavirus

So far, their progress is mixed with individual countries taking more aggressive positions to bring a change to the impact of what would be known several years from now

Tax havens have powerful backers; they include big nations including the UK and the US, reputed international bankers, accountants, law firms and many others which makes it difficult to discipline them

UK, Switzerland, China, Sweden, Austria, and Japan, have also taken fiscal measures, including offering support to local businesses

Share Market Update: Sensex ended 2,713 points lower at 31,390 and Nifty closed 756 points lower at 9,199.

Global markets latest: Federal Reserve moved to provide $1.5 trillion in short-term liquidity and changed the durations of Treasuries it buys

Taxing agricultural income is a politically sensitive issue; successive governments have shown little interest in taking corrective measures even while official reports have repeatedly expressed serious concerns over non-agriculturists abusing the exemption