Rs 20,353 crore undisclosed credits detected in Panama, Paradise paper leaks: Govt
New Delhi(PTI): The government on Tuesday said undisclosed credits amounting to Rs 20,353 crore have been detected with respect to 930 India-linked entities in the Panama and Paradise Paper Leaks.
Replying to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary also informed that taxes collected so far amount to Rs 153.88 crore in the Panama and Paradise Paper Leaks.
"As on October 1, 2021, total undisclosed credits amounting to Rs 20,353 crore have been detected with respect to 930 India linked entities in the Panama and Paradise Paper Leaks," the minister said in a written reply.
He said tax department takes appropriate actions in case of persons, who are found to be involved in violation of the provisions of various Acts administered by the Income Tax Department like the Income Tax Act, 1961, and Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act,2015 etc.
"Such actions under direct tax law include searches and seizure, surveys, enquiries, assessment and reassessment of income, levy of taxes along with interest, levy of penalties, filing of prosecution complaints in criminal courts, wherever applicable," he said.
In 52 cases of Panama and Paradise Paper Leaks, criminal prosecution complaints have been filed under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
Further, in 130 cases proceedings under Black Money (Undisclosed Foreign Income and Assets) and Imposition of tax Act, 2015 have been initiated.
Some Indian names have been released in the media which are allegedly linked to the Pandora Papers Leak.
Chaudhary further said the government has taken cognisance of the same and for the purpose of coordinated and speedy investigation brought the Pandora Papers Leak under the umbrella of Multi Agency group (MAG).
The MGA has been constituted under the convenor-ship of Chairman CBDT, with Directorate of Enforcement, Reserve Bank of India, Financial Intelligence Unit India and Foreign Tax and Tax Research division of CBDT as its members agencies.
Further, investigation is under progress, the minister added.
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'Amazon of Aligarh': Google Doodle pays tribute to India's first woman wrestler Hamida Banu
New Delhi (PTI): It was on this day in 1954 when Hamida Banu defeated famed wrestler Baba Pahalwan in just one minute and 34 seconds. While Baba Pahalwan deemed it fit to retire from professional wrestling, Banu's career expanded to international arenas and her victories reported across the globe.
Commemorating Banu's victory and to pay tribute to her as "India's first woman wrestler," Google on Saturday put up a colourful doodle on its homepage.
Born into a family of wrestlers in the early 1900s near Aligarh, Uttar Pradesh, Banu grew up wrestling, winning over 300 competitions throughout her career that spanned the 1940s and 1950s at a time when women's participation in athletics was strongly discouraged.
Banu, however, competed with men anyway, and issued an open challenge to all male wrestlers, wagering her hand in marriage to whoever defeats her, Google wrote in a post.
Banu's success in international matches gained her further acclaim. One of these matches was the one against Russian woman wrestler Vera Chistilin, who she defeated in under two minutes.
Having made newspaper headlines for years, Banu came to be known as the "Amazon of Aligarh".
The bouts she won, her diet, and her training regimen were widely covered.
According to a BBC report, she weighed 108kg and was 5ft 3in tall.
"Her daily diet included 5.6 litres of milk, 2.8 litres of soup, 1.8 litres of fruit juice, a fowl, nearly 1kg of mutton and almonds, half a kilo of butter, 6 eggs, two big loaves of bread, and two plates of biryani," the British media outlet reported.
Reuters noted that she slept for nine hours and trained for six.
A "trailblazer of her time," Banu not only fought fellow wrestlers but the norms of her times.
"Hamida Banu was a trailblazer of her time, and her fearlessness is remembered throughout India and across the world. Outside of her sporting accomplishments, she will always be celebrated for staying true to herself," Google's note read.
