Illicit Trade
Smuggling can slow march to $40-trillion economy, says FICCI report
The FICCI CASCADE has urged the government to launch a robust international campaign against the menace of smuggling
 "Smuggling can slow march to $40-trillion economy, says FICCI report")
Indian-American convicted of making illicit profits worth $7.3 million
An Indian-American former IT professional has been convicted of four counts of securities fraud in California for using a publicly traded company's confidential inside information
 "Indian-American convicted of making illicit profits worth $7.3 million")
Rs 58.5K cr of taxes lost in 5 industries due to illicit trade: FICCI study
Says 1.5 mn jobs lost because of such trade; FMCG sector worst affected
 "Rs 58.5K cr of taxes lost in 5 industries due to illicit trade: FICCI study")
Illicit drugs business in Assam is worth Rs 5,000 cr annually: CM
Highlighting that trade in illegal drugs in Assam is worth about Rs 5,000 crore annually, Chief Minister Himanta Biswa Sarma Sunday urged the police to be unrelenting in their war on drugs
 "Illicit drugs business in Assam is worth Rs 5,000 cr annually: CM")
India saw Rs 6.14 trillion, or 3% of GDP, escape tax net in 2017: Report
The report said a staggering $8.8 trillion value gap was identified in trade between 135 developing countries and 36 advanced economies over the period of 2008-2017.
 "India saw Rs 6.14 trillion, or 3% of GDP, escape tax net in 2017: Report")
Enhance awareness to check illicit trade: Ficci-KPMG report
It also said funds generated through such trade practices are used for terror financing and organised crime
 "Enhance awareness to check illicit trade: Ficci-KPMG report")
