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Black money: ₹4,500 cr lying in bank accounts abroad, says SIT

-The Hindu Business Line   Wants PAN used in payments over ₹1 lakh, cap on amount of cash a person can keep Income Tax authorities have traced about ₹4,500 crore in undisclosed money in bank accounts overseas, a Special Investigation Team (SIT) probing the matter said in its second report to the Supreme Court. The report, released on Friday, said investigations are pending in 33 cases involving an amount of ₹14,957.95 crore, and that...

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Black economy now amounts to 75% of GDP -Puja Mehra

-The Hindu Driven substantially by the higher education sector, real estate deals and mining income, India's black economy could now be nearly three-quarters the size of its reported Gross Domestic Product (GDP). These are among the findings of a confidential report commissioned by the government and accessed exclusively by The Hindu. Since there were no "reliable" estimates of black money generated in India and held within and outside the country, the UPA...

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Tighter tracker for social media -Sumi Sukanya

-The Telegraph New Delhi: The government is examining proposals from the information technology industry to intensify real-time analysis of social media platforms for keeping tabs on developing events, public mood and impending threats. Sources said senior officials of the National Security Council held a meeting with representatives of software giant Infosys late last month after which a committee was constituted to brief the private company for developing a web application portal that...

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The fifth metro: To save a lake -Saritha Rai

-The Indian Express   A new study on the Dal Lake could point the way in dealing with ecological challenges   A multi-dimensional group of experts from the Bangalore-based biodiversity and environment think tank, ATREE (Ashoka Trust for Research in Ecology and Environment), embarked on a wide-ranging study to save Srinagar's Dal Lake. The ATREE team of experts includes a water quality scientist, a hydrologist, a sociologist, an institutional management and governance expert and...

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Sexual harassment at workplace law gets tepid response-Shilpa Phadnis & Sujit John

-The Times of India   BANGALORE: It's been a year since the Sexual Harassment of Women at Workplace Act was passed; one of Parliament's several responses to increasing attacks on women. The act has been described by some as one of the most exacting in the world, especially with regard to the responsibilities it places on employers. To understand what has changed since the act came into being, TOI spoke to a...

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