-The Indian Express Satara: Despite five women accusing author and activist Laxman Mane of rape and sexual harassment, police in Satara say they are finding it difficult to get evidence and witnesses in their investigation. Mane, a Padma Shri and winner of the Sahitya Akademi award, continues to be on the run, police said. Three employees of Shardabai Pawar Ashram Shala, a Jakatwadi-based residential school for underprivileged children, on Sunday accused Mane of...

-The Economic Times Finance Minister P Chidambaram has warned corporate bigwigs against wilful defaults, reminding promoters that it was their duty to bring in additional capital if their companies got into trouble. "We cannot have an affluent promoter and a sick company," he said, in an apparent reference to the collapse of Kingfisher Airlines, owned by the flamboyant Vijay Mallya. Banks are stuck with nearly Rs 7,000 crore worth of loans they...

-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...

-The Times of India The government will appoint chief vigilance officers (CVOs) for 21 multi-state cooperative societies including the controversy ridden Iffco, in the wake of the Central Vigilance Commission regaining its supervisory role over them. The reinstatement of CVC's supervisory role over the societies comes at a time when Iffco (Indian Farmers Fertiliser Cooperative) is accused of illegally transferring houses worth several crores to its managing director and joint managing director...

-PTI The Income Tax department has decided to crack the whip on big companies and organisations that do not remit TDS money even after deducting it from their workers' salaries. The Central Board of Direct Taxes (CBDT), the controlling and administrative authority of the department, has asked all I-T ranges to identify such cases where revenue implication is large and initiate prosecution in competent courts. The action will be taken under Section 276B...