Enforcement Directorate has begun attaching Madhu Koda and his friends’ properties, mostly flats and land in Bihar, Jharkhand and Maharashtra, valued at over Rs 300 crore. Armed with an April 6 approval order from the adjudicating authority for cases under the Prevention of Money Laundering Act (PMLA), the directorate is sticking to the higher valuation even though 2007 revenue department assessments pegged the properties’ worth at around Rs 130 crore. “This is...

All real estate transactions will have to be reported to the country's anti- moneylaundering agency once the government amends a key law that seeks to curb black-money transactions. The government plans to amend the Prevention of Money Laundering Act , which will require property registrars to file data of transactions recorded by them with the Financial Intelligence Unit, or FIU, a finance ministry official said. "The scope of the (Prevention...

The promised power from the Jaitapur nuclear project may light up the area, but Nandkumar Raut already finds the future dark. “Almost every family in the village has a police case against at least one member,” said the farmer from Madban, the village closest to the project site in Maharashtra’s Ratnagiri district. Raut said he has at least three cases foisted on him — one barring him from entering his own village...

For all his damage-control efforts, Anna Hazare's praise for Narendra Modi has emerged as a touchstone, however unwittingly, for determining the political character of the Jan Lokpal movement. Adverse reactions from his own supporters indicate that civil society is not satisfied with Hazare's clarification that he had patted Modi only in the context of rural development and that, as a Gandhian, he was opposed to communal disharmony. Hazare is under pressure to...

The Centre will come up with a new National Water Policy next year that will address the issues of water scarcity, management and conservation, Union Water Resources Minister Salman Khurshid said here on Monday. The Ministry has already undertaken an exercise to review the National Water Policy of 2002, and is holding consultations with various stakeholders on the new policy, which would take on board issues relating to climate change. Addressing the...