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Supreme Court refuses to interfere on Times Now issue

-PTI   The Supreme Court has declined to interfere with a Bombay High Court order that asked Times Global Broadcasting Company Ltd, owner of the Times Now TV channel, to deposit Rs20 crore in cash along with a bank guarantee of Rs80 crore before its appeal against a Pune trial court ruling awarding Rs100 crore in damages for defaming a former apex court judge PB Sawant could be heard. PB Sawant’s photograph was...

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‘Massive’ collections in Swiss black money probe by Ritu Sarin

Investigations say they have already mopped up a “massive amount” — running into “hundreds of crores” — as unpaid taxes from among the 700 numbered bank accounts held by Indians in HSBC Bank in Geneva in the ongoing scrutiny of what is considered a sprawling black money trail. In fact, Rs 40 crore has been recovered from Delhi-based account holders and Rs 60 crore from just one account holder in Chennai...

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Now, open bank a/c with other states’ identity proof by Sidhartha

The government has asked banks to accept identity proofs issued in other states as valid documents for opening no-frills bank accounts, in a move that will help millions of migrant workers, including domestic helps and drivers, access banking services.  At a specially convened meeting to push the financial inclusion agenda, the finance ministry asked bankers to accept the identity proofs and use their branch network in other states to verify the...

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Black money: I-T department to probe 2,000 Indian accounts in Denmark, Finland by Pradeep Thakur

Even as the details given by France on Swiss bank accounts of Indians continue to cause ripples back home, Denmark and Finland have passed information about another 2,000 bank accounts to India, prompting the I-T department to launch an investigation. Sources said the I-T department's Directorate of Criminal Investigation (DCI) has been asked to probe these accounts. This is the third instance when foreign countries have shared details with Delhi about Indian...

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Lokpal Movement: Unanswered Questions by Gautam Navlakha

Why is it that the Anna Hazare-led movement against corruption does not seek to have the Lokpal cover NGOs, corporate houses and the corporate media? Gautam Navlakha (gnavlakha@gmail.com) is a member of the People’s Union for Democratic Rights, Delhi.   It would be churlish to dismiss “Team Anna’s” mass mobilisation which is an assertion of our collective right to protest. This is especially so in view of the fact that after having waited...

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