-DNA The political funding reforms are an embarrassment to India’s claims of heralding a transparency revolution Following Prime Minister Narendra Modi’s demonetization drive and his expressed desire to bring transparency in political funding, there were expectations of more concrete measures to cleanse the Augean stables of Indian politics. The government responded quickly, albeit through the Finance Bill. For the first time, the Union Budget 2017 devoted a full section (420...

-PTI Senior advocate Shanti Bhushan said that even though the Lokpal Bill came into effect in 2014, the Lokpal is not being appointed by the government deliberately. New Delhi: The Supreme Court Tuesday reserved its verdict on a batch of pleas seeking the appointment of Lokpal in the country. A bench headed by Justice Ranjan Gogoi said, “We have heard the arguments of all the parties. Judgement (is) reserved.” During the hearing,...

-The Hindu Business Line Aadhaar mandatory for applying for PAN; filing IT returns New Delhi: India Inc can make donations to political parties without any fetters now that the Amendments to the Finance Bill, passed in the Lok Sabha on Wednesday, have removed the existing cap of 7.5 per cent of their average net profits for last three financial years. The Amendments include reduction to the limit for cash transactions to Rs. 2...

-The Hindu Business Line It appears so, going by the various steps taken by the government in that direction New Delhi: The government seems set to make the Aadhaar number issued by the Unique Identification Authority of India the primary identification number for all citizens of the country for not just delivery of services and benefits but also to keep track of financial transactions of each individual and curb tax evasion. This is...

-NDTV In his budget presented in February, Finance Minister Arun Jaitley had said cash transactions would be capped at three lakhs. The government wants to reduce the limit to two lakhs. Cash transactions of more than two lakhs will be considered illegal and penalised, the government has proposed today. In the government's annual budget presented in February, Finance Minister Arun Jaitley had said cash transactions would be capped at three lakhs. In...