The finance ministry has ruled out a fresh tax amnesty scheme, saying that no such proposal was on the table. Ministry officials told Parliament's Standing Committee on Thursday that the issue of a new tax amnesty has not even been discussed, scotching the speculation suggesting that one was being mulled. The officials said that they did not know how this started. Members of the Standing Committee asked the government to use India's...

Unfazed by opposition attacks and questions from the Supreme Court, government on Tuesday maintained that it cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework. Finance minister Pranab Mukherjee, however, dismissed opposition criticism that it was not disclosing information because such disclosure could result in the government's fall. "Let us understand the issue. No information can be made available unless there...

Livid at the allegation of diversion of funds sent by the Centre to states for  NREGA-mandated schemes, the Supreme Court on Monday warned to make an example out of Orissa to force other defaulting states to fall in line. "What nonsense is going on? The Centre must take steps to ensure that funds released under NREGA reaches the target population. We want action in this regard and will not allow any...

Livid at the allegation of diversion of funds sent by the Centre to states for NREGA-mandated schemes, the Supreme Court on Monday warned to make an example out of Orissa to force other defaulting states to fall in line. "What nonsense is going on? The Centre must take steps to ensure that funds released under NREGA reaches the target population. We want action in this regard and will not allow any...

International prices of most agricultural commodities are on the rise again. Prices of major food crops have increased disconcertingly, with wheat, rice, maize and soybean registering double-digit increases between June and October. Wheat prices increased alarmingly by more than 71%, while maize recorded a more than 50% spike. The Food Price Index released by the Food and Agriculture Organization (FAO), the most widely accepted barometer for food prices, also painted...