-PTI However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 bn India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping $925 billion, says a study. According to the world ultra wealth report 2012-13, by Wealth X, a global wealth intelligence and prospecting company, India has 7,730 UHNW individuals, of which...

-Macroscan.com In his speech introducing the 2012-13 budget, the then Finance Minister Pranab Mukherjee had declared his intention to introduce a General Anti-Avoidance Rule (GAAR) to counter ''aggressive tax avoidance schemes''. What GAAR means is that even if a transaction appears to be legally valid, if it is entered into for the sole purpose of tax avoidance, then the Indian tax authorities can deny tax benefit to the concerned entity. GAAR...

-DNA It would be sad if the ghastly violence at Maruti Suzuki’s (MSIL) Manesar plant on July 18, 2012, in which a HR manager died, were to be understood simply as a ‘murderous workers’ vs ‘rational management’ kind of an incident. There is a history and a context to this violence, and how that is understood, and acknowledged, by India Inc. will indicate how serious we are about preventing such incidents...

-The Hindu Often enough in much of Assam, all that it takes to set alight the sub-surface nodes of volatility is a mere spark. Now, an ethnic-communal spectre looms over the western parts of the State once again. Confronting each other are violent elements among the Bodos and Muslims. Gang violence that started in Kokrajhar spread to more districts including Chirang, Dhubri and Bongaigaon, claiming some 40 lives. The rioting and...

-The Times of India The bloody and systematic attack on the senior management at Maruti's Manesar plant may have been the result of Naxal influence, according to sources within the government. Intelligence agencies have been asked to investigate whether Maoists are infiltrating trade unions in the Gurgaon-Manesar belt, which has witnessed serious labour trouble in the past few years, added the sources. The agencies are looking at a couple of trade unions...