-The Economic Times The country's main planning body on Thursday said it will take a re-look at the just-released poverty figures, which have drawn widespread criticism for its criteria and even elicited concern from the prime minister. The Planning Commission said it will set up a new technical group in the next three months to re-visit the Suresh Tendulkar methodology of estimating poverty and devise a new measure of poverty that will...

-PTI Senior IAS officers Pradeep Vyas and Jairaj Phatak have been placed under suspension pending investigation in the Adarsh Housing Society scam, Maharashtra government informed the Bombay high court on Thursday. While Vyas was the collector of Mumbai, Phatak was city municipal commissioner when the scam took place. According to the CBI, Vyas (49), during his tenure as Collector from August 2002 to May 2005, allegedly connived with other accused and...

The Supreme Court dismissed the government’s review petition in the Vodafone tax case on Tuesday, affirming its January ruling that put overseas transfers of shares outside the Indian tax net. The review petition and last week’s budget proposals seeking retrospective changes have revived the uncertainty over tax laws, according to government officials, the Planning Commission and businesses. If Parliament passes the budget in its current form, the judgement in the Vodafone case...

-The Economic Times   The Supreme Court has declined to reconsider its ruling that the tax authorities had no jurisdiction to tax Vodafone's offshore acquisition of its Indian mobile unit, handing what could be a pyrrhic victory to the telecom major. The tax demand, government officials familiar with the case said, could be revived once the provisions in the Union Budget seeking to tax overseas deals are approved by Parliament later this...

Unlike in some countries as the US, the judges of the Supreme Court of India sit in some 13 Benches and deliver judgments. Each judgment is taken as that of the court. One Bench might take a harsh view on a subject while another may be lenient. This was evident from two judgments delivered by two different Benches on the simmering issue of the “first-come, first-served” (FCFS) policy. One dealt with...