-The Times of India Government agencies fear that terror funds are flowing into the real estate sector, apart from a substantial part of the black money generated within the country finding its way into the housing industry. An assessment prepared by revenue intelligence agencies and reviewed by the finance minister recently reveals that the highest component of undisclosed money detected by the income tax department was from the real estate sector. Officials suspect...

A Delhi court will frame charges on March 1 against six persons, including four MCD officials, for their alleged role in the Commonwealth Games (CWG) street lighting scam. One of the 10 Games-related scams being probed by the CBI, it caused a loss of about Rs 1.5 crore to the government. In an order issued on Friday, Special CBI Judge Pradeep Chadha said that prima facie, a case was made out...

The huge expenditure on the food bill, with the attendant leakages, could well make fiscal recovery impossible In the first part of this article, we have estimated the actual cost of implementing the food security bill in its current form. In this part, we now examine the fiscal sustainability of the same. The current state of the revenue and expenditure trends of the Central government (refer table) show that while revenue...

Nearly four years after the High Court mandated reservation of 10 per cent beds and 25 per cent out-patient facilities for the poor in private hospitals in Delhi, only some have complied with the order. As per figures provided by Delhi government in an RTI response to Newsline, none of the major hospitals were able to treat the mandated number of patients. The government received 91 complaints about refusal of treatment...

Sending a clear message that the 2G spectrum allocation of 2008 is a scam and not the result of a government policy decision, the Supreme Court today quashed the grant of 122 UAS licences and allocation of spectrum to 12 private companies. Even as the trial in the 2G case progresses in a Patiala House trial court in Delhi, a bench of Justices G S Singhvi and A K Ganguly held...