A former bureaucrat has said that most business houses "maintain" MPs to influence government policies or decision making in their favour. "Some of the large industrial houses also fund politicians who are in the Opposition as a hedge to ensure that any decision that may be given in their favour is not opposed by them. They also treat such funding as a long term investment," writes former Economic Intelligence Bureau director...
More »SEARCH RESULT
Total Matching Records found : 74
Moneylaundering watchdog to track all realty deals by Deepshikha Sikarwar
All real estate transactions will have to be reported to the country's anti- moneylaundering agency once the government amends a key law that seeks to curb black-money transactions. The government plans to amend the Prevention of Money Laundering Act , which will require property registrars to file data of transactions recorded by them with the Financial Intelligence Unit, or FIU, a finance ministry official said. "The scope of the (Prevention...
More »Black money trail: I-T dept signs MoUs for conducting study
The government has set the ball rolling for estimating black money by signing agreements with three leading think-tanks NCAER, NIFM and NIPFP to conduct study on unaccounted income generated inside and outside the country. They have been given 18 months to complete the study and also suggest administrative and legal measures to prevent generation of black money, according to sources. The first study on unaccounted money was conducted by NIPFP way back...
More »In two voices by Venkitesh Ramakrishnan
Recent actions of some senior BJP leaders hint at an understanding between the Congress and the main opposition at the leadership level. THE Bharatiya Janata Party's (BJP) credentials and commitment as the principal opposition party of the country have been repeatedly questioned in the past seven years, the period in which the Congress-led United Progressive Alliance (UPA) has held the reins of power at the Centre. Recent developments in Parliament...
More »How not to tackle the black economy in India by Arun Kumar
Technically, we know how to check the black economy but the problem is political. More studies or committees and treaties with foreign governments are only to stall action. Another Joint Parliamentary Committee has been announced. The government has been trying to create an impression of being proactive with regard to tackling the black economy. The President's address and the speech by Sonia Gandhi in January mentioned the need to curb it....
More »
