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...

We should be grateful to Anna Hazare for dedicating his life to the people and battling for accountability in governance. Millions look to him for inspiration and guidance. We are all sick of mismanagement, venality and the lack of accountability that plague not only governance but also other institutions, including many NGOs that call themselves “civil society” institutions, the term made fashionable by international donor agencies. The support base of this...

Any perceptive analyst of democracy will testify that there is no necessary relationship between democracy and a corruption-proof regime, or development, or political stability. If we were to evaluate democracy from the vantage point of the desired ends we expect it to realise, it would fare rather poorly when compared to authoritarian governments, say the one institutionalised in Singapore by its former prime minister, Lee Kuan Yew. Yew transformed Singapore...

The idea of the first Jan Lokpal Bill dates back to as early as 1969, yet this democratic bill was always denied by the pseudo democratic government of India for the last 42 years. None of the Lokpal bills introduced again and again in 1971, 1977, 1985, 1989, 1996, 1998, 2001, 2005 and 2008 passed the approval nod of our great Indian leaders simply because it threatened the supreme powers...

Anna Hazare trusts Narendra Modi on “development” but not the maturity of the Indian voter. Fresh from the Lok Pal “victory”, the social activist has said he will never contest an election as most Indian voters do not value their vote and sell it for money and liquor. “I will lose my deposit if I stand for elections.… The voter is not aware. Many of them cast their votes for a 100-rupee...