Finance Minister Pranab Mukherjee Tuesday said the estimate of black money stashed abroad by Indians and Indian entities was estimated at between $462 billion and $1.4 trillion and every step within means was being taken to bring it back. He also made it clear that unless there are legal provisions in other countries, the two pacts India has been entering with them -- double tax avoidance treaties and information exchange agreements...

The government may levy duty on two important drug ingredients imported from China and Mexico to protect local suppliers. The move could increase prices of popular antibiotics for consumers besides threatening business of about two dozen small drugmakers. The commerce ministry has recommended anti-dumping duty on Penicillin G Potassium and 6 APA, after Indian suppliers complained Chinese and Mexican firms are shipping it at a low price to kill competition from...

The coal ministry has rejected the Planning Commission’s suggestion to allow phased extraction of coal from prohibited areas saying that the robust demand for coal from expanding steelmakers and power generators fast outpaces the plan to mine in stages. The Planning Commission had mooted the idea of phased coal mining in about 203 coalfields, that were earlier declared out-of-bounds for mining by the environment ministry. But strong mining potential at the restricted...

Driven by trade interest, EU is pushing Endosulfan for POP listing Elimination of Endosulfan is expected to severely impact pollination and India’s farming India is today the second largest producer of horticulture crops (fruits at vegetables) and annually produces over 215 million mt (2008-09 figures source Ministry of Agriculture). This is almost as much as India’s total food grain production of 235 million mt (2008-09 figures source Ministry. of Agriculture). India’s export...

Amit Jethwa had just left his lawyer’s office after discussing a lawsuit he had filed to stop an illicit limestone quarry with ties to powerful local politicians. That is when the assassins struck, speeding out of the darkness on a roaring motorbike, pistols blazing. He died on the spot, blood pouring from his mouth and nose. He was 38. Mr. Jethwa was one of millions of Indians who had embraced...