In what the CBI says could be the “tip of an iceberg”, the agency has found at least 1,100 cases of allegedly fraudulent refund checks issued by the Income Tax department that has resulted in the illegal withdrawal of more than Rs 6 crore over the last three months. The CBI has arrested two persons, including an accountant: Pankaj Kumar Gupta and Amit Kumar Sharma. Both, allegedly in league with IT...

-The Business Standard   Too much grain, and no way to distribute it In about a month from now, the country’s ever-bulging foodgrain stockpile will bloat further to over 75 million tonnes, a record amount. This will be nearly two-and-a-half times the stipulated maximum food buffer. Worse, it will outstrip the available warehousing capacity (covered and open) of 63 million tonnes by a wide margin. Even today, a good part of the present...

People with agricultural land that they do not wish to cultivate will soon have the option of depositing it in government land banks that will offer them consistent monetary returns. With an incentive system broadly on the lines of a bank account, the public land bank will offer payments based on the tenure and size of the holding with additional benefits if the land is leased out. "A lot of land is...

In the ninth year of his 10-year term in Tihar, 25-year-old Anil is savouring a taste of what life might soon be for him. Between 11 am and 6 pm, Anil is free — free to roam around the 450-acre prison complex and work at Tihar Haat, to enter which he actually steps out of the prison gate. Anil is one of two prisoners made a part of Tihar’s semi-open jail...

Cracking the whip on officers, who have failed to declare their immovable property, the Centre has recommended "appropriate action" against 454 Class 'A' officers, including eight joint secretaries and 44 directors, that may not only delay their promotion but also invite adverse remarks in their annual performance appraisal reports. Out of these 454 Central Secretariat Service Officers, the highest number of defaulters are from the department of agriculture and cooperation (58)...