Battling a string of scams, the UPA government is likely to introduce a bill in the Budget session of Parliament to rein in corruption. "We are bringing a separate bill on corruption in accordance with the UN convention," Law Minister M Veerappa Moily told reporters here. He said the government intended to bring the legislation in the next session itself. "In that direction, we are proceeding," he said. "We have agreed to the...

The Centre has signed deals or is in talks with 78 countries besides Switzerland to amend double taxation avoidance treaties to facilitate information-sharing on slush funds held by Indians abroad. These countries include Mauritius, Brazil, Canada, Italy, the UK, the US, the UAE and the Channel Islands. The Swiss parliament is set to ratify the tax treaty with changes which will allow India to gain access to information on black money held...

Concerned at flak, Manmohan asks him to call press meet Prime Minister Manmohan Singh asked Finance Minister Pranab Mukherjee on Thursday to hold a detailed press conference “at the earliest” to clarify the government's position on the black money issue and what it was doing to deal with the menace. On Wednesday, the Supreme Court sought clarity from the government on how it intended to end black money, and wanted to know...

Describing black money stashed away abroad by Indians as “pure and simple theft of national money”, the Supreme Court on Wednesday questioned the Centre's approach to tackling this menace and retrieving the huge amount kept in foreign banks. “Mind-boggling crime” When Solicitor-General Gopal Subramaniam furnished in a sealed cover a list of 26 names who had accounts with Liechtenstein Bank, a Bench of Justice B. Sudershan Reddy and Justice S.S. Nijjar was...

Talking tough, the Supreme Court today questioned the Government as to why it was reluctant in disclosing the names of Indian nationals who have allegedly stashed black money in foreign banks. "What is the difficulty in disclosing the information," a Bench comprising B Sudershan Reddy and S S Nijjar asked when Solicitor General Gopal Subramanium informed the bench that Government has got the details but did not want to reveal it. The...