-CobraPost.com Cobrapost's Shocking Mega Expose: Major Indian Private Sector Banks, HDFC Bank, ICICI Bank and Axis Bank, Are Blatantly Running A Huge Nation-wide Money Laundering Racket New Delhi: A Cobrapost pan-India undercover investigation spanning several months, unearths a vast, nation-wide money laundering racket being run by HDFC Bank, ICICI Bank and Axis Bank. The brazen criminal activity by these banks is channelizing vast amounts of black money into the regular banking...
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Coal ministry to defend allocation policy in SC-Priyadarshi Siddhanta
-The Indian Express The coal ministry is likely to tell the Supreme Court that allocations made through the screening committee route were "unimpeachable and unquestionable". A day after the Supreme Court rapped the government saying all coal blocks allocated during 2006-09 can be summarily de-allocated if breach of procedures in the defined allocation process is established, coal ministry officials are sure they can defend the policy. They aim to include the comments of...
More »Group of ministers to tighten anti-rape law -Vishwa Mohan & Himanshi Dhawan
-The Times of India The government is redrafting the anti-rape law following serious concerns raised by Cabinet members that the proposed legislation was loosely-worded and open to misuse, and did not account for new social realities of a growing women workforce and inadequacies of law enforcing agencies. The criminal law amendment bill was urgently referred to a group of ministers after objections were raised at Tuesday morning's Cabinet meeting over the formulation...
More »Plan to plug lease loophole-Basant Kumar Mohanty
-The Telegraph A government panel has recommended mandatory registration of all lease agreements and power of attorney documents to ensure revenue augmentation. At present, only lease agreements for a year and more need to be compulsorily registered. Registration of power of attorney documents is optional. If the proposal is accepted, it will mean that some of the ubiquitous 11-month rent agreements will lose their sheen. Some landlords prefer the 11-month tenure as registration...
More »Budgeting out adivasis: Finance minister's package falls far too short of basic needs of tribals -Brinda Karat
-The Times of India It is budget time once again. Far away from the talk of lakhs and crores of rupees echoing from Parliament to television studios, a thin adivasi teenage girl stands in a queue at her hostel, her plate in her hand, waiting for her share of the gruel that she is given for lunch every day. Her family depends on the money from the minor forest produce her...
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