The Centre may announce a tax amnesty scheme to bring back black money stashed in banks abroad, finance minister Pranab Mukherjee hinted today. He declined to share the names of those who have black money in foreign banks “as it violates international law”. By one estimate, anything between $450 billion and $1.5 trillion is in these accounts. Mukherjee’s news conference was called today at the behest of Prime Minister Manmohan Singh who...
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A Rs 10,000cr kerosene black market killed Yeshwant Sonawane by Sanjay Dutta
A thriving black market in kerosene, estimated to be worth Rs 10,000 crore every year, killed additional collector Yeshwant Sonawane. A litre of kerosene sold at ration shops is often costlier than a bottle of packaged water. Most of this "poor man's fuel" is pilfered and sold in the black market for a price that's two or three times higher. It's really money for jam. Sonawane tried to meddle with this...
More »Paid news phenomenon, a complex problem: CEC
Terming paid news phenomenon as acomplex problem, the Election Commission today said it couldbest be addressed by "self-regulation" by media and politicalparties which was not happening. The EC is concerned about the undue influence that paidnews can create in the mind of the voter whose right tocorrect and unbiased information needed protection, ChiefElection Commissioner S Y Quraishi said. "In our estimate, the problem of paid news is bestaddressed by self-regulation by media...
More »Objective and bold moves
Controversies surrounding the two real estate projects, the Adarsh Society building in Mumbai and the Lavasa city near Pune, bring to the fore the huge costs of poor Enforcement of town planning rules and inept administration of urban development. In the case of Adarsh housing, a 31-storeyed apartment building raised in the Backbay reclamation area and meant for Kargil heroes, the Maharashtra government not only turned a blind eye to...
More »2G: Delhi court summons CAG as witness
A Delhi court has summoned Comptroller and Auditor-General (CAG) of India Vinod Rai to appear before it on February 5 as a witness on a complaint by Janata Party president Subramanian Swamy, seeking the prosecution of the former Telecom Minister, A. Raja, in the 2G spectrum allocation scam. Special CBI Judge Pradeep Chaddah also asked another CAG official, R.P. Singh, to appear at the Tis Hazari court on that day to...
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