-The Hindu The commission, which has won acclaim for conducting elections with fairness and integrity, is now in danger of seeing a huge gutting of its powers to do so The Union Government has told the Supreme Court that, in its view, the Election Commission of India has no power to disqualify a candidate on grounds of “correctness or otherwise” of his/her election accounts. A counter-affidavit filed by the Union Law Ministry...

-The Hindu Since 2005-06, taxes and duties for the corporate world and the rich have been written off at the rate of Rs.7 million a minute on average. Duties waived on gold and diamonds in the last 36 months equal the 2G scam amount Forbes has just added an “errata” to Union Finance Minister P. Chidambaram’s budget speech. The Minister had found a mere 42,800 people in the country with a taxable...

-The Times of India An undercover sting investigation across India has shown up startling videos of bank executives of three leading private banks - HDFC, ICICI and Axis - providing ready assistance to a reporter, posing as a minister's aide, for laundering black money into white through the banking system in clear contravention of banking norms and laws. Shaken by the disclosure, the three banks asserted that they were committed to transparent...

-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...

-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...