The metropolis could have had five new police stations had the government accepted the recommendation of a committee on VIP security cover. A high-ranking IPS officer told TOI on Friday that the committee had recommended the reduction or withdrawal of the security cover of leading politicians. "But shockingly , chief minister Prithviraj Chavan and home minister R R Patil have rejected the recommendation for obvious political reasons," he said. Ironically, the...

Rudyard Kipling opens his superb novel with the street urchin Kim teasing the son of a wealthy man. Kim kicks Chota Lal, whose father, Lala Dinanath, is worth half-a-million sterling, off the trunnion of the mighty cannon Zam-Zammah. Kipling loved India and wrote that it was the only democratic place in the world. It warms us to read this, but of course this was quite untrue in Kipling’s time and...

Nagri (Ranchi), April 25: A piece of land is valued either Rs 1.55 lakh or Rs 340.5 crore. Take your pick. If you recover from this shock, you can proceed to figure out who should get in part or full 227.71 acres at Nagri, 15km from Ranchi. Construction of IIM-Ranchi and National University for Study and Research in Law (NUSRL) campuses has halted after villagers refused to budge from the acres,...

Drug smugglers and third-world dictators laundering ill-gotten wealth through secretive banking systems in tax havens is an anachronistic image from crime novels. Leveraging US' remarkable success in compelling tax havens to block terrorist financing, the G20/OECD have successfully persuaded tax havens to improve tax transparency and participate in an international regime of information exchange.  All tax havens have committed to OECD standards for tax transparency and are executing Tax Information Exchange...

A moratorium is not the magic bullet that can slay Bengal’s fiscal demons, several economists have said, pointing out that postponing the inevitable will be of little use unless backed up by a revenue mobilisation road map. Chief minister Mamata Banerjee had yesterday set a 15-day deadline for the Centre to announce a three-year moratorium on the payment of interest on the loans Bengal had taken. “A moratorium on repayment obligations can...