-Mainstream Weekly Intense and motivated propaganda, powerful national and international diplomatic pressure, verging on pure and simple arms-twisting of the kind the Third World has been facing for decades by means of the active role of the econo-mic hit-men in the policy establishments, huge cash-back lobbying, both in India and abroad, blunt attempts to bamboozle the persons holding key positions in India’s policy establishment through a combination of hissing and kissing...
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'Demonetisation of Notes Won't Help Curb Black Money'
-PTI Demonetisation of high denomination currency notes like Rs 1,000 and Rs 500 may not help curb black money which is largely held in the form of benami properties, bullion and jewellery, a Finance Ministry report says. "One common demand from the public is that high denomination currency notes, particularly Rs 1,000 and Rs 500, should be demonetised", says a committee headed by the CBDT chairman in its report to the Finance...
More »The Obituary of a Movement-Manu Joseph
-Open the Magazine It was good, it was brief There is a type of talented Indian who lives in the United States with his austere wife to whom he lost his virginity, and has two children who are good at spelling. He walks with a mild slouch. He is still intimidated by White waiters, but not Black waiters. In an elevator, chiefly in an elevator, he suspects he is probably small. He...
More »Parliament disrupted over black money
-IANS Both Houses of Parliament were disrupted on Monday as Bharatiya Janata Party (BJP) members noisily demanded that black money stashed abroad be brought back to the country. In the Rajya Sabha, BJP leader M Venkaiah Naidu raised the issue when zero hour began. Criticising the government, he said: "Even the CBI director has raised the issue, which shows the seriousness of the issue. With that money we can solve several problems...
More »World's super-rich hold $32 trillion in offshore tax havens
-Reuters Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday. The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion. The...
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