With the number of non-governmental organisations growing in the country, the government is planning to bring them under a regulatory mechanism to make them accountable. As of now, there are no specific laws or regulations to regulate volunteerism in India. A task force, constituted to examine the issues related to the evolution of an independent, national level, self-regulatory agency for the voluntary organisations and develop accreditation methodologies by the Planning Commission,...

The Centre today promised a “comprehensive study” to gauge black money but told the Supreme Court it couldn’t reveal information on such cash stashed abroad because of “confidentiality” clauses in overseas pacts. The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace. The National Institute of Public Finance and Policy, the National Institute of Financial Management...

It is tragic that the same government that gives huge corporate concessions and loses money in corruption is fighting over minimum wages. As India's — and by some reckoning the world's — largest rights-based rural safety net programme completes five years, here is a reality check. The National Rural Employment Guarantee Scheme (NREGS) has become the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). But in a monumental affront to the...

NGOs To No Go’s     * NGOs have mushroomed; so have instances of misappropriation of funds     * Not disclosing expenditure and receipts; nor revealing who funds them     * Not setting up NGO for the task it was funded for     * Flocking to 'hot' topics, inviting accusations of singing to industrialists’ tunes     * For every NGO supporting a cause, another springs up against that cause *** NGO numbers     * 3.3 million Number of NGOs...

Four-pronged approach to understand compliance issues from taxpayers' perspective Challenge is to develop focussed programmes to reduce compliance costs Seeking to tackle the issue of black money in a proactive manner, the Finance Ministry has set up a “study group” to improve voluntary compliance and address the issue of revenue leakage by suggesting appropriate measures to motivate tax evaders to disclose their unaccounted income. The decision comes in the backdrop of Finance Minister...