-The Times of India The Enforcement Directorate has issued notices to two former executives of the UBS Switzerland to appear for evidence recording at Mumbai in the Hassan Ali money laundering case. The former executives are believed to have helped the Pune-based businessman Ali in his money laundering allegedly estimated at more than $8 billion. The income Tax had also served Ali with notices in the same case for recovery of Rs...
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Income tax raids on arms dealer Suresh Nanda
-The Times of India Income tax officials on Friday carried out searches at various premises of Delhi-based businessman and defence dealer Suresh Nanda, including at the Claridges hotel owned by him. Nanda had temporarily shifted his residence to Claridges but on the day of the raid he slipped out in a similar fashion like in 2007 when a raiding party failed to lay their hands on him. Sources said he has left...
More »Diluting a law by TK Rajalakshmi
The Law Commission recommends making Section 498A, IPC, compoundable, and women's groups say that would affect women's interests. A REPORT of the Law Commission of India on “Compounding of (IPC) Offences” suggesting that Section 498A of the Indian Penal Code, which prescribes punishment for a husband or his relatives for subjecting a woman to cruelty, be made compoundable with the permission of the court, is fraught with several implications. The report...
More »Head rolls for Ponty Chadha fiasco that left I-T red-faced
-The Times of India The finance ministry has replaced S S Rana with Madhavan Nair as member investigation in the Central Board of Direct Taxes (CBDT) in a change that is seen to be linked to the income tax department's embarrassment over the failed "search-and-survey" operation against Gurdeep 'Ponty' Chadha, a politically-connected businessman. Apart from Rana, who was instrumental in the raids against Chadha a day before the Uttar Pradesh polls got...
More »Sons of the soil by Sonalde Desai
The data show that rural families simply cannot subsist on farm incomes alone There must be a bit of Gandhi in all of us because often our idea of India ultimately boils down to the kisan as the standard bearer of the lakhs of villages that comprise India. Perhaps that is why I tend to look for the signs of transformation in the lives of Indian farmers. The changes in...
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