For five years, they controlled the administration in impoverished Bellary, even flattened state boundary markers to excavate iron ore—while insisting they had no mining interests in Karnataka. Now, the reign of the rulers of the “Republic of Bellary”—as the unofficial influence of two Bharatiya Janata Party (BJP) ministers and a milk federation chief, collectively called the Reddy brothers—appears to be at an end. As the Supreme Court on Friday banned all mining...
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ICAI report on black money to be ready in Sept
-PTI The Institute of Chartered Accountants of India (ICAI) today said it would submit its report to the government in September, suggesting changes required in the key economic Acts such as Income Tax and FEMA to tackle the menace of black money and ways of retrieving it from tax havens abroad. ICAI had said earlier this month that the report was expected in August. A committee, headed by ICAI President G Ramaswamy, is...
More »Court order goes against Doctrine of Separation of Powers: Centre by J. Venkatesan
The Centre, while seeking to recall/modify the July 4 Supreme Court order on the black money issue, has disputed the finding that certain admissions and concessions were made by the government counsel during the course of hearing of the petition filed by the former Union Law Minister, Ram Jethmalani. On July 15, the Centre filed an application for recall of the order (briefly published on July 16). According to the application...
More »‘Inclusion of RAW chief in SIT highly objectionable’ -by Krishnadas Rajagopal
New Delhi : The government finds it “highly objectionable” that the Supreme Court included the Director, Research and Analysis Wing (R&AW), in a Special Investigation Team set up to investigate black money cases. “What is of serious concern and highly objectionable is the inclusion of the Director, Research and Analysis Wing, in the SIT,” said the government in an application filed in the Supreme Court seeking the recall and modification of...
More »Tussle over role in black money probe
-The Telegraph The finance and law ministries have locked horns over who will lead the battle against black money. A meeting of a finance ministry probe team under the chairman of the Central Board of Direct Taxes (CBDT) has been put off indefinitely following a Supreme Court order to set up a special investigative team (SIT), headed by former apex court judge B.P. Jeevan Reddy, to probe illicit funds. While the panel...
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