-The Times of India A conspiracy to dilute charges against accused persons in the Adarsh housing society scam by CBI lawyers has been unearthed with the arrest of special public prosecutor Mandar Goswamy, CBI counsel in Mumbai high court in Adarsh and other cases, Income Tax lawyer J K Jagiasi, former Congress MLC Kanhaiya Lal Gidwani (accused in the Adarsh scam) and his son Kailash.  The accused lawyers reportedly took Rs 1.25...

-The Times of India Government agencies fear that terror funds are flowing into the real estate sector, apart from a substantial part of the black money generated within the country finding its way into the housing industry. An assessment prepared by revenue intelligence agencies and reviewed by the finance minister recently reveals that the highest component of undisclosed money detected by the Income Tax department was from the real estate sector. Officials suspect...

MGNREGA 2.0 should really be MGNREGA 0.0 — it has been outdated from the start, five years ago It is a fact universally acknowledged that India is at a fiscal crossroads. It swerved quite significantly to populism over the last several years, and the consequences of this lurch are that the UPA’s own finance minister is (thankfully) losing sleep over the fiscal burden. More specifically, over the subsidy burden. As we all...

-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...

According to the Income Tax department's final assessment report, the total wealth amassed by the tainted IAS couple Arvind Joshi and Tinu Joshi is pegged at Rs 240.38 crore. The report took over a year after the initial appraisal that assessed the amount at around Rs 360 crore in December 2010, ten months after IT sleuths raided the official residence of the Joshis here, officials said. The final assessment report running into...