-Live Mint Income-tax department says firm had underpriced intragroup share transfer by Rs 15,000 cr and evaded taxes consequently The Indian arm of Royal Dutch Shell Plc , Shell India Pvt. Ltd, has been accused by the income-tax (I-T) authorities of underpricing an intragroup share transfer by ` 15,000 crore and consequently evading taxes, said a person familiar with the development.   Following the notice, which is one of the biggest transfer pricing orders...

-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...

-The Indian Express Raipur: In May 2010, Hindi TV channel Sahara Samay presented a five-point proposal to the public relations department of the Chhattisgarh government about covering government activities during 2010-11: 1. Two-minute special package: Sahara Samay will show the package 15 times a day during news bulletins. It will contain “CM’s speeches, government policies, and special news related to various departments.” Cost: Rs 3.28 crore per year at Rs 3,000 per...

-The Times of India The income tax department's '360 degree profiling' had resulted in former corporate lobbyist Niira Radia's contacts with several bigwigs coming to light. She may have fallen off the radar but the government plans to strengthen the mechanism with finance minister P Chidambaram initiating a pilot project with the FIU (Financial Intelligence Unit) to integrate data on all suspicious transactions with the '360 degree' database. Financial transactions of hundreds...

-Frontline After the year-long Jansamvad Yatra and Jansatyagraha, the Ekta Parishad has a written commitment from the Rural Development Ministry to advance land reforms.  Celebration and caution. These sentiments dominated the deliberations of senior activists of the Ekta Parishad as they gathered at Delhi’s Gandhi Peace Foundation office on October 18, one week after the organisation and the Union government had signed a 10-point agreement to advance land reforms. The agreement had...