-The Indian Express If the BJP finds itself on the back foot today, it isn't because of corruption scandals, but due to the splintering of its social coalition As the stage is set for the state assembly elections in Karnataka, former Prime Minister H.D. Deve Gowda recently made a surprising admission: corruption is not an issue in the upcoming elections, and the precipitous decline in political morality can only be arrested by...
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Black money could account for 10% of GDP: Study -Pradeep Thakur
-The Times of India A study commissioned by the government last year on quantifying black money generated in the country has estimated that the Illicit wealth is likely to exceed 10% of GDP or anywhere above Rs 10 lakh crore, given the size of the economy. The 1,000-page report was submitted to the finance ministry by the National Institute of Public Finance and Policy (NIPFP) in the last week of December. The...
More »‘India lost $123 billion in black money in a decade’
-The Indian Express India lost a whopping $123 billion in black money during 2001-2010, making it the eight largest victim of illicit financial outflow, a US-based research and advocacy organisation said in a report. However, India’s black money loss of $123 billion in 10 years is far less than that of China, which according to the report suffered a loss of $2.74 trillion during the same period (2001 to 2010), followed by...
More »Sonia Gandhi 4th richest politician in the world -Preeta Memon
-WeeklyBlitz.net As India is approaching towards a general election in less than a year, the leader of ruling Indian National Congress has been listed as world's fourth richest politician with a total wealth of over US$ 18 billion, which is invested in real estate, telecommunication and various business projects around the world, while significant portion of the amount is also deposited in secret bank accounts. Italian born Indian politician Sonia Gandhi...
More »Developing a land acquisition policy for India-Dilip Mookherjee and Maitreesh Ghatak
-Live Mint The current policy on compensating landowners could adversely affect character of India’s future growth The Parliament is currently considering a land acquisition, rehabilitation and resettlement Bill (LARR Bill), as are various state legislatures. These are likely to affect the pace and character of future growth in India in a significant way. Setting up new industries, service establishments and real estate development will inevitably require land to be acquired from rural areas....
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