-The Hindu The High Level Committee appointed for tracing black money stashed away abroad and unearthing such ill-gotten wealth in the country, on Thursday decided to seek public comments on the issue. The committee, headed by Central Board of Direct Taxes chairman Prakash Chandra, held its first meeting and discussed laws that need to be amended to tackle the menace. It was set up by Union Finance Minister Pranab Mukherjee last...
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Baba's Demands V/s Government Response
-PTI A desperate government's efforts failed today to achieve any breakthrough with Baba Ramdev deciding to go ahead with his indefinite fast here from tomorrow amidst indications that a compromise was likely in a day or two. For nearly five hours, two senior union ministers Kapil Sibal and Subodh Kant Sahay negotiated with the yoga guru over his demands on eradication of corruption at a posh hotel, a venue totally different...
More »Who’s afraid of the Lokpal Bill? by Jagdeep S Chhokar
The proposed Jan Lokpal Bill has evoked strong reactions, a number of them emotionally charged. One is struck by the conflicting claims and counter-claims in the media. While it’s hard to determine the truth in such matters, a summary of some of the misgivings and the possible intentions, with an assessment of what possibly is the reality, follows: *The Lokpal is being dubbed as a Leviathan Fear: Being a much too powerful...
More »Congress quizzes CAG on 2G loss
-The Times of India Congress members on the Joint Parliamentary Committee on telecom policy on Monday aggressively questioned the government's chief auditor Vinod Rai over his estimate that revenues losses in the 2G scam could be as high as Rs 1.76 lakh crore. In what came across as a strategy to knock down the 2G scam losses from the staggering figure computed by the Comptroller and Auditor General, Congress MPs wanted to...
More »Panel set up to curb black money by Surojit Gupta
The central government on Saturday set up a committee to examine ways to tighten laws to curb black money generation. The panel is to submit its report within six months after consultations with the stakeholders. The panel headed by thw Central Board of Direct Taxes (CBDT) chairman will study ways to prevent the transfer of black money abroad, besides recovering such illegal assets. The committee will also examine the existing legal and...
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