-The Hindu Business Line   Wants PAN used in payments over ₹1 lakh, cap on amount of cash a person can keep Income Tax authorities have traced about ₹4,500 crore in undisclosed money in bank accounts overseas, a Special Investigation Team (SIT) probing the matter said in its second report to the Supreme Court. The report, released on Friday, said investigations are pending in 33 cases involving an amount of ₹14,957.95 crore, and that...

-The Times of India Over two crore households have been denied work under the fund-starved rural job guarantee scheme in the past eight months. This is a direct result of the deep cuts in funding of the scheme and various other changes initiated by the Modi government. With the employment situation still dire and the new government's long-term efforts to catalyze industrial growth still on the drawing board, the failure of...

-The Business Standard Scheme faces pincer attack with a proposed higher proportion of expenditure on material, reducing the budget available to pay wages The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) faces a pincer attack under the National Democratic Alliance (NDA) government, with parallel moves promising to shrink and mutate the nature of the scheme. Two of the moves have been revealed - a proposed higher proportion of expenditure on material,...

-Tehelka Bureau Though well-meaning, the new Land Acquisition Act is far from being a perfect legislation. But the urgency to amend a law even before a real field test signals a larger agenda. By all counts, this was expected. Long before he became the BJP and subsequently the nation's chosen one, Narendra Modi had made it clear that his model of development gains from the ease of doing business. Then, days ahead...

-The Hindustan Times Mahatma Gandhi urged us, in our moments of doubt, to recall the face of the poorest person we may have seen and ask ourselves whether the step we are contemplating is likely be of any use to him or her. It is in this spirit that Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was launched. It is perhaps the most ambitious social security and public works programme...