-The Times of India Indian government would be in serious breach of its international obligations if it discloses names of Indians having Swiss Bank Accounts, other than being compelled to do so by the judiciary. Speaking to TOI against the backdrop of the recent agitations by Anna Hazare and yoga guru Baba Ramdev for recovery of black money, a spokesman for the federal finance ministry in Switzerland said India "cannot make public"...

-The Indian Express The government has, over the past one month, prohibited 4,139 NGOs from receiving contributions from sources overseas. The largest block of NGOs who have been shackled — 794, or about 19 per cent of the total — are based in Tamil Nadu, ground zero of the NGO-led protests against the Kudankulam atomic power plant. The government has published the list of NGOs who have lost their Foreign Contribution Regulation...

-The Economic Times The Research and Analysis Wing (RAW), India's overseas intelligence agency, has told the Central Bureau of Investigation and the Enforcement Directorate that it has unearthed hawala transactions allegedly linked to former telecom minister A Raja.  RAW has written to the investigative agencies - the communication was sent at the end of July - asking them to take "necessary action", a top government official told ET on condition of anonymity.  The...

-PTI Undisclosed income of Indians totalling Rs 565 crore has been detected in France, according to Income Tax authorities, indicating that the Double Taxation Avoidance Agreement is showing results.  The figure was disclosed in the information that India received from France on Indians having Bank Accounts, under the exchange of information clause of the Double Taxation Avoidance Agreement (DTAA) with the European country.  In 219 cases, the tax authorities have detected undisclosed income...

-The Business Standard Financial inclusion in Madhya Pradesh helps the Centre's cash transfer projects It may not take a century for villages in India to get banks, and villagers to own accounts. Madhya Pradesh is paving the way for financial inclusion. The state is suddenly full of excitement about what it considers is a feat. Its rural development department has hired publicity agents to spread the word that every villager in the...