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...

It would be sad if the potential of cash transfers was lost as a result of hasty posturing by those on various sides of the debate. The fact is that, in India today, poverty and economic insecurity remain endemic in spite of fantastic economic growth. The existing system has failed to arrest the growing number in poverty, despite substantial government spending ostensibly designed to reduce poverty. Could cash transfers help? A...

The Chhattisgarh government has been exposed for shielding IAS officer Babulal Agarwal, who is worth Rs 253 crores, with 473 bank accounts. He owns 30 companies, set up in the last 11 years and has a life insurance policy worth Rs 85 lakh in his son's name. He was raided by the vigilance department in February last year, suspended and then reinstated. Agarwal is now serving as the Secretary, Corporation, in the Chhattisgarh...

-The Business Standard   Privacy issues are coming into focus as a result of a variety of government initiatives. The Aadhar programme, for issuing unique identity numbers, raises obvious questions of privacy as personal data are compiled in a central database. Then there is the proposed National Grid, designed as a network of 21 available databases across government and private agencies, and meant to help flag potential terrorist threats. On top...

The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed...