Notwithstanding the Income Tax Appellate Tribunal's order that stated Rs.41.2 crore was paid as kickbacks to the late Win Chadha and Italian businessman Ottavio Quattrocchi in the Bofors gun deal, the CBI on Tuesday reiterated its stand to close the case in the “public interest.” Chief Metropolitan Magistrate Vinod Yadav had scheduled the case for pronouncement of judgment on the CBI's closure report but deferred it when advocate Ajay Agarwal urged...

Hidden behind all the administrative scandals that rocked India in 2010, illegal mining is an unnoticed beast that has been eating into the country's soul.   While corruption in spectrum allocation and the conduct of the Commonwealth Games are primarily about monetary loot, illegal mining is about invaluable non-renewable natural resources.   In at least five major states, there were more than 20,000 complaints of illegal mining filed, but the perpetrators carried on with...

India's income tax department has ruled that illegal commissions were paid to an Italian businessman accused over an arms scandal which ended Rajiv Gandhi's term as prime minister 20 years ago. It found over $9m was paid as commissions to Ottavio Quattrocchi and an Indian arms dealer, Win Chadha. In 2009, India dropped a graft case against Mr Quattrocchi and withdrew his name from the Interpol "wanted list". The main opposition BJP has...

The Indian economy is moving back into the fast lane, with agriculture playing a leading role. A new financial review presented by the government in mid-December anticipated economic growth of up to 9% for the year to March 2011, and forecasters believe double-digit expansion is on the cards for later in the year. "Faster growth is expected to continue as agriculture recovers sharply from last year's drought and inflation starts to...

There has been a gross simplification of the issues involved in the exposures in the Radia tapes on the lack of integrity among mediapersons. In order to understand how exactly journalists really function it is necessary to understand the overall context in which they operate and clarify some of the persistent myths about what the profession is all about. Four myths in particular need to be dissected: That it enjoins...