The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman's net. The multi-pronged probe has been undertaken by the international taxation wing of the Income Tax department and the foreign taxation unit in the Central Board of Direct Taxes (CBDT). A number of investments and deals to the tune of billions of rupees...

Tata Group Chief Ratan Tata's plea seeking stopping of further publication of his taped conversations with Corporate lobbyist Niira Radia is likely to be opposed in the Supreme Court by an NGO which wants all the recorded conversations to be put in public domain. "We would make a plea in the apex court on Monday for bringing it to public domain all the tapped conversations between Radia and others," advocate Prashant...

They show strategy of planting, killing stories, and blacklisting agencyThe new tapes reveal use or consideration of strong-arm lobbying techniquesVir Sanghvi defends conversation with Niira Radia as “sweet-talking” a news sourceThe contents of a fresh set of leaked phone conversations involving Niira Radia and her associates paint an alarming picture of the extent to which the influential lobbyist — whose clients include Mukesh Ambani and Ratan Tata — sought to...

The Union government on Friday strongly defended the interception of Niira Radia's telephones, saying that this was done because of a probe into complaints alleging that she "as an agent of foreign intelligence agencies" and was "indulging in anti-national activities." A joint affidavit filed by ministries of home and finance as well as the Income Tax department said, "A complaint was received by the finance minister dated November 16, 2007, inter...

The case of Pushp Steel and Mines reverberated in Chhattisgarh assembly, as the congress party attacked Chief Minister Raman Singh, asking him to divulge the name of the owner of the dubious firm that had been granted coveted mining rights in the state in violation of rules. The congress alleged the firm is covertly owned by a senior BJP leader. The persistent uproar finally led the speaker to adjourn the...