The government may make mandatory the disclosure of high-value purchases such as property and jewellery. Stung by growing public outrage over corruption, finance minister Pranab Mukherjee will on Monday spell out steps taken and planned to curb proliferation of black money. There are no clear estimates of the size of India’s black economy but the amount is pegged between $462 billion (Rs.22 lakh crore) and $1.4 trillion (Rs.77 lakh crore). Mukherjee...
More »SEARCH RESULT
Total Matching Records found : 209
India's proposal will help take the web out of U.S. control-Parminder Jeet Singh
-The Hindu Unnerved by the Indian stand, IT monopolies are propagating the myth that a multilateral governance structure will kill the decentralised, multi-stakeholder nature of the Internet and lead to ‘government control' Last year, in a statement to the U.N. General Assembly, India sought the creation of a U.N. Committee on Internet-Related Policies (CIRP) in order to democratise global Internet governance, which at present is either U.S.-controlled, or subject to the policies...
More »Govt’s bid to widen tax base comes unstuck-Rajeev Deshpande
The government's efforts to widen the tax base are not paying off. New tax payers added over the past three years show a decline, while a staggering 89% of existing assessees are bunched in the lowest income bracket of Rs 5 lakh or less a year. Numbers point to a worrying trend the government would want to reverse as while 17,84,709 assessees were added in 2008-09, the figure slid to 16,75,069...
More »Laundering case against former CM
-The Telegraph Ashok Chavan, who had to quit as Maharashtra chief minister after being named in the Adarsh housing scam, faces money-laundering charges in the same case. The Enforcement Directorate has registered an enforcement case information report (ECIR) against Chavan and 13 others, stating that prima facie an offence could be constituted under Section 3 of the Prevention of Money Laundering Act. The ECIR stated that the accused persons, who had obtained clearance...
More »Drive for funds, not on urban mission
-The Telegraph The urban development ministry is miffed at the budget allocation for the urban renewal mission and has told the House standing committee it would not “sit quietly” but fight for more funds from the finance ministry. The aggressive posture comes despite the poor progress of the Jawaharlal Nehru Urban Renewal Mission, with only 127 of the 555 projects under its first phase completed by the deadline of March 31, 2012. A...
More »
