Are income-tax returns filed by individual citizens open to public scrutiny under the Right to Information? Yes, says the Central Information Commission. In a controversial December 14 ruling with far-reaching implications, the CIC held that individual assessees could not invoke privacy concerns to prevent an unrelated “third party” from inspecting returns filed with the Income-Tax Department. Sources in the Commission said the ruling must be seen as a trendsetter that could...

It is presumed that the industrial development in Bihar is hampered by lack of investments. Is it because of 'unproductive' government policies or an unpredictable law and order situation? And how to increase the flow of investment in the state? In order to find out answers to all such questions and debate these issues, Business Standard Hindi recently organised a roundtable in Patna. The seminar was attended by various small...

Beware. If you are poor, go to a municipal or government hospital and seek medical help, chances are that anything can be done to you and if it affects your life or livelihood, there is nothing can be done to secure protection even if it is a case of medical negligence. Because, when you do not pay, you are getting things "not for a consideration" and when that consideration -- fees...

The finance ministry has quietly initiated the process of opening up the Income Tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had...

Borrowing was both the shaky foundation of global growth and the cause of its collapse. It started with a bust and it ended with an even bigger bust. In between was sandwiched an unsustainable boom. Banks have been humbled. Economists have been found wanting. Geopolitical power began to shift from west to east. That was the noughties that was. It barely seems five minutes ago that policymakers were fretting about the...