-The Times of India MUMBAI: Tax authorities will intensify their efforts to crack down on unaccounted-for money stashed overseas by seeking information from their counterparts in other countries. A recent letter issued by the Chairperson, Central Board of Direct Taxes (CBDT) bears testimony to this intention. To ensure that Indian tax authorities have access to information from other countries and can thus tackle the menace of black money and tax avoidance, several...

-The Hindu Even as the Reserve Bank of India (RBI) frets over the high rate of inflation and wards off pressures to cut interest rates, it is faced with another challenge. Balance of payments data for the second quarter of 2012-13 show that the current account deficit continues to rise, and has touched a record 5.4 per cent of GDP. Both of these developments that would be considered signs of “overheating”...

-The Hindu “The purpose of a Budget – and the job of a Finance Minister,” P. Chidambaram declared in his speech, “is to create the economic space and find the resources to achieve the socio economic objectives.” Now that the presentation of and the spate of initial responses to the budget are behind us, it may be appropriate to ask how far the Minister went in accomplishing his self-defined task. Mr. Chidambaram...

-Outlook Lamenting that standard of teachers in not up to the mark and learning outcomes are below expectations, Prime Minister Manmohan Singh today said "major concerns" in the field of education need to be addressed. Singh also noted that "drop-out rates in schools remain high after the elementary level. Some major concerns relating to equity also remain to be addressed." The Prime Minister's comments come a day after he regretted that none of...

-The Hindu Complaints by Pakistan of executions, beheadings in secret cross-border raids by Indian forces In classified protests to a United Nations watchdog that have never been disclosed till now, Pakistan has accused Indian soldiers of involvement in the torture and decapitation of at least 12 Pakistani soldiers in cross-Line of Control raids since 1998, as well as the massacre of 29 civilians. The allegations, laid out in confidential Pakistani complaints to the...