Winter in the Indian capital is a season of mists, minus the mellow fruitfulness. The air becomes charged with toxic emissions and particles that cannot disperse due to a meteorological phenomenon called "atmospheric inversion". According to B.P. Yadav, scientist with the meteorological department, atmospheric inversion is caused by a warming of the upper layers of the atmosphere, trapping colder air on the surface and, with it, vehicular and industrial emissions. "The immediate...
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FinMin probing more than 100 overseas deals for tax evasion
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...
More »“I have neither seen nor heard the Radia tapes”
Union Home Secretary G.K. Pillai on Saturday said he had neither heard nor seen the tapes of conversations between corporate lobbyist Niira Radia and others, and denied leaking the tapes at the behest of Home Minister P. Chidambaram.“I wish to clarify that neither I, nor the Ministry of Home Affairs had, or have any access to any of the tapes concerning the interception of Ms. Radia's telephones,” Mr. Pillai said...
More »Govt probes tape leak
The Centre today ordered a probe into the leak of lobbyist Niira Radia’s purported phone conversations allegedly tapped by the income tax department. The home ministry announced the probe on the same day Tata group chairman Ratan Tata moved the Supreme Court demanding action against people responsible for leaking the contents of tapes. The Radia tapes feature purported conversations she had with journalists, politicians and industrialists, including Tata. A home ministry spokesperson...
More »Her Sinister Ring Tone by Shantanu Guha Ray
NIIRA RADIA, the lobbyist at the heart of India’s audacious multi-billion telecom swindle, inaugurated a Krishna temple she funded in south Delhi on her birthday — that, interestingly, coincides with Indira Gandhi’s. Those present on the occasion said Radia prayed for long, presumably seeking divine intervention to wriggle out of the country’s biggest scandal. Before the temple visit, notices from the country’s Enforcement Directorate (ED), Income Tax (IT) Department and the...
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