For five years, they controlled the administration in impoverished Bellary, even flattened state boundary markers to excavate iron ore—while insisting they had no mining interests in Karnataka. Now, the reign of the rulers of the “Republic of Bellary”—as the unofficial influence of two Bharatiya Janata Party​ (BJP) ministers and a milk federation chief, collectively called the Reddy brothers—appears to be at an end. As the Supreme Court on Friday banned all mining...

The Centre today promised a “comprehensive study” to gauge black money but told the Supreme Court it couldn’t reveal information on such cash stashed abroad because of “confidentiality” clauses in overseas pacts. The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace. The National Institute of Public Finance and Policy, the National Institute of Financial Management...

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...

KEY TRENDS • As per the information collected by the Ministry of Tribal Affairs (MoTA) upto 31 October, 2017, 41,89,827 claims (40,50,131 individual and 1,39,696 community claims) have been filed and 18,24,271 titles (17,59,955 individual and 64,316 community claims) have been distributed. A total of 36,51,414 (87.15 percent) claims have been disposed off @@ • In the last 10 years, only 3 percent of the minimum potential of CFR rights could be...