-Live Mint Govt reiterates it will crack down hard on tax evaders, defends steps introduced in Finance Bill to check evasion The government on Tuesday reiterated its intention to crack down hard on tax evaders and defended some of the stringent provisions introduced in the Finance Bill last week to check evasion, including granting wider powers of arrest to taxmen and making certain offences non-bailable. Finance minister P. Chidambaram, in his budget speech...

-PTI The postal department plans to enter the banking business with the Reserve Bank of India deciding to grant new bank licences to entities with credible track-record. Consultant appointed Sources said the Department of Posts, which has a strong foot print in rural areas, has appointed Ernst and Young (E&Y) as the consultant for the proposed ‘Post Bank’ “Ernst and Young is expected to submit a detailed project report by April, after which all...

-The Hindu India’s infrastructure is bursting at the seams, unable to cope with the pressure from the growing economy. Developing the sector will help to create jobs and result in higher economic growth The Gross Domestic Product (GDP) is likely to grow 5.5 per cent and the economic slowdown shows no sign of halting. India’s infrastructure is bursting at the seams, unable to cope with the pressure from the growing economy. Spurring...

-Counter Currents The Aadhaar scheme of the Unique Identification Authority of India (UIDAI) is to provide India's billion-plus people with a unique identification number. Enrolling into the scheme was and still is not mandatory, though it was mentioned that it would be difficult for people to access public services in the absence of enrolment. The scheme requires individuals to provide their photograph, fingerprints and iris scan together with documentary personal information,...

-The Times of India The Companies Bill, 2012, passed by the Lok Sabha a few months ago, has recognised the importance of diversity in the board room. Certain class of companies will soon be required to have at least one woman director on board. The EU has long recognised the value that women directors bring to the table. But, policies need to be reworked even at the ground level. With the budget...