-The Economic Times While there are ripples in political circles over the estimated black money stashed by Indians in tax havens abroad - as quoted by the Central Bureau of Investigation chief Amar Pratap Singh on Monday - sources say that the agency has arrived at the figure following cross-checking several sources, reports and a rough estimation. "Most of the illegal money abroad forms part of tax evasion by individuals and companies,"...
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CBI chief’s wisdom: If king immoral, so will be subjects
-The Indian Express CBI director Amar Pratap Singh declared today that “if the king is immoral, so will be his subjects”, and sought “ethics in governance” while addressing an Interpol anti-corruption programme. In a hint at scams involving ministers, Singh said: “I am prompted to recall a famous verse from ancient Indian scriptures, which says ‘Yatha raja tatha praja’.” Singh said $ 500 billion (nearly Rs 24 lakh crore) had been stashed away...
More »Black money: Indians have stashed over $500bn in banks abroad, says CBI
-PTI Indians are the largest depositors in banks abroad with an estimated 500 billion US dollars (nearly Rs 24.5 lakh crore) of illegal money stashed by them in tax havens, the CBI director said on Monday. India, in particular, has suffered from the flow of illegal funds to tax havens such as Mauritius, Switzerland, Lichtenstein, British Virgin islands etc. "It is estimated that around 500 billion dollars of illegal money belonging to Indians...
More »The Lessons of Jaipur by Mukul Kesavan
Iqbal Masud, the civil servant and critic, supported the ban on The Satanic Verses in 1989. His reason was simple: if the book remained on sale in India, Muslims would march in protest, policemen would fire upon them, some of them would die, and no book, said Masud, was worth the life of a single protester. There were, he allowed, legitimate arguments to be made about incitement, about mobs marching against...
More »Nuclear power is our gateway to a prosperous future by APJ Abdul Kalam and Srijan Pal Singh
'Economic growth will need massive energy. Will we allow an accident in Japan, in a 40-year-old reactor at Fukushima, arising out of extreme natural stresses, to derail our dreams to be an economically developed nation?' Every single atom in the universe carries an unimaginably powerful battery within its heart, called the nucleus. This form of energy, often called Type-1 fuel, is hundreds of thousands, if not millions, of times more powerful...
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