-The Times of India The Cabinet on Thursday will consider a Bill providing for time-bound delivery of services like pensions, passports, caste certificates, ration cards and Tax Refunds with a penalty of Rs 250 a day subject to a maximum of Rs 50,000 for default. The right of citizens for time-bound delivery of goods and services and redressal of grievances Bill is to be enacted under the concurrent list, which means all...
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CBI cracks racket of fake I-T returns, I-T refunds-Rahul Tripathi
In what the CBI says could be the “tip of an iceberg”, the agency has found at least 1,100 cases of allegedly fraudulent refund checks issued by the Income Tax department that has resulted in the illegal withdrawal of more than Rs 6 crore over the last three months. The CBI has arrested two persons, including an accountant: Pankaj Kumar Gupta and Amit Kumar Sharma. Both, allegedly in league with IT...
More »Vodafone tax case: Govt refunds Rs 2,500 cr plus 4% interest
-PTI Within hours of Supreme Court dismissing the review petition in the Vodafone's tax case, government on Tuesday refunded about Rs 2,500 crore plus four percent interest to the firm. When asked, a Vodafone spokesman said "the money has been refunded--Rs 2500 crore plus four per cent interest". Earlier, Law Minister Salman Khurshid told reporters that the government would have to repay the money. "To curative petition to my knowledge ... I suppose...
More »Right-to-information request found nearly as effective as bribing in India by Stephanie Nolen
Using India’s populist Right to Information process gives citizens about as good a chance of receiving basic services as paying a bribe does, providing a new, and surprising weapon in the war against corruption. Two doctoral candidates in political science at Yale University recruited slum dwellers in Delhi and asked them to apply for a “ration card,” which allows people living below the poverty line to buy food at subsidized prices....
More »Rs 30,000 crore black money recovered by CBDT
-PTI Taxmen have seized black money to the tune of a whopping Rs 30,000 crore in the country in the past two years, said the Central Board of Direct Taxes (CBDT) which is set to get investigative powers to boost its drive against wrong-doers. The CBDT is in the process of creating a Directorate of Criminal Investigation after getting approval from finance minister Pranab Mukherjee last week. CBDT chairman Sudhir Chandra said...
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