-The Times of India The government's white paper on black money, tabled in Parliament on Monday, listed a one-time tax amnesty to recover funds stashed abroad and a gold deposit scheme for locals as possible ways to deal with the menace, while suggesting that individuals get the tax department's go-ahead for all property deals and face undue scrutiny on cash in their possession. It also called for setting up of independent regulators,...

-The Telegraph The lokpal bill faces further delay with the Rajya Sabha today referring it to a 15-member select committee by voice vote, but not before the Opposition accused the government of playing “games” and trying to bypass House business rules. The select committee, to be made up by members from various parties, is to hand in its report by the last week of the monsoon session. The BJP, CPM and the Bahujan...

-The Hindustan Times Following a day-long drama, the government and the opposition parties finally decided on Monday to refer the lokpal and lokayuktas bill to a fresh House panel for further scrutiny, virtually bringing Anna Hazare and his team back to life. Within moments of the Rajya Sabha passing a government resolution to set up a 15-member select committee to examine the bill, Team Anna announced that Arvind Kejriwal would lead...

-The Hindustan Times From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. The white paper does not, however, disclose names...

The government may make mandatory the disclosure of high-value purchases such as property and jewellery. Stung by growing public outrage over corruption, finance minister Pranab Mukherjee will on Monday spell out steps taken and planned to curb proliferation of black money. There are no clear estimates of the size of India’s black economy but the amount is pegged between $462 billion (Rs.22 lakh crore) and $1.4 trillion (Rs.77 lakh crore). Mukherjee...