-The Hindu   Revised pact with Switzerland will allow India to obtain banking information in specific cases: Finance Minister   Having impressed upon the G-20 nations the need to adopt automatic sharing of banking and tax-related information at the Paris Ministerial meeting last weekend, Union Finance Minister Pranab Mukherjee on Wednesday sought to highlight the “noteworthy” achievements and the progress made back home in unearthing unaccounted income. In his inaugural address at the ‘Economic Editors'...

-The Times of India   Central Bureau of Investigation (CBI), National Investigation Agency (NIA) and newly-formed NATGRID have joined the exclusive list of organizations that are exempted from sharing information under the RTI Act except for the matters pertaining to allegations of corruption and human rights violations. Prime Minister Manmohan Singh had approved in June that these three organizations would be spared from sharing information under the second schedule of the RTI Act....

The Serious Fraud Investigation Office (SFIO) will have powers to investigate and prosecute corporate entities under the Companies Bill, 2011, expected to be cleared by the Union Cabinet before Diwali.  The bill also envisages rotation of company auditors for higher accountability, corporate social responsibility, a more effective regulation of related party transactions and stricter provisions to prevent siphoning of funds through subsidiary and associate companies.  The government expects the bill to modernise,...

Full text of the speech delivered by the Comptroller and Auditor General to young police officers at the Sardar Vallabhbhai Patel National Police Academy in Hyderabad on October 11, 2011. I am happy to be present today at this premiere training institution to address a group of young officers at the threshold of their careers, as well as senior officers occupying responsible positions in the State Police forces. In a world...

What began as a few whispers is now a booming drumbeat. Powerful senior ministers are asserting that the Right to Information Act (RTI), till now flaunted as one of the UPA government’s biggest gifts to the aam aadmi, is “transgressing into government functioning”. Similar misgivings are being voiced on another constitutional body that has been in the news lately—the Comptroller and Auditor General of India (CAG). Put together, this has...