-The Times of India NEW DELHI: The Prime Minister's Office held an urgent meeting with income tax department officials on Monday to discuss the fallout of the PM's National Relief Fund facing de-recognition of its Permanent Account Number (PAN). Having received objections from some quarters that the PM's relief fund is a private body and not a government entity, the PAN obtained for receiving donations faces de-recognition as it was obtained in...

-The Indian Express The Gujarat model of development is not what its champions say it is Having realised that the people of India have not exonerated him for the post-Godhra killings of Muslims in 2002 on his watch, Gujarat Chief Minister Narendra Modi systematically tried to build up his image as a "man of development"(vikas purush). The Sangh Parivar called it the "Gujarat model of development" and started propagating it. But what...

-The Times of India BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates. To make matters worse, depositors continue to be taxed on this nominal income. Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks...

-The Times of India MUMBAI: Less than one in five single working women, excluding those divorced and widowed, take their own investment decisions, a recent all-India survey has found. Despite handling responsibilities at their workplace, they depend on parents and family members, friends and financial advisers when it comes to taking a call on money matters such as where and how much to invest. The reasons for this behaviour vary from...

-The Hindu The order may give rise to property and employment benefit claims relating to unmarried people. Parents could find sexual partners of their children making demands for a share of their assets. The discussion on the Madras High Court verdict on the implications of sexual relationships between unmarried couples has been wide-ranging - from mirthful responses to the suggestion that such liaisons could attain marital status under certain circumstances, to sympathetic...