-PTI The World Bank has announced $ 4.3 billion financial aid to India through a new innovative and flexible financing arrangement to help the country fight poverty. This arrangement, while facilitating a $ 4.3 billion increase in support to India, is designed to maintain International Bank for Reconstruction and Development's (IBRD) - which is its lending arm - net exposure within the limit of $ 17.5 billion established by it. In a statement,...

Indians with undisclosed foreign assets and offshore bank accounts will be in for a shock this Budget if the finance ministry clears a proposal empowering income tax authorities to reopen assessments up to 16 years as against 6 years now.  The proposed amendment, the ministry feels, may not only act as a deterrent, but also put pressure on people to declare their wealth stashed away in Swiss banks and tax havens.  In...

Greedy lawyers and lack of awareness condemn women undertrials twice over Kanimozhis All?     Total number of male and female convicts in India: 1,23,941; Number of undertrials: 2,50,204     Number of female prisoners: 15,406; Female undertrials: 10,687     Female prisoners compromise 4.1 per cent of the prison population     469 women convicts with their 556 children and 1,196 undertrials with their 1,314 children are in prisons across the country     Official capacity of prisons in...

-The Telegraph   The Centre has reached an agreement with the BJP to pass a bill on pension reforms in the next “two or three” days, according to a cabinet minister. It has also been working on UPA partner Trinamul Congress, which is opposed to the bill. The BJP agreed after the government gave in on two of its demands related to the legislation, the Pension Fund Regulatory and Development Authority Bill, 2011. One was...

-The Indian Express   Prime Minister Manmohan Singh today declared that there were "no irritants" in Indo-US ties as he met US President Barack Obama here and disucssed the ways to implement the civil nuclear deal. Singh, who met Obama for the first time after latter's trip to India last November, also talked about strengthening the Bonds of strategic ties put in place during the historic visit of the US President to India...