Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...
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Tribals take to tree-farming for better returns
Non-governmental organisation BAIF Development Research Foundation is encouraging tribal farmers to take up tree-based farming on degraded wasteland around their plots under a unique model of sustainable growth since the beginning of this year. A movie, Wadi', depicting this agri-horti-forestry effort was launched in the city on Wednesday. To begin with, the model was implemented in the Nashik, Ahmednagar and Thane districts of Maharashtra and in Gujarat, Karnataka and Rajasthan....
More »Merry cocktail of gossip, speculation, politics and policy on Radia tapes by Vidya Subrahmaniam
Offer insights into the working of government and throw up a wonderful cast of sidekicksIf the first tranche of the Niira Radia tapes showed the shocking penetration of the key pillars of the State by a powerful corporate lobbyist, the second instalment released by Outlook magazine takes the story further, offering delightful insights into the working of government and revealing a wonderful cast of sidekicks and supporting actors who cut...
More »FinMin probing more than 100 overseas deals for tax evasion
The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman's net. The multi-pronged probe has been undertaken by the international taxation wing of the Income Tax department and the foreign taxation unit in the Central Board of Direct Taxes (CBDT). A number of investments and deals to the tune of billions of rupees...
More »A primer on the CAG by MV Kali Prasad
The Comptroller and Auditor General of India is a Constitutional Authority set up by the Constitution of India. Provisions of the CAG are contained in Article 148 (Comptroller and Auditor General of India), 149 (Duties and powers of the CAG), 150 (Form of accounts of the Union and of the States), and 151 (Audit reports) of the Constitution. He draws a salary equal to the judge of the Supreme Court.POWERS...
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