-The Hindustan Times The government is pushing for making it mandatory for recipients of funds from abroad to clearly identify themselves. The reason: intelligence agencies caution that some small money transmission agents are funneling funds for terror activities. As recording all recipients’ photographs has been found cumbersome, the authorities, on the RBI’s advice, may demand Aadhar unique ID numbers — after the numbers are made available — even from individuals receiving less than...

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...

-Rediff.com    The last six to seven years of the Nitish Kumar government in Bihar has not seen any significant increase in Maoist violence, which nevertheless continues to take a toll of lives and government property. According to figures compiled by the state police headquarters, in 2008, the Maoists destroyed three government buildings, blasted railway tracks at six places, besides two private buildings, torched five JCB machines used in road construction and 12...

-The Indian Express CBI director Amar Pratap Singh declared today that “if the king is immoral, so will be his subjects”, and sought “ethics in governance” while addressing an Interpol anti-corruption programme. In a hint at scams involving ministers, Singh said: “I am prompted to recall a famous verse from ancient Indian scriptures, which says ‘Yatha raja tatha praja’.” Singh said $ 500 billion (nearly Rs 24 lakh crore) had been stashed away...

-The Times of India   The Supreme Court on Friday ruled that lodging under-trial accused in jailindefinitely will breach their fundamental right to life and ordered release of joint managing director of a big grain export firm on bail in a case of alleged defrauding of nationalized Banks. Releasing Dipak S Mehta of Vishal Exports Overseas Ltd on bail similar to the apex court's earlier decision to grant bail to corporate bigwigs...