Drug smugglers and third-world dictators laundering ill-gotten wealth through secretive banking systems in tax havens is an anachronistic image from crime novels. Leveraging US' remarkable success in compelling tax havens to block terrorist financing, the G20/OECD have successfully persuaded tax havens to improve tax transparency and participate in an international regime of information exchange.  All tax havens have committed to OECD standards for tax transparency and are executing Tax Information Exchange...

A moratorium is not the magic bullet that can slay Bengal’s fiscal demons, several economists have said, pointing out that postponing the inevitable will be of little use unless backed up by a revenue Mobilisation road map. Chief minister Mamata Banerjee had yesterday set a 15-day deadline for the Centre to announce a three-year moratorium on the payment of interest on the loans Bengal had taken. “A moratorium on repayment obligations can...

BANGALORE: Protests against government's alleged attempt to govern the internet is gathering steam, with a public interest litigation in Kerala, a signature campaign and mass protests in Karnataka besides the political left throwing its weight behinds demand to withdraw the recently amended laws. The new rules, adopted last year, regulates reader's comments on online articles, user-posted videos, blogs, photos and posts on online social networks such as Facebook or Orkut. Opponents...

MGNREGA can only succeed if politics is taken seriously in the design of accountability mechanisms Does political competition enhance a poor person’s access to anti-poverty initiatives such as the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA)? Just as some economists believe that competition is an effective way to improve management and productivity, in politics too, some hold that political competition is better than single-party monopoly, because it forces political parties...

Anand Patwardhan’s paean to Dalits, that took 14 years to compose, probes even as it praises, says Saroj Giri THERE IS an entrenched tendency to represent Dalits fighting for rights and reservations as just (another) competitive bloc vying for self-interest and power. It leads to a pernicious inversion: ‘Dalit rights’ dividing the nation along caste lines. Victim as perpetrator! Anand Patwardhan’s film Jai Bhim Comrade takes us beyond the grid of...