-The Times of India The government's white paper on black money, tabled in Parliament on Monday, listed a one-time tax amnesty to recover funds stashed abroad and a gold deposit scheme for locals as possible ways to deal with the menace, while suggesting that individuals get the tax department's go-ahead for all property deals and face undue scrutiny on cash in their possession. It also called for setting up of independent regulators,...

In an unprecedented action, the Supreme Court on Thursday asked the government to inquire into allegations of corruption and misconduct levelled against former CJI and present NHRC chief K G Balakrishnan. A bench of Justice B S Chauhan and Justice J S Khehar said "the competent" authority in the government would conduct a detailed inquiry into the complaint against him by Committee for Judicial Accountability. The committee had alleged that Justice Balakrishnan's...

The Supreme Court has taken steps to lay down a code for media reporting. This attempt at prior restraint on the media is a dangerous move with precedent from authoritarian polities. In a context where the judiciary has been lax in defending the media from attacks which seek to curb its freedom, such unilateral moves will not remedy bad reporting but rather make conditions worse for the media to play...

Rudyard Kipling opens his superb novel with the street urchin Kim teasing the son of a wealthy man. Kim kicks Chota Lal, whose father, Lala Dinanath, is worth half-a-million sterling, off the trunnion of the mighty cannon Zam-Zammah. Kipling loved India and wrote that it was the only democratic place in the world. It warms us to read this, but of course this was quite untrue in Kipling’s time and...

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...