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Black money in Swiss banks down 50% since '06

-The Times of India   The information on tax evaders and those who have stashed unaccounted money abroad has started trickling in, with the government admitting for the first time that total deposits of Indians in Swiss banks have come down by more than 50% in the last five years. The total liabilities of Swiss banks towards Indians have declined in the last five years. The deposits of Indians have come down from...

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Auditing the auditors

-The Business Standard   Asking questions does not amount to passing judgements Just as correlation does not establish causation, asking questions does not amount to passing judgements. The Comptroller and Auditor General of India (CAG) is an important constitutional office that has a role to play in improving governance. However, going beyond one’s brief can always harm an institution in the long run and be counterproductive. An auditor’s dharma is to see if...

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In their voice by Ajoy Ashirwad Mahaprashasta

CGNet Swara in Chhattisgarh is a mobile radio platform that has helped bring tribal issues to national attention. MAHADEV SINGH, a Baiga tribal person, hails from a village situated atop a forested hill near Bilaspur, Chhattisgarh. While most of the neighbouring villages are electrified and welfare schemes from the government reach them to an extent, Mahadev's village has lost out in this regard owing to its inaccessibility. Mahadev and his...

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Tackling Black Economy: SC Takes Control from Government by Arun Kumar

The Supreme Court has converted a high-powered committee of the Government of India, on the issue of black money, into an SIT under its own direction. This is an expression of no-confidence in the executive. The government’s intention in tackling either the problem of black economy or bringing back the black savings stashed abroad is suspect. According to reports, the money stashed abroad by the corrupt businessmen, politicians and others...

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Investigating the investigation by Vidya Subrahmaniam

A court judgment delivered earlier this year holds important lessons for those engaged in investigating and fighting terrorism. Questioning the methods of terror investigation is always a challenge because it is so easily seen as defending the enemies of the nation. The exercise is monumentally difficult after a benumbing bomb attack — especially if it has been judged to be the work of a home-grown Islamist organisation. The raging anger at this...

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