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...

Eight Indian States are home to 421 million multidimensionally poor people, more than the figure of 410 million in 26 poorest African countries. The Multidimensional Poverty Index — which identifies serious simultaneous deprivations in health, education and income at the household level in 104 countries — brought out in the latest United Nations Human Development Report has calculated that South Asia is home to half of the world's multi-dimensionally poor population,...

The Prime Minister, Dr. Manmohan Singh, on Saturday, said that on his return to New Delhi, he would study the recommendations made by the National Advisory Council (NAC) on the issue of food security. Interacting with media persons accompanying him a three-nation visit to Japan, Malaysia and Vietnam, on a wide range of subjects onboard his special aircraft, Dr. Singh said: "When I will go back, I will try to acquaint...

Prime Minister Manmohan Singh will reassure South Korea President Lee Myung-bak that India will address all issues related to Pohang Steel Company’s (Posco’s) proposed $12-billion steel project in Orissa in a “constructive manner.” Posco India, which first announced the setting up of the massive plant five years ago, is facing environment roadblocks. Lee is likely to take up Posco’s case with Singh tomorrow. The two leaders, who are here for the East...

India’s performance at the Commonwealth Games in 2010 has been its best so far – second on the medals list.However, another kind of ‘competition’ ranked 84 countries in accordance with achievements in a different field this week. India was a lowly 67th. The field was hunger, measured by combining the proportion of people undernourished, the proportion of underweight children and the child mortality rate. The Global Hunger Index (GHI) 2010 –...