-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,...

-The Hindustan Times From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. The white paper does not, however, disclose names...

-The Economic Times, The Cabinet has cleared a proposed Bill empowering the Reserve Bank of India (RBI) to regulate all microfinance institutions (MFIs). A central legislation makes sense only to the extent that it over-rides draconian state-level laws. However, the Bill suffers from many infirmities. And it is unfortunate that these have been overlooked. The law, if enacted, is likely to kill small MFIs and hurt the sector that is struggling...

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...

One would expect a debate such as the current one on poverty estimates to be conducted with a serious exploration of its various facets. However, instead of a comprehensive, fact-driven exploration, the debate has yielded aspersions on the intellectual honesty of academicians. Although given its electoral connotations, one does expect political biases to creep into the debate, the barrage of criticism hurled at the Planning Commission, over its affidavit in...