-PTI Details of assets and payments received by Indian citizens in several countries have "started flowing in" and are being investigated, Finance MinisterPranab Mukherjee disclosed on Saturday. Information about wealth stashed away in Swiss banks by Indians is expected by the government before the end of the year, he indicated after pointing out that India had signed a Double TaxationAvoidance Treaty withSwitzerland. The treaty is likely to be ratified by the Swiss...
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ICAI report on black money to be ready in Sept
-PTI The Institute of Chartered Accountants of India (ICAI) today said it would submit its report to the government in September, suggesting changes required in the key economic Acts such as Income Tax and FEMA to tackle the menace of black money and ways of retrieving it from tax havens abroad. ICAI had said earlier this month that the report was expected in August. A committee, headed by ICAI President G Ramaswamy, is...
More »‘Inclusion of RAW chief in SIT highly objectionable’ -by Krishnadas Rajagopal
New Delhi : The government finds it “highly objectionable” that the Supreme Court included the Director, Research and Analysis Wing (R&AW), in a Special Investigation Team set up to investigate black money cases. “What is of serious concern and highly objectionable is the inclusion of the Director, Research and Analysis Wing, in the SIT,” said the government in an application filed in the Supreme Court seeking the recall and modification of...
More »Judiciary taking over executive's functions: Govt to SC by Dhananjay Mahapatra
The Centre on Friday vented its strong opposition to what it termed the judiciary taking over the executive's function and moved the Supreme Court seeking recall of the black money order to oversee a probe that includes alleged hawala operations of Hasan Ali Khan and Kashinath Tapuria. "The order completely eliminated the role and denuded the constitutional responsibility of the executive which itself is answerable to Parliament," the UPA government said,...
More »‘At the first meeting, Shanti Bhushan said something about how we are here, writing the Constitution afresh’ by Ravish Tiwari
Team Hazare has been very critical of the responses of the government representatives in the drafting committee. They even said the Lokpal had become a Jokepal. During the discussions, we did not want to do anything that would upset the applecart. We did not go to the media, except for Kapil Sibal who held a daily briefing. The Hazare team did not want a joint briefing. We agreed. We did a...
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