-First Post A lot has been written in recent weeks about crony capitalism, but an important issue for the media to introspect over is this: can this happen without significant amounts of crony journalism? When media companies begin to think they can run coal plants, surely this compromises them (Lokmat Group, DB Corp). When political parties think they ought to own media houses or be aligned to one (YSR Congress’ Sakshi, the...

-Macroscan.com In his speech introducing the 2012-13 budget, the then Finance Minister Pranab Mukherjee had declared his intention to introduce a General Anti-Avoidance Rule (GAAR) to counter ''aggressive tax avoidance schemes''. What GAAR means is that even if a transaction appears to be legally valid, if it is entered into for the sole purpose of tax avoidance, then the Indian tax authorities can deny tax benefit to the concerned entity. GAAR...

-The Times of India Unwilling to risk their futures to political vagaries, corporate houses tend to hedge their bets and contribute to political parties across the spectrum. Data analyzed by the Association for Democratic Reforms and the National Election Watch has found that the trust which made the maximum contributions to political parties is the General Electoral Trust of the Aditya Birla Group, with Rs 36.46 crore to the Congress between 2003-04...

-PTI Homemakers may soon start getting monthly salaries from their husbands with the government mulling a proposal which would make it mandatory for men to share a certain percentage of their income with their wives who stay back and do household chores. The proposal is being considered by women and child development ministry for socio-economic empowerment of homemakers. “Whenever we ask housewives what they do, most of them say they do nothing. So...

-The Times of India LUCKNOW: The major source of the income of political parties in India is through donations and voluntary contributions. However, majority donations comes from undisclosed contributors. According to the study conducted by the Association of Democratic Reforms (ADR), an umbrella body of non-governmental organizations working across the country for transparency in political and electoral system, the top five political parties with the highest total income between financial year (FY)...