-The Hindu As part of the first phase of the operation, the department had sent online queries and investigated 17.92 lakh persons out of which 9.46 lakh persons have responded. New Delhi: As part of the second phase of the 'Operation Clean Money' (OCM) launched Friday to unearth black money, the Income Tax department will probe over 60,000 individuals including 1,300 high risk persons for alleged excessive cash sales post demonetisation on...
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Plea for army leeway in Manipur
-The Telegraph New Delhi: The Centre today approached the Supreme Court seeking recall of two orders directing a probe into all cases of alleged excessive use of force under the Armed Forces Special Powers Act during counter-insurgency operations in Manipur. Attorney-general Mukul Rohatgi urged a bench headed by Chief Justice J.S. Khehar for urgent listing of an "open court" hearing of the curative petition challenging the July 8, 2016, judgment of the...
More »Era of Nehruvian 5-year plan draws to a close -Mahendra Singh
-The Times of India NEW DELHI: The five-year plan, a relic of Nehru-era economic policy, will officially be buried as the Niti Aayog's governing council is likely to approve the government's new policy document: the three-year action plan (2017-2020). The government had announced that it would junk five-year plans from the current fiscal, after the 12th Plan ended on March 31, 2017, and replace it with three-year action plan and 15-year vision...
More »In loan waivers, 'moral hazard' and continued hope for political gains -Shaji Vikraman
-The Indian Express Urjit Patel has voiced concern publicly over the latest loan waiver — saying it engendered a moral hazard and undermined the honest credit culture. In February 1990, in the months preceding the build-up to the balance of payments crisis the next year, Madhu Dandavate, Finance Minister in V P Singh’s National Front government, announced a debt relief scheme for farmers to fulfill a promise made by the alliance in...
More »Supreme Court ruling on note exchange window in July -Dhananjay Mahapatra
-The Times of India NEW DELHI: If you are still left with scrapped Rs 1,000 and Rs 500 notes, having failed to deposit them in banks by the December 30 deadline, you could hold on to them till July-end. The Supreme Court said on Tuesday it would decide in July whether the government should be asked to open a window for those who could not deposit the scrapped notes in time due...
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