Technically, we know how to check the black economy but the problem is political. More studies or committees and treaties with foreign governments are only to stall action. Another Joint Parliamentary Committee has been announced. The government has been trying to create an impression of being proactive with regard to tackling the black economy. The President's address and the speech by Sonia Gandhi in January mentioned the need to curb it....

At least 100,000 trade unionists marched through New Delhi on Wednesday in a protest against high food prices and unemployment, piling pressure on an administration under fire over corruption scandals. The demonstration was the biggest in New Delhi in years and included members of a trade union linked to the ruling Congress party, reflecting disquiet within the party over food inflation which hit a high of over 18 percent last December. It...

In an attempt to deal with the use of black money in Elections, the maximum poll expenditure for parliamentary constituencies has been increased to Rs 40 lakh and to Rs 16 lakh for assembly constituencies. Expenditure limit varies according to the size of states. On Wednesday, law ministry issued a notification amending the Conduct of Election Rules. At present, in big states, the upper spending limit in parliamentary constituency is Rs...

President Pratibha Patil today reaffirmed the government’s resolve “to maintain the momentum for reforms on a wide front”, prompting policymakers to outline the possible economic agenda ahead of the budget just a week away. Top officials offered their take on the phrase, mentioned in Patil’s speech to Parliament at the start of the budget session. According to the them, Prime Minister Manmohan Singh and finance minister Pranab Mukherjee are looking to...

Peasant leader and RTI activist Akhil Gogoi, who is spearheading an anti-corruption campaign in the state almost single-handedly, will move the Election Commission with details of property owned by ministers and their families ahead of the forthcoming Assembly Elections. Gogoi today said the recent asset lists made public by some of the ministers revealed only a small portion of their assets, scattered across different parts of the state. “Using the RTI Act,...