The government plans an umbrella law to tighten financial scrutiny and regulation of religious trusts and non-profit organisations as it looks to allay global concerns about money laundering and terrorist financing activities by such entities. It is also likely to make public names of organisations that claim tax exemption to ensure greater transparency. Some of India's religious trusts are among the richest in the world. Last year, Tirumala temple, managed...

As many as 17 top officials representing the senior bureaucracy are believed to have amassed or misappropriated nearly Rs 603 crore between 2007 and 2010. The Central Bureau of Investigation (CBI) has submitted a list of the officials under investigation to the parliamentary committee on assurances. The CBI says these officers had misappropriated funds from the exchequer and entered into criminal conspiracies by making huge illegal financial transactions. The CBI says it...

Making it clear that illegal mining would not be allowed to continue, the Supreme Court, acting on a report of the Central Empowered Committee (CEC), on Friday directed suspension of the 19 mining leases in Karnataka in the Bellary region and restrained these mines from carrying on operations until further orders. The Forest Bench comprising Chief Justice of India S.H. Kapadia, Justice Aftab Alam and Justice K.S. Radhakrishnan passed the restraint order...

A member of the Sonia Gandhi-headed National Advisory Council today said the delay in enacting the food security law amounted to “corruption”. “The food security bill is delayed. This is corruption,” Aruna Roy said at a seminar here, strongly pitching for legal guarantees on food security to every citizen in the country. The draft bill finalised by the NAC seeks to provide subsidised grain to up to 75 per cent of the...

In comments that could fuel a fresh controversy over the black money issue, WikiLeaks founder Julian Assange on Tuesday said there are Indian names in the Swiss bank data list that are going to be made public. “Yes, there are Indian names in the data that we have already published or are going to publish. I can't remember specifically whether there are Indian names in the coming publication. But I have...