-The Times of India CHENNAI: If an anti-corruption website ( www.ipaidabribe.com) set up by Bangalore-based NGO Janaagraha is an indicator, Chennai is the second most corrupt city in the country after Bangalore. More than 1,100 Chennaiites posted on the website, which encourages voluntary disclosure of bribe-paying, that they had cumulatively paid more than Rs 7 crore in the last three years to grease the palms of government officers. Most pertain to land...
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CAG questions Rs 3,000 crore of investments by two Tata trusts -Josy Joseph
-The Times of India NEW DELHI: A detailed audit by the Comptroller and Auditor General of India of some major trusts run by business houses and sports bodies has allegedly revealed misuse of income tax exemptions granted to them. Among them are at least two Tata trusts and a number of state cricket associations. The audit report, one of the first to be signed by the new CAG, S K Sharma,...
More »Sacked Open Journalist Says He’ll Go to Court-Vibhuti Agarwal
-Wall Street Journal Blog The political editor of one of India's leading English-language weekly magazines, says he will take legal action over his sacking after he was allegedly offered thousands of dollars to leave the company quietly. "I got a termination letter after I refused to take 1.5 million rupees ($23,788) to leave the company on congenial terms," said Hartosh Singh Bal who left Open magazine on Wednesday. "I won't stay silent. I...
More »Muzaffarnagar riots: For Rs 5 lakh, 900 families give up their right to return home -Pritha Chatterjee
-The Indian Express Muzaffarnagar: With winter setting in, and the conditions in relief camps fast deteriorating, over 900 displaced families in Muzaffarnagar and Shamli districts have signed affidavits stating that they will not return to their villages, in return for a compensation of Rs 5 lakh from the state government. "Main aur mere parivar ke sadasya apne gram mein hui hinsatmak ghatnaon se bhayakant hokar gaon va ghar chhodkar aaye hain, tatha...
More »Inflation eroding savings of Indians living in metros: Survey
-PTI Soaring inflation, high fuel cost, rising cost of education and health insurance premiums have eroded the real incomes of middle-class Indian families, with household savings rates dropping by a staggering 40 per cent in the last three years, says an Assocham survey. "Poor households are unable to maintain the consumption levels at current prices while middle income families find their purchasing power erode fast, thus having far less surplus Money," Assocham...
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