-The Hindu Business Line Unlike in the 1970s, the moral outrage over glaring differences has given way to an aspirational ethos For those who have lived in Indian cities long enough, it is difficult to miss the remarkable change in people's tolerance of economic inequality. Back in the 1970s, economic inequality was a major part of the urban discourse. The various dimensions of inequality dominated coffee house discussions, theatre and even popular cinema, contributing...

-The Indian Express In an article in these columns (‘A fertile mess', IE, December 11), Ashok Gulati says India has landed its fertiliser industry in a mess because of rising subsidies, lagging investment, unbalanced use of fertilisers and diversion of urea for other uses, among other things. He blames it all on administered pricing and subsidy costs, and advocates the increase of urea prices or cash transfer of the fertiliser subsidy...

-PTI Global Financial Integrity puts the cumulative illicit money moving out of the country at Rs 28 lakh crore in 10 years Washington: As India continues its pursuit of suspected Black Money stashed abroad, an international think-tank has ranked the country third globally with an estimated USD 94.76 billion (nearly Rs 6 lakh crore) illicit wealth outflows in 2012. As a result, the cumulative illicit money moving out of the country over a...

-The Hindu Business Line   Wants PAN used in payments over ₹1 lakh, cap on amount of cash a person can keep Income Tax authorities have traced about ₹4,500 crore in undisclosed money in bank accounts overseas, a Special Investigation Team (SIT) probing the matter said in its second report to the Supreme Court. The report, released on Friday, said investigations are pending in 33 cases involving an amount of ₹14,957.95 crore, and that...

-The Hindu It is not the responsibility of the government alone to act in order to curb corruption; corporate firms need to be proactive as well in checking fraudulent financial practices The winter session of Parliament witnessed a noisy debate on the Black Money controversy. Governments of all hues have disappointed the Indian janata on the issue of Black Money and the failure is often associated with a perceived nexus between politicians...