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Demonetisation did not impede future black money flows: UN report

-IANS As per the report, the disruption caused by demonetisation had ‘greater and longer-lasting’ impacts for lower-income individuals, households and businesses. The Indian government’s demonetisation measures did not impede future black money flows in new denominations, a UN report said on Monday. According to UN Economic and Social Survey of Asia and the Pacific 2017, complementary measures to demonetisation would be required to target all forms of undeclared wealth and assets. “Broader structural reforms...

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UNESCAP: Note ban effect 'transient'; India to grow 7.1% in 2017 -Surabhi Prasad

-The Hindu Business Line Sees enhanced infra spending, higher consumption New Delhi: While noting that demonetisation of high value currency by the government last year will help bring in more taxpayers into the tax net, the United Nations ESCAP in a new report has said that more measures will be required to fight black money in the future. “The measure did not, by itself, impede future black money flows in new denominations. …...

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Delayed notification, non-uniformity in rules may dilute RERA: Icra

-PTI RERA Act would bring about a paradigm shift in the way the real estate industry operates Even as the Real Estate Regulatory Act (RERA) comes into effect, delay in issuing notification and non-uniformity of rules across the states may dilute its effective implementation, says the rating agency Icra. The Act would bring about a paradigm shift in the way the real estate industry operates and improve the level of transparency and accountability...

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Minority rights, NGO crackdown raised at UN meet, India says freedoms secure -Shubhajit Roy

-The Indian Express Concept of torture alien to our culture: Attorney General Mukul Rohatgi New Delhi: From complaints of eroding minority rights and religious intolerance to the crackdown against NGOs, women’s rights to LGBT rights, Kashmir to Afrophobia — India’s track record on human rights came under sharp scrutiny at the UN Human Rights Council on Thursday in Geneva. Several countries expressed concerns on India’s FCRA laws, incidents of religious intolerance, women’s rights...

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Removal of corporate contribution cap has hit transparency: CEC -Sofi Ahsan

-The Indian Express He added that the amendment means that companies are not required now to show the names of political parties they have contributed to. Chandigarh: Chief Election Commissioner Nasim Zaidi on Saturday said that amendments to the Companies Act of 2013, removing cap on corporate contribution to political parties, are “basically hitting” transparency in funding. “Two things are likely to happen in future. There would be less and less...

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