-The Times of India   Finance minister Pranab Mukherjee on Wednesday said the government had received information from France about Rs 400 crore unaccounted money in as many as 69 overseas accounts of Indians and had recovered Rs 30 crore in taxes from them. Briefing economic editors, the FM said with the help of Double Taxation Avoidance Agreement (DTAA) with France, India was able to extract some information regarding Indians having bank accounts. He...

Maulana Syed Mohammad Ashraf Kachochavi is the General Secretary of the All-India Ulama & Mashaikh Board (AIUMB), a Sufi sect that came from nowhere to take Moradabad — and the Muslim world — by storm last week. Soft-spoken and gentle, with long robes and a flowing beard, he fits the part of the Sufi cleric to perfection. Yet on stage at the Sufi Maha Panchyat, he roared like a lion, hurling...

-The Economic Times   Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.  Basu believes that labour cost differences between the developed and labour-surplus countries such as India that have been in existence for a long time have now started narrowing which is feeding into higher prices within the country.  "The reason for inflationary pressures in India is that...

AS THE UPA government struggled to hide its embarrassment over the finance ministry note on the 2G spectrum allocation, the RTI Act — through which the note was made public — has become the whipping boy. Senior Cabinet members such as Corporate Affairs Minister Veerappa Moily and Law Minister Salman Khurshid have hit out at the ‘misuse’ of the transparency law. Moily called for a national debate as he claimed RTI...

-The Economic Times   Sports Minister Ajay Maken on Monday unveiled a revised National Sports Development Bill that retains the contentious provisions on age limits and tenures of heads of sports bodies, but introduces an exclusion clause to protect certain information while bringing sports federations within the ambit of Right to Information Act.  "We strongly feel the functioning of the sports federations should be transparent. If they oppose it then there is something...