-The Hindu In a fit of candour quite uncharacteristic of those holding high office, CBI Director Ranjit Sinha said on Tuesday afternoon what everyone knows to be the truth about the autonomy and independence of India's premier investigation agency. "I am a part of the government, I am not an autonomous body," he blurted out when asked for his reaction to the Supreme Court expressing its disappointment and anger at the...

-The Indian Express Why we need to revisit the 74th Amendment The National Panchayati Raj Day to mark the enactment of the 73rd Constitutional Amendment was observed on April 24 with due ceremony but little hype. Whatever the reasons for the celebration, even those are not available for the 74th Amendment dealing with municipalities. The Government of India's first line of defence on this issue is that these are state subjects. Nevertheless, the...

-The Indian Express By May 2, Sahara India Real Estate Corporation Ltd (SIRECL) has to prove the "genuineness" of all its investors to the Supreme Court. It has a difficult task on its hands: the name ‘Kalawati' figures 5,984 times on that list, same names appear against different locations, and geography takes a giant leap with ‘Jaipur Nagpur Maharashtra' and ‘187 Aurangabad Lucknow UP' mentioned as addresses. SIRECL had given the list...

-The Hindu     Minister relaxed tax benefit-related residency norms for foreign investors Finance Minister P. Chidambaram on Tuesday allayed apprehensions over the imposition of wealth tax on agricultural land within urban area limits to provide a big relief to farmers, especially in Haryana and Punjab. Mr. Chidambaram relaxed the tax benefit-related residency norms for foreign investors routing funds through countries such as Mauritius and lowered the withholding tax rate to five per cent from...

-The Times of India KOLKATA: Bengal finance minister Amit Mitra is in the CPM's firing line for attending a three-day Banga Sammelan at Las Vegas last year in which Sudipta Sen's Saradha Group was the main sponsor. A few days ago, the CPM had asked the government to reveal who sponsored chief minister Mamata Banerjee's chartered flight from Delhi on April 10. Mitra rejected the insinuations and said the state exchequer...