-The Times of India The government's white paper on black money, tabled in Parliament on Monday, listed a one-time tax amnesty to recover funds stashed abroad and a gold deposit scheme for locals as possible ways to deal with the menace, while suggesting that individuals get the tax department's go-ahead for all property deals and face undue scrutiny on cash in their possession. It also called for setting up of independent regulators,...

-The Hindustan Times Following a day-long drama, the government and the opposition parties finally decided on Monday to refer the lokpal and Lokayuktas bill to a fresh House panel for further scrutiny, virtually bringing Anna Hazare and his team back to life. Within moments of the Rajya Sabha passing a government resolution to set up a 15-member select committee to examine the bill, Team Anna announced that Arvind Kejriwal would lead...

Institutions the bill proposes to set up are not adequately independent of the government The government is reported to be making efforts to seek a consensus amongst its allies and the opposition parties on the Lokpal Bill that is awaiting approval of the Rajya Sabha. People’s movements and some of the main opposition parties have objected to various provisions of the Lokpal and Lokayukta Bill, 2011, as passed in the winter...

The government may make mandatory the disclosure of high-value purchases such as property and jewellery. Stung by growing public outrage over corruption, finance minister Pranab Mukherjee will on Monday spell out steps taken and planned to curb proliferation of black money. There are no clear estimates of the size of India’s black economy but the amount is pegged between $462 billion (Rs.22 lakh crore) and $1.4 trillion (Rs.77 lakh crore). Mukherjee...

-The Hindu Amendments to be introduced to Lokpal Bill in the RS on May 21 or 22 The government is expected to introduce a few amendments to the pending Lokpal Bill in the Rajya Sabha either on Monday or Tuesday, when it is expected to be moved for consideration and passage. A key amendment pertains to de-linking of Lokayuktas from Lokpal. Regional parties are opposed to creation of Lokayukta as proposed by...