The government plans an umbrella law to tighten financial scrutiny and regulation of religious trusts and non-profit organisations as it looks to allay global concerns about money laundering and terrorist financing activities by such entities. It is also likely to make public names of organisations that claim tax exemption to ensure greater transparency. Some of India's religious trusts are among the richest in the world. Last year, Tirumala temple, managed...

As many as 17 top officials representing the senior bureaucracy are believed to have amassed or misappropriated nearly Rs 603 crore between 2007 and 2010. The Central Bureau of Investigation (CBI) has submitted a list of the officials under investigation to the parliamentary committee on assurances. The CBI says these officers had misappropriated funds from the exchequer and entered into criminal conspiracies by making huge illegal financial transactions. The CBI says it...

Resurgent food prices, which rose by 10% on average in many regional economies in Asia this year, can push an additional 64 million people into extreme poverty, an Asian Development Bank (ADB) report says. The study, titled, 'Global Food Price Inflation and Developing Asia', by the multilateral lending agency, finds that a 10% rise in domestic food prices could push an additional 64 million people, out of 3.3 billion people living...

The scheme has reduced rural migration and promoted financial inclusion, but needs to create more durable assets. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) – the only government social welfare scheme named after the other Gandhi, not belonging to Nehru-Gandhi family – has recently completed five years. The performance of the scheme, considered a major pillar of UPA government's strategy of inclusive growth, has been a matter of debate. The...

Many Indians eat poorly. Would a “right to food” help? “LOOK at this muck,” says 35-year-old Pamlesh Yadav, holding up a tin-plate of bilious-yellow grains, a mixture of wheat, rice and mung beans. “It literally sticks in the throat. The children won’t eat it, so we take it home and feed it to the cows.” Mrs Yadav has brought her children to a state-run nursery in Bhindusi village in rural Rajasthan. The...