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Black money in Swiss banks down 50% since '06

-The Times of India   The information on tax evaders and those who have stashed unaccounted money abroad has started trickling in, with the government admitting for the first time that total deposits of Indians in Swiss banks have come down by more than 50% in the last five years. The total liabilities of Swiss banks towards Indians have declined in the last five years. The deposits of Indians have come down from...

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EGoM nod to cash subsidy for kerosene

-The Economic Times   An empowered group of ministers has in-principle agreed to give direct cash subsidy to the poor for kerosene, as recommended by a task force headed by Nandan Nilekani, but it will launch the scheme only after consulting the state governments. "We cannot finalise any programme on kerosene unless we discuss (it) with the state governments," oil minister Jaipal Reddy said. The EGoM on fuel, headed by Finance minister Pranab...

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Centre to soon consult states on draft Food Bill

-PTI   The Centre will soon initiate the consultation process with the state governments on the draft National Food Security Bill that aims to provide legal right on subsidised foodgrains to 68 per cent of India's population. "We will at the earliest start the consultation process with the states. The law ministry has already vetted the draft bill and the same has been communicated to the Finance Minister Pranab Mukherjee," Food Minister K...

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Horror show on TRP street by Sanjay K Jha

The Centre today took the extraordinary step of advising media to be “responsible” and not to “demonise” a different point of view, reflecting an assessment that the prevailing sense of drift was severely affecting legislative and administrative processes. Three senior cabinet ministers — Salman Khurshid (law), Kapil Sibal (telecom) and Ambika Soni (information and broadcasting) — appealed to the media to put things in perspective instead of sensationalising every issue without...

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Palm oil deal glare on Chandy

-The Telegraph   A vigilance court here today ordered investigation into Kerala chief minister Oommen Chandy’s role in a palm oil import deal when he was the Finance minister in the K. Karunakaran government in 1992. Chandy today offered to step down and face the case “legally and morally” but was restrained from doing so by leaders of the Congress and other ruling UDF constituents as he was not chargesheeted, sources said. “I...

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