Foreign direct investment in education has been stuttering in India more than a decade after it was allowed, apparently because education is a not-for-profit sector where surplus revenue has to be ploughed back into expanding the institution. India’s education sector has witnessed significant expansion since the government approved FDI in April 2000, thus providing a huge opportunity for investment. Yet FDI remained zero in the first three years, increased till 2008-09...

-The Economic Times Finance minister Pranab Mukherjee has said he had directed three institutions - NIPFP, NIFM and NCAER - to come out with a defendable assessment of the quantum of black money stashed away by Indians in foreign banks. Replying to the discussion on the adjournment motion moved in the House by BJP veteran LK Advani on "the situation arising out black money deposited illegally in foreign banks", Mukherjee declared...

-PTI   BJP MPs will submit tomorrow declarations to the presiding officers of their respective Houses of Parliament, stating that they do not have any illegal money stashed in any foreign bank or tax haven abroad.  BJP leader L K Advani had announced on the completion on his nation-wide yatra against black money and corruption that all party MPs will submit declarations that they do not have any illegal funds in Swiss banks...

The top 10 investment destinations for Indian companies in the last three years are all tax havens, if the US and UK which figure at number 4 and number 8, respectively, are discounted. The statistic, released by the finance ministry, reinforces the belief that the government has failed in curbing the flow of black money out of the country. Around 40% of the total investments in these three years have been...

-The Hindu   Revised pact with Switzerland will allow India to obtain banking information in specific cases: Finance Minister   Having impressed upon the G-20 nations the need to adopt automatic sharing of banking and tax-related information at the Paris Ministerial meeting last weekend, Union Finance Minister Pranab Mukherjee on Wednesday sought to highlight the “noteworthy” achievements and the progress made back home in unearthing unaccounted income. In his inaugural address at the ‘Economic Editors'...