-Outlook The Income Tax Department today said it is investigating cases of black money holders on the basis of information furnished by foreign countries and will initiate prosecution proceedings wherever required. The department has taken a similar action against those individuals who figured in the LGT bank accounts list. "These cases are spread across the length and breadth of the country according to the Assessing Officers (AO) having jurisdiction. "They (AO) are quasi-judicial authorities...

-The Indian Express A year after it was mandated to create a database of financial crimes and issue alerts to enforcement agencies about black money, the country's top economic intelligence organisation CEIB is groping in the dark for want of good snoop information. Top sources in the Finance Ministry said the CEIB, in the last six months, has sent a number of reminders to agencies like the I-T department, ED, IB, CBI,...

-The Indian Express A high profile institute-cum-think tank in the heart of New Delhi’s diplomatic area in Chanakyapuri, set up on land allotted by the then Narasimha Rao government, a clutch of former intelligence officials running the place, and a group of well-known RSS swayamsewaks — they are the silent force behind the recent anti-corruption movements in the country, especially the one led by Baba Ramdev. In fact, it was at the...

-The Hindu Houses belonging to weavers’ community were torched on June 23 A row of kuccha and pucca houses lie in a rubble of mud, stone and bricks. Those that stand have blackened walls, dismantled roofs and half-doors. Some have no doors. Ashes of hay and grains are strewn outside the granaries. The local mosque looks desolate; its gate is oddly locked. An eerie sense of calm surrounds the place. This is the...

-PTI Demonetisation of high denomination currency notes like Rs 1,000 and Rs 500 may not help curb black money which is largely held in the form of benami properties, bullion and jewellery, a Finance Ministry report says. "One common demand from the public is that high denomination currency notes, particularly Rs 1,000 and Rs 500, should be demonetised", says a committee headed by the CBDT chairman in its report to the Finance...