-The Hindu Business Line   Wants PAN used in payments over ₹1 lakh, cap on amount of cash a person can keep Income Tax authorities have traced about ₹4,500 crore in undisclosed money in bank accounts overseas, a Special Investigation Team (SIT) probing the matter said in its second report to the Supreme Court. The report, released on Friday, said investigations are pending in 33 cases involving an amount of ₹14,957.95 crore, and that...

-The Telegraph New Delhi: A government panel that evaluated Muslims' post-Sachar socio-economic conditions has suggested an anti-discrimination law, targeted mainly at employers, to combat the growing disparity between the community and the rest of the country. The committee, headed by Jawaharlal Nehru University professor Amitabh Kundu, has failed to detect any "sea change on the ground" despite several welfare plans being launched for the community after Sachar's late-2006 report. Like Sachar, the Kundu...

-The Indian Express * Have global agri-commodity prices fallen? By how much? They have. The Food and Agricultural Organisation's latest Food Price Index (base: 2002-04 = 100) of 192.3 for October is down 6.9 per cent compared to a year ago, and 19.1% below the all-time high of 237.7 reached in February 2011. Prices of commodities such as corn, wheat, soybean, sugar and palm oil traded in international futures exchanges are today...

-Outlook Geneva: With India sticking to its tough stand, efforts to break the impasse in the WTO on trade facilitation agreement and food security issues today proved futile and further consultations will continue over the week. The General Council of the World Trade Organisation (WTO), which met after a gap of over two months, could not make much headway. "I will be holding a series of meetings in a range of different configurations....

-The Business Standard In July, India had clarified it wouldn't ratify a trade facilitation agreement until a permanent solution on food security was arrived at A day before the World Trade Organization (WTO)'s trade negotiations committee meets in Geneva, India on Wednesday said during the negotiations, it would stick to its stand on food security. Speaking to reporters here, Commerce & Industry Minister Nirmala Sitharaman said, "Our position remains intact...we will underline the...