-The Economic Times While there are ripples in political circles over the estimated black money stashed by Indians in tax havens abroad - as quoted by the Central Bureau of Investigation chief Amar Pratap Singh on Monday - sources say that the agency has arrived at the figure following cross-checking several sources, reports and a rough estimation.  "Most of the illegal money abroad forms part of tax evasion by individuals and companies,"...

-PTI The Centre has issued a new set of guidelines to seize properties or money of corrupt government officials even after their retirement.  The norms, made in consultation with the ministry of law and justice, says a competent authority in the department concerned can give sanction to the Centre for such attachment. The guidelines assume significance as most departments and investigating agencies like the CBI have in the past expressed difficulty in...

Liquor baron Ponty Chadha’s mercurial rise is all ‘Maya’ A reclusive liquor baron may seem like an anomaly in these never-ending good times. But Gurdeep Singh Chadha—better known by the moniker Ponty Chadha—fits the bill. Often called “Mayawati’s financier”, the 57-year-old Ponty has been making large (if silent) waves for the political patronage he enjoys in Uttar Pradesh. Any bottle of liquor sold in India’s most populous state goes through his...

-The Business Standard Implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a flagship programme of the Central government to alleviate poverty, has resulted in an increase of up to 20 per cent in the cost of farm production in Karnataka. It has also created a shortage of labour in the agriculture sector in the state. According to a study conducted by the Bangalore-based Institute for Social and Economic Change...

-The Hindu The Madhya Pradesh Vishesh Nyayalaya Adhiniyam (Madhya Pradesh Special Courts Bill) 2011 has received the presidential assent and will come into force on February 15, 2012. The anti-corruption act equips the government with wide-ranging powers to weed out corruption, including the power to confiscate illegally earned properties of Corrupt officials and use them as public assets. A similar law is already in force in Bihar. Under the Act, special courts dealing...