Indians with undisclosed foreign assets and offshore bank accounts will be in for a shock this Budget if the finance ministry clears a proposal empowering income tax authorities to reopen assessments up to 16 years as against 6 years now.  The proposed amendment, the ministry feels, may not only act as a deterrent, but also put pressure on people to declare their wealth stashed away in Swiss banks and tax havens.  In...

-Reuters   Global warming will get worse as agricultural methods accelerate the rate of soil erosion, which depletes the amount of carbon the soil is able to store, a United Nations' Environment Programme report said on Monday. Soil contains huge quantities of carbon in the form of organic matter. which provides nutrients for plant growth and improves soil fertility and water movement. The top metre of soil alone stores around 2,200 billion tonnes of...

-BBC   Half a billion children could grow up physically and mentally stunted over the next 15 years because they do not have enough to eat, the charity Save the Children says in a new report. It says much more needs to be done to tackle malnutrition in the world's poorest countries. The charity found that many families could not afford meat, milk or vegetables. The survey covered families in India, Bangladesh, Peru, Pakistan and...

-Economic and Political Weekly   The Law Commission’s Bill on combating honour crimes falls short of what is required. Honour crimes – the illegal decrees by caste/clan/community panchayats to annul or prohibit marriages, social boycotts and even murder of couples – have finally drawn the attention of the State. A consultation paper released by the Law Commission contains a draft Bill – The ­Prohibition of Unlawful Assembly (Interference with the Freedom of Matrimonial...

-The Indian Express CBI director Amar Pratap Singh declared today that “if the king is immoral, so will be his subjects”, and sought “ethics in governance” while addressing an Interpol anti-corruption programme. In a hint at scams involving ministers, Singh said: “I am prompted to recall a famous verse from ancient Indian scriptures, which says ‘Yatha raja tatha praja’.” Singh said $ 500 billion (nearly Rs 24 lakh crore) had been stashed away...