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...

Five women — all illegal miners — were buried alive when the roof of a 15ft deep coal pit collapsed on them near Chandrapura junction, 35km from Bokaro steel city, this noon. Two others were injured in the incident. That the mishap took place at Jhungurghuttu, which is a stone’s throw from a bustling railway station and barely 400 metres from the Chandrapura police station, is a clear indication that illegal...

Valley’s youth say peaceful political protests are the most effective means for achieving political aspirations. Estrangement from India is matched by the lack of interest in Pakistan In 2010 the Ministry of Home Affairs had commissioned a focussed survey on the priorities and aspirations of Kashmir’s new generation, which had spearheaded the long spell of unrest, and found that 54 per cent of them identified “Azadi” as their preferred “final status...

For the Government of India the first phase of the national solar mission has been a grand success. It not only managed to attract industry to invest in the generation of an energy considered costly, but also dramatically drove down the cost of producing this energy. In its celebration, little did the government realise that a major conglomerate had subverted rules to acquire a stake in the solar mission much...

-The Times of India   UP Lokayukta Justice N K Mehrotra has recommended registration of a case and a CBI and Enforcement Directorate probe against former state minister Babu Singh Kushwaha under the Prevention of Corruption and Money Laundering Act.  The Lokayukta has found him prima facie guilty of large-scale anomalies in allotment of mines and other financial irregularities and forwarded a report to chief minister Mayawati for necessary action.  "There were three specific...