-The Times of India NEW DELHI: The NDA government, which came riding on a huge anti-corruption wave wiping out Congress last year, has dropped crucial amendments to the Prevention of Corruption Act that would have ensured India ratifying the UN Convention Against Corruption (UNCAC). Sources said the government has not considered incorporating Article 12 and 16 of the UNCAC in the proposed amendments to the Prevention of Corruption (PC) Act likely to...
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India third on black money list: report
-PTI Global Financial Integrity puts the cumulative illicit money moving out of the country at Rs 28 lakh crore in 10 years Washington: As India continues its pursuit of suspected black money stashed abroad, an international think-tank has ranked the country third globally with an estimated USD 94.76 billion (nearly Rs 6 lakh crore) illicit wealth outflows in 2012. As a result, the cumulative illicit money moving out of the country over a...
More »Black money: ₹4,500 cr lying in bank accounts abroad, says SIT
-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...
More »Internet.org wants to connect India's offline millions -Shilpa Kannan
-BBC Most parents would love to get their teenagers away from computers. But not in one poor suburb on the outskirts of Delhi, where youngsters are sent to learn. Sharing a few laptops between them, they're being taught some basic online skills - how to search for information, how to send money to their families in the villages and how to book train tickets. None of the children have access to computers in school....
More »Redrawing a state in India drives land prices to the sky -Nida Najar
-The New York Times AGIRIPALLI: In this belt of villages near the fertile Krishna River delta, much is as it has been for generations: The cotton soil is as black, the mango trees as heavy with fruit, the tobacco fields as fragrant and deeply green as ever. But there have been curious changes in recent months. An old temple has received an expensive renovation, complete with a new banquet hall, courtesy of...
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