India on Saturday managed to get backing of the world’s 19 most powerful economies on the issue of sharing tax information, as the G20’s draft communiqué for the first time took note of New Delhi's concerns. The draft, however, remained silent on recovery of ill-gotten wealth stashed in tax havens. The draft communiqué, to be issued by G20 finance ministers and central bank governors later on Saturday, has resolved to address...

-The Times of India   The finance ministry is devising a voluntary tax disclosure scheme that could provide amnesty to people who have stashed unaccounted money in tax havens and other jurisdictions abroad by charging them a "levy". Finance minister Pranab Mukherjee, after a meeting with industry captains recently, activated a committee on black money set up last year to work out a scheme on voluntary disclosure. This scheme will allow corporates and...

The Anna Hazare fast has seen an outpouring of support across the country. The government Lokpal Bill is unacceptable. A fresh Bill is needed for an effective Lokpal. There has been an outpouring of support all over the country in favour of the fast conducted by Anna Hazare for the Jan Lokpal Bill. The agitation has found support predominantly from the urban middle classes and a substantial section of youth belonging...

-The Hindu   Following is the note placed by the CPI(M) at the all-party meeting held by the Government on the issue of the Lokpal today. August 24, 2011 Stand of the Communist Party of India (Marxist) Lokpal: For An Effective Anti-Corruption Body Introduction Corruption has become a major public concern in the wake of successive scams unfolding over the past few years. In a country like India, where millions of people still suffer from acute poverty,...

The Left parties said on Monday that the August 30 deadline set by anti-corruption campaigner Anna Hazare for the Centre to pass the Jan Lokpal Bill was not feasible and suggested that the government convene a special session of Parliament next month for passing the Bill. Asserting that the CPI(M) wanted an effective Lokpal Bill, general secretary Prakash Karat termed the Bill pending with Parliament “inadequate.” “We are not satisfied with...