-The Telegraph The country’s top judge today advised the judiciary to work as independently of public sentiments as of politics, stressing that courts should deliver rulings according to the law and not the majority opinion. “Apart from independence from politics, the judiciary also needs independence from popular interest,” PTI quoted Chief Justice of India (CJI) S.H. Kapadia as saying while presiding over the Nani Palkhivala Memorial Trust Lecture in Mumbai. “If an order...
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Cash seized from ATM vans in UP by Pradeep Thakur
The Election Commission's crackdown on candidates using black money in electioneering has forced politicians to come up with innovative methods. Two ATM vans, belonging to two private banks, were seized with nearly Rs 13 crore cash in poll-bound Uttar Pradesh last week by Income Tax's flying squad, a part of which has remained unclaimed for the last four days. The EC has written to RBI to instruct the two large private...
More »Why are India's media under fire? by Soutik Biswas
Has the explosion of media in India been a mixed blessing? With more than 70,000 newspapers and over 500 satellite channels in several languages, Indians are seemingly spoilt for choice and diversity. India is already the biggest newspaper market in the world - over 100 million copies sold each day. Advertising revenues have soared. In the past two decades, the number of channels has grown from one - the dowdy state-owned broadcaster...
More »India Inc plays safe; prefers lawful funding of political parties by Naren Karunakaran
The Aditya Birla Group increased its contribution to political parties about fourfold to Rs 30.5 crore in 2009-10 while the Bharti Group cut it from Rs 17 crore to zero. The two main national parties, Congress and BJP, received Rs 84 crore and Rs 82 crore, respectively, as contribution from all sources while a regional party like Sharad Pawar's NCP obtained only Rs 3 crore. The 2009-10 numbers of companies making legal...
More »black money: I-T gets wary about secret bank account names; asks for oath
-PTI In order to guard against possible leakage of names figuring in the secret bank accounts lists it has received from foreign shores, the Central Board of Direct Taxes CBDT has ordered the I-T department to obtain a signed undertaking from any government entity or department who demands the data for their own probe. The CBDT fears that if these names are leaked and they are publicised, global financial bodies like OECD...
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