-The Hindu The Pandora Papers have only highlighted the need for concerted steps to alter the global financial architecture The Pandora Papers, published on October 3, once again expose the illegal activities of the rich and the mighty across the world. The Pandora Papers investigation is “the world’s largest-ever journalistic collaboration, involving more than 600 journalists from 150 media outlets in 117 countries”. The International Consortium of Investigative Journalists (ICIJ) has researched...
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Government ropes in I-T department to crack down on GST fraud -Vikas Dhoot
-The Hindu Data being pooled to track evasion, says Finance Secretary. Tightening the noose around fraudsters rigging the Goods and Services Tax (GST) regime, the government has roped in the Income tax department to tap Illicit Incomes as part of a crackdown against 7,000 fraud companies, identified using data analytics tools, Finance Secretary Ajay Bhushan Pandey told The Hindu. Any income traceable to the use of fake bills and other GST frauds shall...
More »Jean Dreze -- development economist -- interviewed by Jipson John and Jitheesh PM (Frontline.in)
-Frontline.inJean Dreze is a well-known Indian economist working in the field of "development economics". Born in Belgium, he studied mathematical economics at the University of Essex and completed his PhD from the Indian Statistical Institute (New Delhi) in 1982.He has taught at the London School of Economics and the Delhi School of Economics and is currently visiting professor at Ranchi University as well as honorary professor at the Delhi School...
More »Tackling Black Economy: SC Takes Control from Government by Arun Kumar
The Supreme Court has converted a high-powered committee of the Government of India, on the issue of black money, into an SIT under its own direction. This is an expression of no-confidence in the executive. The government’s intention in tackling either the problem of black economy or bringing back the black savings stashed abroad is suspect. According to reports, the money stashed abroad by the corrupt businessmen, politicians and others...
More »The dark side of globalisation by Jorge Heine & Ramesh Thakur
The rapid growth of global markets has not seen the parallel development of social and economic institutions to ensure balanced, inclusive and sustainable growth. Although we may not have yet reached “the end of history,” globalisation has brought us closer to “the end of geography” as we have known it. The compression of time and space triggered by the Third Industrial Revolution —roughly, since 1980 — has changed our interactions with...
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