The capital markets watchdog has asked the government to empower it to carry out search and seizure operations, to attach properties and to ask for information and records for all relevant entities.
In the first of a three-part series Paranjoy Guha Thakurta details the salient features of the Undisclosed Foreign Income and Assets (Imposition of Tax) Act, 2015.
Partyless democracy is an idea whose time has come, says Sandeep Pandey
'How do we explain that on the economic, internal security and strategic fronts, India's unstable coalitions have acted more decisively and boldly than all our full-majority governments yet?' asks Shekhar Gupta.
In a rare legislative action, a private member's Bill seeking to protect the rights of transgenders was passed unanimously by voice vote in Rajya Sabha on Friday.
Economists expect Modi to announce big-bang reforms.
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
FIXES BY THE GOVERNMENT: Energy price fixed, tax issues linger.
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
Taking an apparent dig at Modi, Gandhi satirised a song, saying "Aapka toh lagta hai bas yahi sapna, ram ram japna garibo kaa maal apna (It seems your only dream is to take away money from poor while chanting the name of Ram)".
'There is a Jack Warner or two in every Caribbean parliament today.'
Dr Swarnim Wagle, the official behind Nepal's reconstruction strategy, speaks to Patrick Ward.
A brief report card on Modi's ministers.
A combative Congress President Sonia Gandhi on Wednesday mounted a blistering attack on Prime Minister Narendra Modi, accusing him of running a government "of some people, by one person for a select few" and said he has not much to showcase even as the government completes one year.
Following the Budget being announced by Finance Minister Arun Jaitley, leaders across the political spectrum provided their views.
At this point of time, the requirement of the economy is obviously more investment, which will create more jobs and increase purchasing power that will sustain a high level of production, says K M Chandrasekhar.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
T Thomas, former chairman of Hindustan Unilever, passed away March 2.
Both the Greek and Iranian deals are extremely imperfect and fraught with uncertainty, says Claude Smadja.
The government had pegged food subsidy at Rs 90,000 crore (Rs 900 billion) in the 2013-14 Union Budget.
Why this non-BJP MP became a Modi bhakt.
'Four years ago, when Gadkari was BJP president, Fadnavis was president of the state BJP, I had gone on a fast unto death demanding separate statehood for Vidarbha.' 'They had come to meet me and promised that once the party comes to power at the Centre and in the state, we will get separate statehood.' 'Four years have passed, but no change is seen on the ground.'
'Modi has entered blunderland as he does not understand the army. He has actually meddled with the army, which is much more damaging than the ignorance of Sonia Gandhi and Manmohan Singh.' 'People had an impression that the BJP was different. Now it has been made very, very, plain that it is not.' 'Look at the contrast in the behaviour of the prime minister. When they burnt buses in Gujarat for an unjust demand, the prime minister addressed them in Gujarati while the army veterans were on relay hunger strike for the 74th day on that day, but no word on this from the PM.'
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
'On December 5, the government called unions for pre-Budget consultations.' '12 trade unions were called and the time allotted was one hour which means 5 minutes for each union.' 'We were asked to present our views in about four minutes.' 'That itself is a reflection of how serious the government is about workers' demands.'
The two were convicted on July 6 in the Avenfield properties case linked to the Sharif family's ownership of four luxury flats in London.
The Congress has asked Prime Minister Narendra Modi to take up the issue of former IPL chairman Lalit Modi's deportation during his ongoing visit to UK and to ensure that the "fugitive" and "black money exporter" is brought back.
In the first part of an exclusive interview with Sheela Bhatt/Rediff.com on the eve of the first year of the Narendra Modi-led NDA government, BJP President Amit Shah talks about the government's achievements and the controversy over the land ordinance.
Limited IT staff may compel them to focus on big fish than small depositors.
A heavy agenda including the ordinance on the Food Security Bill awaits the Monsoon session of Parliament beginning on Monday amid expectations that the short sitting will be more businesslike and smooth as compared to the din and dust in the last few sessions.
The office of Delhi Chief Minister Arvind Kejriwal's Principal Secretary was on Tuesday raided by the Central Bureau of Investigation in a corruption case, triggering a fresh face-off between the Aam Aadmi Party and the Centre and a vicious political slugfest in which the AAP chief spewed venom against Prime Minister Narendra Modi.
'Our first great challenge is to create 12 million new jobs each year, to make the demographic dividend an economic dividend.' 'We are nowhere near that,' points out Mohan Guruswamy.
Since the court had earlier questioned distribution of mining rights through the screening committee route, experts say the solution worked out would be weighed on the basis of legality.
'The RBI is not releasing Rs 2,000 notes for the last 10 days; probably they have stopped printing it.'
'Biometric Aadhaar-based surveillance is not only about violation of privacy, but also about the treasure hunt for unprecedented financial surveillance and economic intelligence in the economic history of mankind,' asks Gopal Krishna.
'Without doubt, Narasimha Rao confronted huge challenges. Yet, in the very brief period I saw him at the closest of quarters, I have to say that he was simply magnificent. A lifetime of circumspection gave way to courage.'
The Enforcement Directorate has managed to sniff out over Rs 9,000 crore as suspected haul from money laundering in a decade, but it has yet to link those against anyone successfully in a court.
Vijay Mallya, facing a case of loan default of over Rs 9,400 crore, on Monday resigned from Rajya Sabha.
IIM-B, professor R Vaidyanathan talks to Shobha Warrier about black money, Mudra Bank and Jaitley's Budget.
'I think governments -- whether this one or the ones earlier -- have not understood the strength of the Indian Railways... that it can easily add 2.5 per cent to GDP.'
