During the Karnataka elections held in May this year, the average amount spent on the campaign by each candidate was Rs 7.43 lakh. Interestingly, this is just 46 per cent of the allotted budget of Rs 16 lakh per candidate.
From Rs 11.35 crore in 2004 to Rs 87.27 crore in 2010 and now Rs 111.64 crore -- this is by and large the story of former Uttar Pradesh chief minister Mayawati. Her affidavit which was filed before the Lok Sabha on Tuesday shows a phenomenal rise in her assets; and for the 58 months that she ruled as the chief minister her assets went up by nearly Rs 59 crore, reports Vicky Nanjappa.
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
Prime Minister Manmohan Singh and his Cabinet of ministers on Saturday declared their assets.
It further said that the loan application form should be suitably modified to incorporate passport details of borrowers.
Vikram Kothari took a loan of Rs 485 crore from Mumbai-based Union Bank of India and a loan of Rs 352 crore from Kolkata-based Allahabad Bank. A year later, Kothari has reportedly not paid back either the interest or the loan.
Almost an year ago the National Green Tribunal had ordered the closure of these two slaughterhouses, an official said.
Tax Guru Anil Rego answers your personal income tax queries.
"The space for dissent and debate is shrinking. People are jailed without trial through arbitrarily imposed charge of sedition," the Nobel laureate alleged.
Coming down heavily on MF players who in recent past chose to use shareholder fund to buy out debt of bleeding invested companies, Sebi said MFs can't have standstill agreements with companies and will take action against fund houses for such deals.
The black money bill got the nod of the Rajya Sabha on Wednesday.
Brazilian police arrested on Thursday the head of the national Olympics committee, who is accused of conspiring to bribe members of the International Olympic Committee (IOC) to pick Rio de Janeiro as host of the 2016 games.
All the 215 National Democratic Alliance MPs will submit a declaration to Parliament within the next 10 days stating that they have no illegal assets or banks accounts abroad, Bharatiya Janata Party leader L K Advani announced on Friday at the end of his marathon 7,600 km 38-day 'public awakening' yatra against corruption.
Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan on Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.
Air Commodore Nitin Sathe discovers how the IAF trained Pakistani air force pilots, during the 1971 War, which led to the birth of the Bangladesh air force.
he government will allow holders of black money abroad to declare their wealth.
It had declared Mallya a proclaimed offender for evading summons in a FERA violation case after noting that he had failed to appear despite repeated summonses.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Here's how you can make buying insurance the cakewalk that it is, says Anit Jain
Recently, United Bank of India declared Kingfisher Airlines as well as some three of its directors as wilful defaulters.
'We tightened our risk frameworks once the Covid crisis started.' 'We are slowly lightening this as we see economic activity pick up, salaries getting restored, and people getting back into jobs.'
Balakrishnan, who filed his nomination from Thalassery assembly constituency in Kannur district, declared that he has Rs 36.20 lakh worth assets and his wife Rs 40.45 lakh.
The move is likely to help 4.59 lakh housing units across the country.
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.
Union ministers recently declared their assets to the Prime Minister's Office which put it up on its web site for public knowledge. We compared these declarations to the ones that some ministers made when in 2009, and here's what we found.
Even when large businesses said they were flying blind in mid-2020, the markets rallied and an incredible business boom followed. This is not to say that the markets will continue to rally and there is nothing to worry about, observes Debashis Basu.
The government recently released the list of assets owned by Union ministers. We compared these declarations to the ones that were declared by some ministers when they contested the 2009 elections.
According to Muzaffarpur District Registration Officer Sanjay Kumar, the orders to freeze the bank accounts and ban the sale or purchase of any movable or immovable assets of the Seva Sankalp Evam Vikas Samiti were passed by District Magistrate Mohammad Sohail on August 7 and 8.
Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government on Tuesday said details of information provided during the one-time compliance window can be revealed in the public interest.
Parallel to this, the ruling Telugu Desam has been organising rallies across the state in solidarity with its MPs.
On the eve of the sixth and penultimate phase of the marathon Uttar Pradesh elections, Rediff.com's Aslam Hunani reports on what's at stake.
The unions term the introduction of fixed-term employment as a 'modern labour slavery system' introduced through the 'back door'.
With auditing under the scanner and two of the Big Four firms stopping non-audit services for audit clients, auditors will now be subjected to a more stringent standard of reporting.
'One can start accumulating economy driven stocks in the next few months with a two-three year view.'
In a relief to actor Shah Rukh Khan, the Income Tax Appellate Tribunal has overturned an order of the tax authorities to add Rs 2.28 crore he had lent his wife as interest free loan to buy flat and jewellery to his net wealth.
Companies were consulting law firms and consultants to understand the Bill.
Uttar Pradesh chief minister Mayawati welath ahs grown in leaps and bounds since she took over as Uttar Pradesh chief minister, her declaratioin made while filing her nomination seeking a fresh term in the Uttar Pradesh Legislative Council shows her to possess assets of 88 crore (880 million).
The declaration of a total wealth of Rs 446 crore by Jagan and his wife Bharati in the affidavit filed along with Jagan's nomination has created a big flutter in the political circles throughout the country, as he will be the richest member of Lok Sabha if he gets re-elected.
Sharif, 68, was disqualified by the apex court in the Panama Papers case last year under Article 62 of the Constitution for failing to declare a receivable salary as an asset.
Retail investors should not invest for bonus or dividend because in order to make money over the long term.
