Delhi-based real estate developer Emaar MGF has been accused by the Central Bureau of Investigation (CBI) for allegedly committing financial irregularities through stated sale of plots at grossly undervalued price in the 358.36-acre joint venture Emaar Hills Township Project (EHTPL) in Hyderabad.

CBI charges Emaar with financial irregularities

Business Standard

Long after the streets emptied that chilly winter evening in December 1981, lights were burning on the fifth floor of Vayu Bhavan in the elite Operations Branch of the Indian Air Force. Worrying the brightest thinkers of IAF was a brash new arrival in the subcontinental skies.

The Rafale's long flight to India

Salman Khurshid has for some time been the target of remarks like &ldquo;dhoonda Musalman, mil gaya Salman&rdquo;. This illustrates the crisis of the liberal Muslim in India today, caught between the conservative leadership of the community that demands total religious conformity and the just-under-the-skin communalism of the seemingly liberal Hindu.

Newsmaker: Salman Khurshid

The Central Empowered Committee&rsquo;s (CEC) final report on illegal mining in Karnataka submitted to the Supreme Court recently has sent shockwaves through the iron ore mining and steel industry in the state. Some of the recommendations of the CEC, if accepted by the Supreme Court, will curb illegal mining and that is a laudable goal. However, in doing so, it may also deliver a hammer blow to the state&rsquo;s expanding steel industry.

Industry on edge in Karnataka as SC weighs verdict

An Aadhaar-based payment structure is likely to be outlined in this year&rsquo;s Budget. The electronic disbursal platform suggested by the task force, led by UIDAI chairman Nandan Nilekani, is slated to transform the entire subsidy and entitlement payments made through government schemes. It will help plug leakages, reach the intended beneficiaries quickly and reduce hassles and delivery cost. Here are some questions and their answers explaining the logic behind the creation of this mode, and how it will work.

All you need to know

Income Tax (I-T) officials should ensure no harassment is caused to the family during raids. Patna high court recently issued an order to this effect while upholding Bihar&rsquo;s human rights commission's direction.

I-T dept should protect human rights during raids: Patna HC 

A recent IMF/PwC study has ranked Indias income-tax legislation amongst the most lengthy and surprisingly, the United States, supposedly having a complex tax system, ranks low at No 7.


Ombudsman: Kudos for making a start

A situation often arises when the Income-Tax Department raises a demand of tax from a foreign enterprise but the foreign enterprise does not agree with the department and decides to contest the case

Avoid collection of disputed demands

Since the introduction of the Fringe Benefit Tax, opinion had taken roots amongst businesses that the finance minister is not hesitant to cause enough unproductive administrative work and harassment

Exporters in a tizzy over new tax laws

There is a raging controversy now in the industry circle about the desirability of a negative list for services for the purpose of tax. The idea is that a negative list will eliminate controversy

Is a negative list for service tax desirable?

In a judgment (CCE, Nagpur vs Indorama Textiles Ltd [2006 (200) ELT 3 (Bom)]) that has surprised or even dismayed many exporters, the Bombay High Court (Nagpur Bench) has held that under Rule 18 of

Interpretation defeats policy objectives

The Director General of Foreign Trade (DGFT) has clarified that the regional licensing authorities need not insist upon documentary evidences such as SSI and central excise registrations of the

No need for registration for DFIA redemptions

In a coalition government, the purpose of a cabinet reshuffle is usually two-fold. The first purpose is to manage political expectations of the different coalition partners. This is done through

A K Bhattacharya: An exercise in political expediency

Among the two dozen largest "emerging markets" of the world, at least 10 are now growing their GDP at 7 per cent or more. More than half of them are growing faster than 8 per cent, including Pakistan.

T N Ninan: The 8% solution

States have to ensure genuine open access to power if it is to be generated at cost-minimising locations.


S Gokarn: Power points

Q&amp;A with Railway Minister Lalu Prasad.


'Swadeshi is about good service'

Railway Board Chairman JP Batra says the move will help lure passengers and reduce losses by Rs 1,000 crore. Rationalisation in freight will also help the railways to increase market share from 34 per

`Competition pushed us to cut upper-class fares`

Pre-budget speculation and wish-list for the finance minister are part and parcel of the excitement in the run-up to the Union Budget. The proliferation of news channels and even print media brings

FBT may be simplified rather than abolished

India-born LN Mittal staged a coup recently. He got Prime Minister Manmohan Singh to plead his case with none lower than French President Jacques Chirac. 


Mittal can make open offer for Tata Steel

Some economists have argued that a cascading turnover tax induces vertical integration of business enterprises while the value-added tax (VAT) does not favour or disfavour vertical integration. 


VAT, vertical integration of industry

In order to show the commission of an "unfair trade practice" under the Monopolies and Restrictive Trade Practices Act, the complaining party must prove that he had suffered actual loss or injury. 


`Unfair trade practice` under MRTP

- Find Economy & Policy News, Features, Analysis and more at Business Standard. Latest news and analysis on economy and policy developments at the national and state levels

Page 376 - Economy & Policy Analysis