CORRUPTION

In a breakthrough, the Supreme-Court appointed SIT has directed the Income Tax department to recover Rs 10,000 crore by March 31st from 300 Indians who have illegal accounts in teh Swiss Banks. SIT vice-chairman Justice Arijit Pasayat said,"Under the supervision of the SIT, the I-T department has already recovered around Rs 3,500 crore from some of the account holders. As these are old accounts, the assessment proceedings have to be complete by March 31 and we expect the I-T department to net another Rs 6,500 crore by that time." Pasayat further confessed that this is just a small portion of the black money holed up in French bank accounts. "That is why we have gone public seeking information from all sources about Indians holding accounts abroad to stash black money. Half of the 628 Swiss bank accounts, information about which was given to India by France, was held either by Non-Resident Indians or were legitimate accounts. Rs 10,000 crore is expected to be re...

India is one of the oldest victims of terrorism and the international community must assert itself to tackle the scourge, President Pranab Mukherjee said on Sunday. "We have in recent days witnessed the horrific killings of innocent hostages in Syria, the attack on the media in Paris and the tragic killing of school children and their teachers in Peshawar," he said addressing ambassadors and high commissioners who head India's missions abroad.