These subsidy payouts should be interlocked with foolproof debit cards. Without this, the possibility of cash being diverted towards undesirable ends is very real. »

Finance Minister P. Chidambaram is right when he says Indian banks should not fight shy of consolidation because we need global-sized banks to take on the might of foreign competition, both in our... »

On November 6, the Ministry of Corporate Affairs said that the Registrar of Companies (RoCs) cannot be expected to examine all the filing with a fine toothcomb. The ‘clarification’ was apparently... »

The Government’s tentative hush-hush move, smacking of kite-flying, to possibly make the extant institution of Comptroller and Auditor General of India (CAG) a multi-member body a la»

The Comptroller and Auditor General of India (CAG) is not a mere munimji (accountant), said the Supreme Court, while disposing of a PIL recently. In the process, it has upheld the CAG’s cla... »

Crooks take care to guard their citadel by not letting their minions be the investors in the ultimate company. »

Whether the amount deposited with the seller of a property is earnest money capable of being forfeited in the case of non-performance by the buyer, would depend upon the language of the contrac... »

When in the course of search, loose documents, not being part of returns or accounts are found, the entries found therein cannot be the basis for taxing the amount as unexplained investment ema... »

The Health Ministry’s proposal to call upon doctors leaving India for the US to execute bonds, has revived the never-ending debates on brain drain. From the contours of the proposal, it appears th... »

The 1996 Act makes provision for the supervisory role of courts, for the review of the arbitral award only to ensure fairness. Intervention of the court is envisaged in few circumstances only,... »