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New bank account verification method to replace ITR-5

Tax payers can now verify their e-ITRs through bank account-based validation system if they don’t have Aadhaar number or internet banking facility as part of the government’s measure to enhance the pa

Saudis end supply-driven oil price

As Opec officials gathered this week to formulate a long-term strategy, few in the room expected the discussions would end without a clash.

New technology baffles regulators: Sebi

The Securities and Exchange Board of India (Sebi) on Thursday raised its concerns regarding the risks posed by newer technologies like the High Frequency Trade (HFT) to securities markets.

Centre ‘retires’ 33 tax staff for their non-performance

The finance ministry said on Thursday that it has prematurely retired 33 officers of the revenue services, including seven Group ‘A’ officers, citing their non-performance for the first-time ever.

New panel may settle bad debts

India is considering setting up an independent panel to help state-owned banks negotiate settlements with big businesses on bad loans, in order to shield bankers from a populist backlash they say is h

Lok Sabha clears Bankruptcy Bill to curb new NPAs

Wisened after the Vijay Mallya episode, the Centre on Thursday indicated that it plans to enter into cross-border treaties to confiscate overseas assets of wilful defaulters and recover dues of banks,

E&Y finds violations at MCFL

Vijay Mallya

In fresh troubles for embattled businessman Vijay Mallya, a forensic audit has found possible ‘irregularities and mismanagement’ in advances and investments made by Mangalore Chemicals and Fertilizers

Subrata Roy out of jail for 4 weeks


The Supreme Court on Friday directed the release on parole of Sahara Group chairman Subrata Roy for four weeks to perform the last rites of his mother, who died in the early hours of Friday.

Hyundai readies long-term plan for Number 1 slot

Having set a firm foothold in the Indian automobile market in the last two decades, Korean auto major Hyundai is challenging Maruti Suzuki for the “market leadership” for which it will launch ‘two new

The sanctioned violence and rape within marriage in many cultures limits the possibilities of consolidating a democratic society with just and egalitarian values.

Some years ago, I was invited to speak at a conference on education at the Bengaluru ashram of Sri Sri Ravi Shankar.