Even as the country continues to witness a campaign for a strong anti-corruption watchdog, a report has calculated that between $104 billion and $128 billion (roughly Rs 5 to 6 lakh crore) was illegally siphoned out of India in the decade spanning 2000 to 2009.
This works out to an average outflow of about $10-13 billion [...]
Archive for December, 2011
China tops in illicit cash flow 6 Lakh Cr Illegally Siphoned Out Of India From 2000-2009
Re at all-time low of 53.23, govt can only wait and watch
Source : hindustantimes
www.kabaadiwala.com
Software glitch inflated India’s exports by $9bn, admits govt
NEW DELHI: The government on Friday said it had overestimated exports by over $9 billion due to software upgrade and punching errors, which prompted data revision for eight months.
The admission of the mistake overshadowed the other bad news of exports growing by only 4.2% to $22.3 billion in November. With imports growing at 29% to [...]
Rising Trade Gap with China Raises Concerns
NEW DELHI: The widening trade deficit with China has the country’s strategic establishment worried, providing backing to the commerce department’s move to restrict imports as part of its ‘China strategy’ while pressing for free-trade agreements with other countries to diversify sourcing.
The National Security Council Secretariat, which recently hosted inter-ministerial consultations on the burgeoning India-China trade gap and [...]
Cops watch as Sarpanch slaps woman teacher in Punjab
When a man slapped agriculture minister Sharad Pawar recently, he was promptly arrested. But no such action follows when people in power lose their temper and beat up ordinary citizens.
A sarpanch belonging to the ruling Shiromani Akali Dal (SAD) repeatedly slapped and roughed up a woman teacher in Punjab’s Muktsar district in full public view [...]
Faridabad factory blaze kills two, eleven injured
Faridabad: Two people died and 11 were injured when a fire broke out in a factory on Wednesday.Theblazewas reported from Imperial Auto Industries in Sector 25 around 11am, police said.
Factory workers were heating some chemicals on a stove and it backfired. The fire quickly spread to nearby drums containing thinner and got out of control. [...]


