Black money: Pranab to appear before Parliamentary panel

Finance Minister Pranab Mukherjee is likely to appear before a Parliamentary Standing Committee on Finance to provide details on the five-pronged strategy adopted by the government to unearth black money.
Following are the steps spelt out by Finance Minister Pranab Mukherjee, which India has already taken and initiated to tackle the issue of black money abroad, estimated at between Rs.432 billion and $1.4 trillion:
* Constituted multidisciplinary panel to estimate illicit fund generated by Indians
* Vice-chair of Global Forum on Transparency and Exchange of Information for tax purposes
* Joined the Task Force on Financial Integrity and Economic Development
* Member of Financial Action Task Force to trace terror funds
* Member of of UN Tax Committee and Sub Committee on Transfer Pricing
* Member of Eurasian Group on money laundering, tax evasion
* Signed double taxation avoidance agreements with 79 countries
* Negotiating with 65 countries to modify double taxation avoidance agreements
* Talks for new double taxation avoidance agreements with 15 countries
* Prioritized 22 countries/jurisdictions, called tax havens, for signing tax information exchange pacts
* Proposed eight income tax overseas units in addition to those in Singapore, Mauritius
* Amended Prevention of Money Laundering Act in 2009 to make it more stringent
* Proposed new legislation for unearthing black money under the Direct Taxes Code Bill
* Setting up Exchange of Information Cell to share information to curb tax evasion
* Detected undisclosed income of Rs.15,000 crore in last 18 months
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Govt may challenge HC order scrapping ration delivery plan
The Delhi government may challenge a decision by the Delhi high court to scrap the contentious doorstep delivery of ration scheme, which was aimed at providing specific food articles to the homes of Public Distribution System beneficiaries. There are around 1.7 million ration card holders in the national capital who currently go to fair price shops to get the food articles they are entitled to.
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Jammu-Srinagar national highway reopened, stranded vehicles allowed towards Kashmir
Banihal/Udhampur/Jammu Hundreds of vehicles, stranded for four days, were allowed towards Kashmir on Friday night as one way was restored on the Jammu-Srinagar national highway after freshly building a road stretch to replace the one washed away in flash floods, officials said. Senior Superintendent of Police national highway, Shabir Ahmad Malik said while all blockades were removed and traffic cleared, the major problem of washing away of the road patch at Dewal bridge near Samroli on June 21 took three-and-half-days to be cleared.
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As part of our 'Walled City dictionary' series that explores the names of Old Delhi places. Despite being a mere courtesan, Anarkali dares Emperor Akbar with a spunky dance. Golcha cinema, in Daryaganj, is screening the digitally coloured version of the classic Mughal-e-Azam. The single-screen hall shut down six years ago (last movie screened was Kahani 2). Golcha came up in 1954. The theatre is now a ghost of its recent past.
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Jammu and Kashmir to host G20 summit next year, 5-member panel formed
The Jammu and Kashmir government has constituted a five-member high-powered panel for overall coordination of G20 meetings to be held in the union territory next year. Acting upon a communique from the Union ministry of external affairs dated June 4, the principal secretary to the J&K government, Manoj Kumar Dwivedi accorded sanction for the constitution of the five-member panel.
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NIA conducts searches in Jalalabad bomb blast case
The National Investigation Agency on Friday conducted searches at multiple locations in Punjab in the last year's Jalalabad bomb blast case. The NIA conducted searches at 6 locations in the districts of Ferozepur, Fazilka and Tarn Taran and digital devices (mobile phones, SIM cards, memory cards, DVRs) , ammunition and other incriminating documents/materials were seized.