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US$ 344 billion black money moved out during 2002/11
Report dated 12/12/2013 @ 10:33 PM
The findings pegged cumulative illicit financial outflows from developing countries at USD 5.9 trillion between 2002 and 2011.
India was 5th largest exporter of black money during 2002-2011. It witnessed outflow of USD 344 billion during 2002-2011 i.e. USD 34.4 billion annually.
Crime, corruption, and tax evasion drained USD 946.7 billion from the developing world in 2011, up more than 13.7% from 2010, when illicit financial outflows totaled USD 832.4 billion.
Moreover, the USD 946.7 billion that flowed illicitly out of developing countries in 2011 was approximately 10 times the USD 93.8 billion of net official development assistance (ODA) that went into these specific 150 developing countries that year. This means that for every USD 1 in economic development assistance going into a developing country, roughly USD 10 of capital are lost via illicit outflows.
''Anonymous shell companies, tax haven secrecy, and trade-based money laundering techniques drained nearly a trillion dollars from the world's poorest in 2011, at a time when rich and poor nations alike are struggling to spur economic growth”.
Use of red beacon lights restricted by Court order
Report dated 11/12/2013 @ 10:28 PM
The Supreme Court, which has been demanding heavy pruning of the number of red beacon lights used by VIP cars in Delhi, today ruled that only Constitutional authorities are entitled to the privilege which guarantees right of way.
Constitutional authorities include the President, Prime Minister, cabinet ministers, governors, the Chief Justice of India, Supreme Court judges and the heads of both houses of Parliament.
The court also asked the Centre and state governments to furnish within three months a list of authorities who are entitled to use beacons. Judges warned that the list cannot be expanded at the government's discretion.
Emergency vehicles and police vehicles should be assigned blue beacon lights, the court added.
The court was hearing a Public Interest Litigation on the indiscriminate use of red beacons and sirens which are flaunted by VIPs as a symbol of power and often lead to huge traffic disruptions.
Female cops thrash Yerawada jail visitor for refusing bribe
Report dated 11/12/2013 @ 10:26 PM
There was high drama outside Yerawada Central Jail in Pune, when two female constables entered into a brawl with a young woman, who had come to visit her father in prison. Sources say the cops had allegedly demanded Rs.500 from Reshma More, as she did not have necessary documents required as proof of identification.
When More refused, constables Jayashree Kumbhar and Sonali Jadhav allegedly entered into a scuffle with her, and knocked her down in a fit of rage. The incident was witnessed by onlookers and activists, who had flocked outside the jail to protest against the release of actor Sanjay Dutt on parole for a month. On being encouraged by the activists, More’s husband filed an FIR against the constables in Yerawada police station. Being an epilepsy patient, Reshma More, who was with her husband and their 2-month-old child, experienced a seizure after the cops smacked her.
Meena Rajput, a social activist who witnessed this incident, said, “The entire system of jail administration is riddled with corruption. They blatantly demand a certain amount of money from the people who come to visit their relatives but fail to furnish the documents required as ID proof.”
Anna Hazare launches indefinite fast for Jan Lokpal Bill
Report dated 11/12/2013 @ 10:25 PM
In the chilly 6 degrees celsius temperature sweeping Maharashtra's Ahmednagar district, Hazare went on his usual morning walk and then started his hunger strike near the Yadavbaba temple in the village, under the banner of his new organisation, Jantantra Morcha.
The Jan Lokpal Bill, also referred to as the Citizen's Ombudsman Bill, is an anti-corruption legislation drafted by civil society activists, seeking appointment of an independent panel to investigate cases of corruption.
"We have been promised repeatedly that the bill will be passed. But it is more than a year and it has not been passed. The Congress cheated the people," Hazare said Monday, on the eve of his latest round of agitation for the legislation.
The 76-year-old former army driver-turned-social activist demanded that the bill must come up in the current winter session of parliament, and said until it is passed he would continue his hunger strike -- fifth so far on the same issue.
Accusing the Congress of taking the people for a ride, Hazare warned that if it continues to dilly-dally further, the electorate will again vent its anger against the ruling party at the centre in the forthcoming Lok Sabha elections -- a reference to the outcome of the assembly election results in four states Sunday.
The Congress was routed in Delhi and Rajasthan while it failed to wrest control of Madhya Pradesh from the BJP. In Chhattisgarh it failed to gain power in a closely contested election. In Mizoram, however, the Congress won a landslide victory.
Activists and volunteers are expected to sit in similar token fasts in other cities like Mumbai, Nagpur, Pune and in other states in solidarity with Hazare.
Indians feel themselves most hard working after Americans
Report dated 11/12/2013 @ 10:21 PM
A majority of Indians consider themselves as the most hard-working lot after Americans, says a latest study.
According to global market research company Monster-GfK, 85 per cent of the people surveyed in India say they think US workers are most industrious.
Besides, Indians rank their own nation a close second, with four out of five Indians (81 per cent) considering themselves a hard-working nation, followed by China (79 per cent) and Germany (75 per cent).
The survey said that two in five (40 per cent) Indians have a strong belief in their country's competitive spirit, but the majority of the population actually doesn't feel fully confident about their country's ability to completely bounce back from economic hardship.