Aam Janata

For Democracy in India: The Constitution is not a charter of servitude

Income tax in India

6 problems with the restrictions placed on the Jan Dhan accounts

The government/RBI (it is hard to tell the difference these days) has placed restrictions on the withdrawal of deposits of 500 rupee and 1000 rupee notes made into bank accounts under the Jan Dhan scheme. This apparently has some good…

Demonetisation General

Problems with the tall claims made about demonetisation

There is an abundance of claims by the government both about the virtues of demonetisation as well as the duration of the “inconvenience” people have to go through. Here is my attempt to debunk some of them. To begin with, there…

Can IT Authorities Summon Judge Indrajit Mahanty for questioning?

10th September, 2016, Cuttack: One is puzzled by the accounting treatment for Justice Indrajit Mahanty’s Rs 2.5 crore working-capital loan for his hotel, The Triple C. Lakhs of rupees are withdrawn and repaid every month in two SBI loan accounts…

Mafatlal director gets lucky after coming out of BIFR

Mumbai, 18th Nov, 2013: Weeks after coming out of BIFR, the loss-making Mafatlal Industries appears to have sold assets to their own directors for peanuts. On 31st July 2011, Mafatlal Industries Ltd. sold to director of Mafatlal Services Ltd. Mr…