Both FirstPost and DailyPioneer report a loophole in the black money issue (http://www.firstpost.com/economy/is-budget-2012-about-to-legalise-petty-bribe-income-247263.html) -
It looks like a kind of perpetual amnesty scheme since the recepient of black money has to pay just 30% and keep the black money with no fear of prosecution.
Maybe Outlook can investigate and throw some light on whether this is actually an amnesty scheme for black money holders.
Train passengers in all air-conditioned classes and non-AC first class will have to pay a service tax of 12 per cent. The income from the service tax will - not - accrue to the Railways. (http://www.thehindubusinessline.com/industry-and-economy/economy/article3002185.ece) >>>> The money will be used to win 2014 elections / improve swiss economy.
Rajiv Gandhi Equity Saving Scheme: to allow income tax deduction to retail investors on investing in equities >>> Usual homage to the great husband of Sonia and father of Clown Price; free advertisement for Sonia and clan not to mention make investors feel a sense of eternal gratitude for our Country's 'saviours' every time they open their account to check their savings.
Will the EC rename the scheme during election or fobade us to open the accounts to provide a level playing field.
Maybe some one should file a PIL against this name since it is blatantly free adv for one family in power.