FreePress India - Breaking News and Editorial in Indian Business

Lokpal Bill Mission – Curb Corruption

April 14, 2011 by Editor's Desk

It is well known fact from Kids to Grandpas across the length and breadth of the country that Bribery / Corruption is rampant in India and termed political interference as a key reason for poor enforcement of anti-bribery and corruption laws in the country. Hence, having a strong civil participation in the matter can help bring enhanced governance.

Successive Governments in India has taken various initiatives in the recent past to curb corruption, mostly by being vocal in the press without actual powers to the civil society nor punishing the culprits. There is an urgent need for a mechanism that would adopt

Read moreLokpal Bill Mission – Curb Corruption

Siddhivinayak Temple Trust PAN Number

April 14, 2011 by Editor's Desk

The famous Siddhivinayak Ganpati Temple at Prabhadevi Mumbai accept donations running in Billions of Indian Rupees yet doesn’t publish PAN Number on the receipt which can be used to avail Income Tax benefit under section 80/G. We have personally verified the PAN Card the Siddhivinayak Ganpati Temple Trust and the PAN Number of the same … Read more Siddhivinayak Temple Trust PAN Number

Tamilnadu Assembly Elections Opinion Poll – AIADMK Set for Return

March 17, 2011 by Editor's Desk

The OUTLOOK-MDRA opinion poll for the forthcoming assembly elections in the state of Tamilnadu indicate that AIADMK headed by Jaylalitha will be back in power according to 54% of the people.

AIADMK has formed an alliance with DMDK (a party led by a popular former film star Vijaykanth). In the previous state election, DMDK

Read moreTamilnadu Assembly Elections Opinion Poll – AIADMK Set for Return

KPMG Trashes Government for Corruption – Recall Singh ?

March 14, 2011 by Editor's Desk

In a survey conducted by KPMG, Real Estate, Constructions and Telecom ranked high on the list of most corrupt sectors. The thing here is the innocent and hardworking Indians are only made aware of the corruption in Telecom now by Media activism, otherwise barring few Reliance and other names, the sector is not that highly corrupt.

KPMG survey indicated,

Read moreKPMG Trashes Government for Corruption – Recall Singh ?

The Great Financial Scams of India

August 21, 2012March 3, 2011 by Editor's Desk

As India evolves, let us not forget the Great Financial Scams as a direct result of deficit in Governance by our corrupt Politicians and Bureaucrats. Here is the Hall of Shame and the people who were responsible with estimated amount of public money being stolen. Bofors scam (1987) Rajiv Gandhi/ O Quattarochi Rs640m Fake stamp … Read more The Great Financial Scams of India

Budget 2011 Live – Highlights

February 28, 2011February 28, 2011 by Editor's Desk

Excerpts from Pranab Mukherjee’s Speech Live – Continuous Update.

Indian economy at pre-crisis growth trajectory. Food Inflation still remains a concern. FY11 Fiscal consolidation impressive. Service Sector continues to grow in double digit. Stronger fiscal consolidation needed. Need to ensure sustained private investment.

FM says corruption is a problem; must fight it collectively. Need to improve the supply of agriculture to meet demand. Current account deficit poses some concern. Economic growth seen at 8.75%-9.25% in FY12. GST rollout preparation in final stages, will be tabled in the current session. Sees FY11 industrial growth at 8.1% and services growth at 9.6%.

FIIs allowed to invest in MF schemes. Divestment target at

Read moreBudget 2011 Live – Highlights