Anti- Corruption Measures

Emphasising the importance of chartered accountants in preventing corruption and detecting irregularities, Vice President Jagdeep Dhankhar on Friday said any dilution of their unique role would have a cascading effect on the country's economy and financial health. Addressing the inaugural session of 'Global Professional Accountants Convention' (GloPAC) at Mahatma Mandir convention centre in Gandhinagar, he said tax evasion and financial frauds endanger the financial stability and growth of the economy. "There is a thin line between tax planning and evasion. Chartered accountants should always tilt in favour of tax planning and condemn tax evasion. As watchdogs, your capacity is potent enough to contain these. CAs are a financial form of MRI (magnetic resonance imaging) and CT (computed tomography) scan. There can be no legal transgression or window dressing if a CA is determined," the VP asserted. Observing that a tax system is only as good or as complicated as tax professionals mak

The Enforcement Directorate (ED) on Thursday recorded the statement of RJD chief Lalu Prasad's daughter Chanda Yadav in a money laundering case linked to the alleged land-for-jobs scam in the railway, sources said. Chanda Yadav deposed before the agency and her statement was recorded under the Prevention of Money Laundering Act (PMLA). She is the fourth child of the RJD chief, a former railway minister, to have deposed before the ED in this case till now. Lalu Prasad has nine children. On Wednesday, his another daughter Ragini Yadav was questioned even as his MP-daughter Misa Bharti. His son and Bihar Deputy Chief Minister Tejashwi Yadav has also been questioned at the agency's office in central Delhi. The agency had raided the premises of Chanda Yadav, her sisters Ragini Yadav and Hema Yadav, and former RJD MLA Abu Dojana in Patna, Phulwari Sharif, Delhi-NCR, Ranchi and Mumbai in March. The ED had on Monday questioned and recorded the statement Tejashwi Yadav in this case. Misa

CVC to go in for development of the integrity index-based on bench-marking of internal processes