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The Income Tax department, on directions of the Supreme
Court in connection with the 2G spectrum allocation case, has found no
instance of tax evasion after going through the entire range of intercepted
conversations of corporate lobbyist Niira Radia.
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The department, according to sources, has placed a
detailed report stating these facts to the apex court recently which is
expected to take up the case in its hearing on the issue next month.
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However, a final decision on these findings would only be
taken by the top court once it goes through the report submitted by the
department.
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The apex court bench, headed by Justice G.S. Singhvi, had
ordered CBI and the I-T department to probe certain issues that were
identified by CBI after going through the transcript of the Radia tapes.
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The department had recorded 180 days of Radia’s
conversations — first from August 20, 2008 onwards for 60 days and then from
October 19 for another 60 days.
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The Finance ministers and central bank governors of G20
nations decided to work towards lifting their collective GDP by more than
two per cent over the next five years and exhorted the United States to go
ahead with the IMF quota reforms.
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The group of 20 rich and developing nations said they
“deeply regret” the stalling of IMF quota reforms with the United States yet
to ratify them.
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The IMF quota reforms, which seek to increase the voting
share of emerging economies including India, had hit a roadblock with the US
Congress refusing to increase the American contribution to the multilateral
body.
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Emerging economies, including India, have been asking the
U.S., which has started gradual withdrawal of its fiscal stimulus, to be
more predictable in monetary policy. The U.S. Federal Reserve’s tapering has
caused flight of capital out of emerging economies and in turn hammering
their currencies.
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The G20 countries also committed to develop new measures,
for maintaining fiscal sustainability and financial sector stability, to
significantly raise global growth.
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China’s first lunar rover Jade Rabbit, which woke up ten
days ago after being declared dead, has entered its third “planned dormancy”
even as mechanical issues that might cripple the vehicle still unresolved.
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The rover named Yutu (Jade Rabbit) in Chinese entered its
14-day dormancy, with the mechanical control issues unresolved, state-run
Xinhua news agency reported.
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Yutu touched down on the moon’s surface on December 15,
some hours after lunar probe Chang’e-3 landed.
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The rover was designed to roam the lunar surface for at
least three months to survey the moon’s geological structure and surface
substances and look for natural resources.
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China is the third country to soft-land on the moon after
the United States and the Soviet Union. Chang’e-3 is part of the second
phase of China’s lunar program, which includes orbiting, landing and
returning to Earth.
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The country has also sent probes to orbit the moon in
2007 and 2010, the first of which crashed onto the lunar surface at the end
of its mission.
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According to the SASTIND, the Chang’e-2 has become
China’s first man-made asteroid, and is currently 70 million km from the
Earth.
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The former Supreme Court judge, K.T. Thomas, will head
the eight-member search committee to select the names for various posts of
Lokpal, the anti-corruption ombudsman.
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Justice Thomas was unanimously chosen on February 20 by
the selection committee, comprising Prime Minister Manmohan Singh; Lok Sabha
Speaker Meira Kumar; Supreme Court Judge H.L. Dattu, who is the nominee of
the Chief Justice of India P. Sathasivam; Leader of the Opposition in the
Lok Sabha Sushma Swaraj; and Jurist P.P. Rao.
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This committee will scrutinise the more than 300
applications received for the post of chairperson and eight members (four
judicial and four non-judicial) and forward the names to the selection
committee.
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The chairperson can be a serving or former Chief Justice
of India, a sitting or former judge of the Supreme Court or a person of
impeccable integrity and outstanding ability.
No tough laws against marines
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The government told Supreme Court that it will not use a
severe anti-piracy law when it tries two Italian marines accused of killing
two Indian fishermen in 2012.
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The Government attorneys told the apex court that the
law, which carries the death penalty, will not apply in the case.
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India has previously ruled out the possibility of a death
penalty but said it would still prosecute the marines under the anti-piracy
law.
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The Italian government has strongly protested India’s
position and sought U.N. and European Union intervention in easing the
deadlock.
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Massimiliano Latorre and Salvatore Girone were providing
security aboard a cargo ship in February 2012 when they opened fire on a
fishing boat they mistook for a pirate craft and killed two Indian
fishermen. The marines are on bail pending trial, and are living and working
at the Italian Embassy in New Delhi.
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The Tamil Nadu Chief Minister Jayalalithaa asserted that
her government would face it legally, responding to the Centre moving the
Supreme Court seeking direction to Tamil Nadu not to release four convicts,
including Nalini.
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On February 19, Ms. Jayalalithaa announced in the state
assembly her government’s decision to release all the seven convicts, a day
after the Supreme Court commuted the death penalty of three of them --
Murugan, Santhan and A G Perarivalan -- to life.
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However, the decision came in for severe flak from
Congress, including its vice-president Rahul Gandhi, whose father Rajiv
Gandhi was victim of the LTTE suicide bomb blast on May 21, 1991 at
Sriperumbudur.
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The Centre filed a petition on February 20 before the
Supreme Court challenging the Tamil Nadu government’s decision and the court
stayed the release of Murugan, Santhan and Perarivalan.
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The Centre recently filed another application seeking
stay on release of four other convicts, including Nalini, whose death
penalty had already been commuted to life in 2000.
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Courtesy his Delhi Open triumph, India’s numero uno
singles player Somdev Devvarman jumped 18 places to become world number 78
in the latest ATP rankings.
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He collected 100 ranking points after beating top seed
Alerksandr Nedovyesov in the final, and is set to face world number five and
2009 US Open winner Juan Martin Del Potro in the first round of the ATP 500
Dubai Duty Free championships.
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Somdev’s career best rank is 62, which he had achieved in
July 2011.
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India’s number two singles player Yuki Bhambri lost three
places to end up at 146. The Delhi boy had made a shock first-round exit at
the Delhi Open.
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In the doubles category, Leander Paes continued to be
India’s top player at number 10. Rohan Bopanna lost a place to end up 16th
while Mahesh Bhupathi, who is set to retire this year, further slipped to
41. Left-handed Divij Sharan was the next best at 65.
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In the women’s rankings, Sania Mirza (11) dropped out of
the top-10. Mirza suffered a shock first-round exit from the Dubai event
with partner Cara Black last week.
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