Karti Chidambaram, son of former Union Minister P. Chidambaram, was arrested by a special team of the CBIs Economic Offences Wing soon after his arrival at the Chennai Airport from London early on Wednesday. Confirming his arrest, a CBI official said the team from Delhi interrogated Mr. Karti in connection with the INX Media case and took him into custody. He was taken to an undisclosed location for further questioning. ... Read More

The richest 1 per cent in India cornered 73 per cent of the wealth generated in the country last year, a new survey showed today, presenting a worrying picture of rising income inequality. Besides, 67 crore Indians comprising the populations poorest half saw their wealth rise by just 1 per cent, as per the survey released by the international rights group Oxfam hours before the start of the annual congregation of the rich and powerful from across the world in this resort town. The situation appears even grimmer globally, where 82 per cent of the wealth generated last year worldwide went to t ... Read More

An asteroid larger than any skyscraper yet built is hurtling toward Earth, the Daily Mail informs. If it hits on Feb. 4, the paper continues, scientists predict a decade of cold and darkness, and skies choked with soot, and misery across the planet. Between these paragraphs, the Mail inserts occasional reminders that asteroid 2002 AJ129 will not hit Earth, according to NASA. In fact it is predicted to get no closer than 2.6 million miles from Earth, despite NASAs scary-sounding classification of the rock as potentially hazardous-a term which the Mail has paired with horrific illustrations of ... Read More

India cricket captain Virat Kohli delivered a fiery press conference after India were beaten by South Africa in the second Test at Centurion's SuperSport Park on Wednesday. Given Indias performance in the two Tests, Kohlis tone and tenor at the post-match media interaction did not go down well with Indian fans.What is the best 11 snapped Kohli when asked if India played the best combination in sub-continental conditions at Centurion,Kohli shot back when a reporter questioned him about the best playing XI. How many Test matches have we won out of 34 How many have we won? How many have we won 2 ... Read More

Days ahead of the Union Budget for 2018-19, the GST Council today approved a change in tax rates of 29 goods and 53 categories of services, Finance Minister Arun Jaitley said. Mr Jaitley, who heads the powerful GST Council, said the new rates will be effective from January 25. The Council in its 25th meeting today also considered simplification of the return filing process and Infosys chairman Nandan Nilekani will meet members to work on this, Mr Jaitley said. Mr Nilekani was present at todays meeting and made a presentation. Infosys is the IT service provider for GST technological network. ... Read More

Prime Minister Narendra Modis remarks against his predecessor Manmohan Singh during the Gujarat election campaign washed out on Wednesday the pre-lunch proceedings in the Rajya Sabha after chairman M Venkaiah Naidu said there was no question of giving an apology.The proceedings were stalled after the Congress and other opposition members created an uproar, demanding that the prime minister come to the House and clarify his remarks against Singh. ... Read More