It will again divide the people, says CPI(M) general secretary Stating that the proposed Food Security Bill is “inadequate,” Communist Party of India (Marxist) general secretary Prakash Karat said on Sunday that the Left parties will stage an agitation pressing for the inclusion of everyone, irrespective of whether they are classified as below or above the poverty line. Speaking at a public rally on the outskirts of the city, he said that...
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Pranab banks on indirect tax hike-Ashok Dasgupta
Token relief to individual taxpayers will cost the exchequer Rs. 4,500 crore In a “pragmatic and domestic growth-oriented” budgetary exercise aimed at shoring up investor confidence and investment, Union Finance Minister Pranab Mukherjee on Friday sought to tap indirect taxes, especially service tax, to rake in an additional Rs. 45,940 crore into his kitty. Presenting the budget for 2012-13 in Parliament, Mr. Mukherjee provided a token relief to individual taxpayers that will cost...
More »Downward slide in the summer of our discontent-Sitaram Yechury
An opportunity has been forsaken to strengthen our economic fundamentals while improving the lives of the people, increasing the divide between India Shining and India Suffering. While the people were hoping for relief in the current budget, the Finance Minister was faced with the task of reversing the slowing growth rate and raging inflation. He had a choice in this budget. He, however, chose a path that is going to worsen...
More »UPA’s elbow room to push crucial reforms may shrink
-The Indian Express The Samajwadi Party’s sweep in India’s biggest state, Uttar Pradesh, and Congress’s defeat in Punjab and Goa will further shrink the elbow room the Congress-led UPA government at the Centre has to push through key initiatives such as foreign direct investment (FDI) in multi-brand retail, pension reforms and legislation such as the goods and service tax (GST) that require support from states. The Centre had postponed some of these...
More »Trade, bank unions call mega strike on Feb 28
-The Times of India The UPA government is bracing for a mega strike on February 28, backed by trade unions cutting across party lines, in protest against rising prices, Disinvestment of profit-making PSUs and violation of labour laws among other reasons. They will be joined by around 8 lakh bank employees who are protesting against reforms and outsourcing of jobs. Almost all sectors, except railways, are likely to come to a stop...
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