The policy is to promote specific high-value segments within agriculture, where corporate houses have major profit interests. A COMMON compliment that Pranab Mukherjee's Union Budget for 2011-12 received from the media was its proclaimed “friendliness” to agriculture and rural areas. It was not just the media; members of India Inc. welcomed the Budget as “focussed” on agriculture. However, a close look at the Budget estimates reveals a different picture. Public...

The Union budget writes off Rs.240 crore in corporate income tax every single day on average — the same amount leaves India each day in illicit fund flows to foreign banks. In six years from 2005-06, the Government of India wrote off corporate income tax worth Rs.3,74,937 crore — more than twice the 2G fraud — in successive Union budgets. The figure has grown every single year for which data are...

Budget 2011-12 marks a sharp retreat of the government from the social and economic sectors. It has cut back expenditures in sectors that matter to common people, especially the poor. On the other hand, it has given huge concessions to the corporate sector in the form of tax cuts and exemptions. Let us take the overall fiscal stance of the budget. The underlying strategy is to reduce its fiscal deficit to...

A number of questions on the Unique Identification (UID) project continue to remain unanswered while the project itself is necessitated by the government's policy shift to play an indirect rather than direct role in providing services, a panel of researchers told journalists on the sidelines of a public talk on the subject at St. Xavier's College here on Saturday. Usha Ramanathan, researcher on jurisprudence, poverty and rights, said it was not...

Activists and researchers today raised doubts over security of data being collected for the Unique Identification (UID)project and its public utility. "The personal information being collected for the UID would be stored in a central database system without assuring protection against data theft. There could be a possibility of profiling, tracking and surveillance with the help of the information," Usha Ramanathan, an independent law researcher said today at a press conference. There...