-Down to Earth Sivasankaran's land grabbing spree has threatened millions of livelihoods, says report Indian origin businessman Chinnakannan Sivasankaran has engaged in aggressive land grabbing of more than half a million hectares across Africa, Asia and South America, putting millions of livelihoods at risk. This was revealed in a detailed report released by Barcelona-based non-profit GRAIN on Tuesday. The report says Sivasankaran diverted 0.56 million hectares of food-producing land to production of palm...
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Pan masala, gutka to cost more as govt raises duty
-The Times of India NEW DELHI: Pan masala, gutka and several other tobacco products that are sold in pouches are set to get expensive as the government on Monday increased excise duty in a last-ditch effort to boost revenues. A statement issued by the finance ministry did not specify the extent of increase in excise but said the levy will now be linked to the capacity of production, which has increased due...
More »11 crore PAN holders, only 3.5 crore file tax returns
-Deccan Herald Out of 11 crore PAN Card holders, only 3.5 crore file Income Tax returns Concerned over tax collection not keeping pace with the growth in income and wealth, a Parliamentary Standing Committee has recommended that the tax department should encourage PAN card holders libel for tax to file their income tax returns. The committee, in its latest report tabled in Parliament, said that the Permanent Account Number (PAN) has been allotted...
More »Following the domestic iron ore trail-Sudipto Mondal
-The Hindu The travails of an official who tried to trace the route, destination of the ore THE STORY SO FAR A six-month investigation by The Hindu shows that 350 million tonnes of iron ore was transported out of Bellary between 2006 and 2010 costing the exchequer over Rs. 1 lakh crore. The Lokayukta report had pegged the loss at Rs. 12,228 crore. Our investigation showed that 200 million tonnes of ore was...
More »498 Indians hold offshore A/Cs in tax havens
-The Times of India NEW DELHI: A database of one lakh offshore entities in tax havens owned by, among others, 498 Indians with addresses in upscale enclaves in major cities, generated a huge buzz on Saturday with agencies expected to try and decipher the disclosures. The last tranche of disclosures came out in April, among them were names of industrialists Vijay Mallya and Ravikant Ruia and Congress MP Vivekanand Gaddam, although nothing...
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