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Finance red flag over 38% jump in food subsidy-Ravish Tiwari & Manoj CG

-The Indian Express The annual subsidy bill for the UPA’s proposed food guarantee law has been estimated at Rs 1,24,747.1 crore, 38.6 per cent over the budgeted food subsidy of Rs 90,000 crore for next year. An alarmed finance ministry is learnt to have red-flagged some major changes proposed in the original National Food Security Bill, sources said. It has objected to the proposal to do away with the original categorisation of beneficiaries...

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The feeding frenzy of kleptocracy-P Sainath

-The Hindu Since 2005-06, taxes and duties for the corporate world and the rich have been written off at the rate of Rs.7 million a minute on average. Duties waived on gold and diamonds in the last 36 months equal the 2G scam amount Forbes has just added an “errata” to Union Finance Minister P. Chidambaram’s budget speech. The Minister had found a mere 42,800 people in the country with a taxable...

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India’s rich are the problem-CP Chandrasekhar

-The Hindu Even as the Reserve Bank of India (RBI) frets over the high rate of inflation and wards off pressures to cut interest rates, it is faced with another challenge. Balance of payments data for the second quarter of 2012-13 show that the current account deficit continues to rise, and has touched a record 5.4 per cent of GDP. Both of these developments that would be considered signs of “overheating”...

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GoM for lowering age of consent to 16-Smita Gupta

-The Hindu A year after the United Progressive Alliance government passed the Protection of Children from Sexual Offences Act, raising the age of consent for sex from 16 years to 18, the Group of Ministers (GoM) set up on Tuesday to suggest changes in the new draft law to check crimes against women has recommended reducing it to 16. Currently, Section 375 of the IPC says that one of the conditions for...

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Differences over rape laws resolved, age of consent to be 16

-The Indian Express Differences within the Cabinet over the proposed amendments to rape-related laws were resolved Wednesday when a Group of Ministers recommended that the phrase “sexual assault” be replaced with the word “rape” in all laws, age of consent for sex be retained at 16, and a provision that provides for punishment for filing false complaints be done away with. The recommendations of the GoM, headed by Finance minister P Chidambaram,...

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