Roadblocks Ahead     * The MIDC has been winding up its plans to set up SEZs     * As many as 28 SEZ proposals, in the government and private sector, were withdrawn or projects denotified in the last six months     * Farmer protests, land acquisition problems, economic downturn and non-feasible tax regimes are cited as reasons for developers backing out. CM Prithviraj Chavan too exercises great caution. *** Mandated to create industrial opportunities in...

The World Bank and a pliant UPA Government plan to do away with India's public distribution system and shut down four lakh ration shops. The excuse-the Public Distribution System (PDS) spends Rs 45,000 crore every year to supply BPL families wheat, rice, kerosene and sugar of which 60 per cent of grain is looted by the food mafia. The 412page 'World Bank Report: Social Protection for Changing India', released on...

-NDTV   Protests continue to intensify against land acquisition for the proposed 12 billion dollar POSCO plant in Govindpur in Orissa. After warning the government of dire consequences in a statement on Friday, five political parties including the CPI, CPM and even civil society activists are expected to join in the protests. Nearly 2000 women, children and men have formed a human barricade to prevent the entry of police and administration in...

The government's move to make tax evasion a criminal offence has drawn strong criticism from former policymakers and commentators, who say if such a move is implemented it will hurt economic activity, undo years of tax reforms and increase harassment. A panel headed by Central Board of Direct Taxes chairman Prakash Chandra, which held its first meeting on Thursday, will examine the proposal. The proposal appears to have been made because...

West Bengal Chief Minister Mamata Banerjee faced a major embarrassment on Friday as she was forced to put on hold an ordinance restoring land in Singur to farmers. The state government on Friday instead proposed to table a Bill in the legislative assembly on Tuesday so that the land in Singur-currently the site of an abandoned Tata Motors factory-can eventually be given back to farmers. "The ordinance that was promulgated on...