-The Hindu The new Intellectural Property Policy, unveiled by the Finance Minister is in compliance with TRIPS. Finance Minister Arun Jaitley released India’s National Intellectual Property Rights (IPR) Policy recently. The Policy which is in compliance with WTO's (World Trade Organisation) agreement on TRIPS (Trade Related aspects of IPRs), aims to sustain entrepreneurship and boost Prime Minister Narendra Modi's pet scheme 'Make in India.' Here are the highlights: >> The Policy aims to...
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Supreme Court seeks drought policy, raps states for ‘ostrich-like attitude’ -Shreeja Sen and Sayantan Bera
-Livemint.com Revision of drought management manual among slew of directions made by Supreme Court New Delhi: The Supreme Court on Wednesday hit the reset button on drought management, directing the government to abandon the existing system and evolve a transparent, rules-based framework. The new policy will prescribe a standard methodology and time-frame for declaring drought. The court also directed the Union government to set up a National Disaster Mitigation Fund within three...
More »SC raps 'ostrich-like' attitude of states in drought handling -Sanjeeb Mukherjee
-Business Standard/ PTI Directs Centre to constitute a national disaster response force within the next six months In a strong indictment of Centre and states' handling of the drought situation, the Supreme Court on Wednesday said if state governments maintain an "ostrich-like attitude", Centre cannot wash its hands of constitutional responsibility, since the "buck stops" with it. The apex court, giving its judgment on a Public Interest litigation by Swaraj Abhiyan on drought,...
More »Job growth at a snail’s pace -Santosh Mehrotra
-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...
More »Soon, submit income tax return copy to get LPG subsidy -Amitav Ranjan
-The Indian Express The IT Act forbids the income tax department from sharing income details of an assessee unless the Central government specifies an officer, authority or body to receive the data to perform his or its functions under a law. Soon you will have to submit a copy of your income tax return (ITR) every year to the LPG dealer to claim subsidy on cooking gas cylinders. With the voluntary GiveItUp...
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