-The Hindu Business Line Indian corporates are just settling in to the regime of mandatory spends on CSR activities. The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they disclose the reason. Many companies, which have fallen short, have listed a variety of reasons for this short-fall. This varies from the need for more time to identifying the right CSR...
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Climate Deal: Is Our Earth Safer Now? -Jayanta Basu and GS Mudur
-The Telegraph Nearly 200 countries this evening reached a climate accord that some analysts have called a "turning point" in human history designed to drive the world towards 100 per cent clean energy. "It's a compromise... but it is a historic accord for the world," said Laurent Fabius, the president of the Paris conference of parties and the French foreign minister. "Our responsibility to history is immense." But others have warned that the...
More »EU asks for cap on PDS spending in return for food security deal -D Ravi Kanth
-Livemint.com Brussels suggested more burdensome, stringent conditions for the permanent solution than what were agreed as part of interim solution in the 2013 Bali summit Geneva: The European Union (EU) has insisted that India must accept a financial cap on market price support programmes if New Delhi wants a permanent solution for the public stockholding programmes for food security at the Nairobi meeting of the World Trade Organization next week, according...
More »Nitish proposes panel to monitor Bihar package
-The Times of India PATNA: In an apparent move to politically besiege PM Narendra Modi on his announcements during the recently concluded assembly elections, CM Nitish Kumar on Tuesday urged the assembly speaker to form a joint committee of state legislature to monitor execution of works under all the schemes listed in the much-publicised Rs 1.65 lakh crore special package for Bihar. The CM proposed that the joint committee should be headed...
More »Unshackling the states from central schemes
-Livemint.com A large number of central schemes end up curbing the autonomy of states In some ways, the thunder of finance minister Arun Jaitley’s first full-year budget was stolen by the Fourteenth Finance Commission (FFC) report. Released just a few days before the budget speech was made, the FFC brought in significant changes in state-centre finances by increasing the devolution to states from 32% to 42% of the net Union tax...
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