-The ASIan Age The Central Board of Direct Taxes had been taking action whenever it found there were unexplained known sources of income. New Delhi: The Supreme Court on Wednesday asked the Centre to furnish details of the action taken against MLAs and members of Parliament whose assets had grown manifold during the intervening period between one election to another. A bench of Justices J. Chelameswar and S.A. Abdul Nazeer passed this order...
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All three extreme events and the cause common
-The Telegraph New Delhi: The bouts of rainfall that battered Houston, Mumbai and Calcutta last week, albeit in vastly different amounts, may earn tags of extreme rain events that weather scientists say are becoming more common under the influence of global warming. The tropical storm Harvey set a record for continental US with 132cm rainfall about 45km southeast of Houston on August 29. Mumbai's Santa Cruz weather station documented 31cm rain over...
More »India's Urban Floods Are More Acts Of Man Than God -VR Vachana
-Huffington Post blog A result of dysfunctional municipal planning and governance. The flooding woes of Indian cities have hit the headlines yet again, with Mumbai, Chandigarh, Bengaluru and Agartala being among the worst affected. As for the response to these crises—there is enough evidence to indicate that the patchwork solutions that have been employed will work like steroid shots that might mitigate the issue temporarily, but worsen it in the future. Planning in...
More »Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
More »India Beats Pakistan To Be The 'Most Corrupt Country in ASIa'
-Outlook India's neighbour, Pakistan, stands fourth in the list with 40 per cent bribery rate. If the statistics furnished by the Transparency International (TI), an anti-corruption global civil society organisation, are anything to go by, India has a long way ahead to fulfil one of the many objectives as told by the current Indian government - defeating the malice of corruption. A recent survey by the Transparency International states that India is the...
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