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...

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been winding up its plans to set up SEZs     * As many as 28 SEZ proposals, in the government and private sector, were withdrawn or projects denotified in the last six months     * Farmer protests, land acquisition problems, economic downturn and non-feasible tax regimes are cited as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...

Almost 65 years after Mahatma Gandhi used "satyagraha" or "truth force" to lead a movement against British rule in India, Gandhism is back, this time facing an enemy more pernicious than colonialism: corrupt politicians, bureaucrats and businessmen stashing stolen wealth abroad. The two foremost leaders of India’s anti-corruption movement, Anna Hazare and Baba Ramdev, are deploying satyagraha’s most potent weapon – fasting – with telling effect on the government. On Thursday, Hazare...

When it was almost certain that the governments of the country were to take their hands off from total acquisition of land for a private project, the Sonia Gandhi-led National Advisory Council has started thinking otherwise. The thought went out for hundred per cent acquisition by the government. Had this come at the germinal stage of discussion about changes in the colonial Act, it could have resulted in Mamata Banerjee’s face...

Victims have not forgotten the following brutal tragedies in the life of independent India, even if the State and political parties may pretend to have. 1984—Delhi: On October 31, Prime Minister Indira Gandhi was assassinated by her two Sikh bodyguards in revenge for ‘Operation Bluestar’. For the next three days, as Doordarshan telecast the lying in state of her body, over 3000 Sikhs—men and boys—were burnt alive while policemen, politicians and...