Token relief to individual taxpayers will cost the exchequer Rs. 4,500 crore In a “pragmatic and domestic growth-oriented” budgetary exercise aimed at shoring up investor confidence and investment, Union Finance Minister Pranab Mukherjee on Friday sought to tap indirect taxes, especially service tax, to rake in an additional Rs. 45,940 crore into his kitty. Presenting the budget for 2012-13 in Parliament, Mr. Mukherjee provided a token relief to individual taxpayers that will cost...

-DNA Though known for its computer whizkids world over, the penetration of computers/ laptops in India is only 9.4% or less than one out of 10 households with only 3% having internet facility. The penetration of internet is 8% in urban as compared to less than 1% in rural area. The 2011 housing census figures released on Tuesday by the Registrar General of India threw up some interesting facts bringing out stark...

-The Telegraph   There is no jargon in Assam chief minister Tarun Gogoi’s brand of economics — there are only blankets and Bicycles and other such mundane things that he feels the poor need. And he even got a nod from a man who has received the Nobel Prize for economics. Speaking at a discussion, flanked by Joseph Eugene Stiglitz, an economics Nobel laureate and Lord Meghnad Desai, professor emeritus at the London School...

Union rural development minister Jairam Ramesh admitted lapses of the past but spoke of a new beginning today in Saranda while unveiling an action plan for the forest region that was under the shadow of Maoist terror for over a decade. Armed with goodies like Bicycles and transistor radios for residents of Chotanagra panchayat, about 120km from district headquarters of Chaibasa, Ramesh made it clear that the implementation of the development...

Watching the recent debate on the poverty line has been a depressing experience. As the debate unfolded, we witnessed self-righteous commentators engaged in a game of one-upmanship to prove that no one was more concerned for the poor than they, electronic media failing in its responsibility to inform the public simple facts and the Planning Commission proving itself incapable of communicating in simple terms the rationale behind its proposal either...