People with income below taxable limit need not furnish Permanent Account Number (PAN), the Karnataka High Court ruled. The High Court order came as a relief to thousands of individuals who are asked to provide PAN despite having income below the taxable limit. Section 206 AA of the Income-Tax Act, which became effective from assessment year 2010-11, makes it mandatory for every person to furnish PAN in their transactions with...
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Lethal ingredients in the Rio+20 mocktail-V Suresh & NS Tanvi
-The Hindu Commodification, commercialisation and financialisation of nature will produce a greedy, not green, economy Over 100 world leaders will meet in Rio de Janeiro this week for the U.N. Conference on Sustainable Development, popularly referred to as Rio+20 Global Earth Summit. It is being held amidst “‘a world running low on drinking water and productive land’ and set against the backdrop of accelerating global warming, climate change, chemical contamination of air, land...
More »Pie in the sky: the Rio+ 20 story-Sunny Sebastian
-The Hindu Differences galore over the commitments made at the Earth Summit As the leaders met in a mountain-girdled Brazilian town for the crucial official round of discussions on the Rio+20 text, what was most noticeably missing was the kind of excitement that was witnessed two decades ago, when more than 172 governments, as many as 108 of them sending their heads of state, participated for the first-of-its-kind global awakening event. The...
More »Poorest in societies will suffer the most if we use our resources unsustainably-Janez Potocnik
In just over a week, world leaders will gather in Brazil for the Rio +20 Summit to decide what kind of future we want. Twenty years after the original earth summit, the theme is the green economy in the context of sustainable development and poverty eradication. Why is the conference important and why the aspirations for a 'green economy'? A green economy is one that results in improved human well-being and...
More »India has reasons to smile after G-20 summit -TCA Srinivasa-Raghavan
-The Hindu India has reason to come away feeling pleased with the outcome of the seventh G-20 summit, which concluded in Los Cabos on Tuesday. First, Prime Minister Manmohan Singh ticked the Europeans off for landing themselves and the world economy in such a big mess and then expecting handouts from even poor countries. Second, the Prime Minister’s consistent stand, that growth and austerity have to be combined, has also finally found...
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