-The Economic Times The last time the taxman went after those with Swiss bank accounts, many said they had no clue how their names cropped up; quite a few escaped saying that they were non-residents, some simply ignored the missives, and only a few broke down and confessed. And there were the hard nuts who, without losing their equanimity, thought through the situation, invited their accountants and lawyers over for dinner, and...
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Shortfall in monsoon rains widens by Ratnajyoti Dutta
-Reuters A shortfall in monsoon rains has widened to nearly 50 percent of average in the past week, making a revival next week crucial for farmers to sow summer-planted crops such as rice, corn, cane, cotton and soybean. The annual rains are crucial for farm output and economic growth as about 55 percent of the South Asian nation's arable land is rain-fed. Farm sector accounts for about 15 percent of a nearly $2-trillion...
More »European Parliament rejects Anti-Counterfeiting Trade Agreement-Ankur Paliwal
Act makes it possible to seize and destroy even legitimately produced generic drugs exported from India to poor countries It was a triumphant moment for public health campaigners when members of the European Parliament voted against the Anti- Counterfeiting Trade Agreement (ACTA) on July 4. ACTA is a plurilateral pact, designed to protect against counterfeiting of products, including medicines. ACTA, primarily drafted and secretly negotiated by the US, was signed on October...
More »Nagri ire spills over-Raj Kumar
-The Telegraph A day after land protests rocked Nagri, work at the construction site of three premier educational institutions stalled on Thursday even as villagers demanding “return” of their fertile land blocked the arterial Ranchi-Patratu road a kilometre away, disrupting Hazaribagh-bound traffic from the capital throughout the day. A 100-strong mob, comprising mostly women, used a crane belonging to a contractor, to block the vital artery from 9am. Even heavy rain failed...
More »A step away from corruption is anarchy-Shanti Bhushan
-The Hindu Most people remain at the mercy of a venal administration that, encouraged by the absence of an independent watchdog, exploits them relentlessly The state of affairs in the country is characterised by rampant corruption at all levels leading to a breakdown in the rule of law and lack of accountability all around. One can say that there is a complete collapse of governance in the country. Something drastic needs to...
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