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498 Indians hold offshore A/Cs in tax havens

-The Times of India NEW DELHI: A database of one lakh offshore entities in tax havens owned by, among others, 498 Indians with addresses in upscale enclaves in major cities, generated a huge buzz on Saturday with agencies expected to try and decipher the disclosures. The last tranche of disclosures came out in April, among them were names of industrialists Vijay Mallya and Ravikant Ruia and Congress MP Vivekanand Gaddam, although nothing...

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India losing 135 hectares forest daily: RTI -Rohith BR

-The Times of India BANGALORE: Ever wondered why the country is fast losing its forest cover? The simple answer is that large tracts of forest land are being handed over to public and private agencies in the name of development projects. Digest this: According to recent data acquired through RTI from the ministry of environment and forests by a group of environmentalists, the extent of forest land being diverted across the country...

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How to reduce our rotting mountains of grain

-The Economic Times India's GDP growth has almost halved from 9.2% in 2010-11 to 5% in 2012-12. Major problems include a high current account deficit, high fiscal deficit, and lack of bank credit for small and medium enterprises. All three problems can be mitigated substantially by one single measure - reducing excess food stocks. So say Ashok Gulati and Surabhi Jain, chairman and joint director respectively of the Commission for Agricultural...

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A flawed order, difficult to implement -MM Ansari

-The Indian Express In the aftermath of the Central Information Commission's order holding political parties as public authorities for the disclosure of details of political funding, the turf war between members of civil society and the parties has intensified. It is commonly believed that a major source of corruption in the functioning of government can be traced back to the method of funding of parties and elections. The efforts made by...

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Scene At Land’s End -Prasenjit Bose

-Outlook The LARR bill must plug gaps that allow ingress of misery for the affected The UPA's proposed land acquisition, rehabilitation and resettlement (LARR) bill contains several provisions which seek to improve upon the existing land acquisition law. Anyway, the present law has clearly run its course, with people no longer willing to submit to coercion by the state. The enactment of a new land acquisition law, in order to make...

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