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...

-The Economic Times The largest United Nations conference in history is happening now in Brazil. Rio+20, the UN Conference on Sustainable Development, is assembling over 50,000 people and more than 130 heads of state and government. Beyond the politicalcommitments world leaders are promising to make by the end of the summit, how can Rio+20 help us promote actual changes in policymaking towards socio-environmental synergies? The two main themes of Rio+20 - the...

Four of India's southern states — Tamil Nadu, Andhra Pradesh, Karnakata and Kerala — that together constitute 22% of the country's population recorded 42% of suicide deaths in men and 40% of self-inflicted fatalities in women in 2010. Maharashtra and West Bengal together accounted for an additional 15% of suicide deaths. Delhi recorded the lowest suicide rate in the country. In absolute numbers, the most suicide deaths in individuals, aged 15 years...

-The Economic Times A growing number of countries are adopting India's intellectual property regulations, which give enough flexibility to local companies to produce generic versions of popular drugs to safeguard public health. Although multinational companies have criticised India for being lax in enforcing intellectual property (IP) laws, countries such as China, Argentina and the Philippines are adopting similar provisions. Last month, China amended its IP laws, allowing local companies to produce low-cost versions...

-The Hindu Today marks seven years of protests against the Posco project June 22 marks the seventh year of the struggle against the Posco project in Odisha. It was on this day in 2005 that the Odisha government and the South Korean steel company signed a Memorandum of Understanding (MoU) for what was stated to be the single biggest case of foreign investment in the country. Though the government has acquired over...