-MoneyLife.in Less than a week ago, the rainfall deficiency was nearly 50% of average. In a span of just six days, the deficiency was cut almost in half. Combine this feat with the fact that monsoon covered the entire country, four days earlier than normal and how does the glass now look? This is one season, so unpredictable that explains the heightened media interest in the monsoon progress. Much has been hyped...
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FDI in multibrand retail will not further reform agenda-Manoj Pant
-The Economic Times The crisis of the euro, a current account deficit of over 4%, double-digit inflation, corruption in governance and a failing political system. It would not be unfair to say that these factors have combined in varying degrees at different times to lead to the conclusion that the globally-acclaimed India growth story seems to be heading for an unhappy ending. Many have labelled this - unfairly, I think - as...
More »Unfair Tax: Mandi tax on grain procurement offers some states a double privilege
-The Economic Times State levies on grain purchase by the Food Corporation of India (FCI) will reportedly push up the Centre's food subsidy bill by Rs 10,000 crore this fiscal year. This is absurd and untenable. High taxes and commissions - 14.5% in Punjab and 10.5% in Haryana - on the minimum support price (MSP) of grain jack up the costs of procurement, drive private trade out of these markets, and set...
More »Visva Bharati regrets incident-Shiv Sahay Singh
-The Hindu For the first time in five days since the controversy over a class V student of Patha Bhavan in Visva Bharati University, Santiniketan, being forced to drink her urine as punishment for bed wetting erupted, the authorities have expressed their regret over the incident on Thursday. Stating that the university “unequivocally regrets the traumatic experience” of the student “at the hands of the Warden,” a press release issued by the...
More »Land acquisition bill encourages squatters-Urmi Goswami
-The Times of India If the Cabinet approves the Land Acquisition and Rehabilitation and Resettlement Bill, 2012, then squatters too will have to be given rehabilitation and resettlement packages if the land they occupy is acquired. Squatters will need to show that they have been working/living in the affected area for three years to be eligible for compensation. Infrastructure ministries are irked at this inclusion, especially the short eligibility period of three...
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