-IPS News Officials at the World Bank are forcefully rejecting a new internal evaluation that is highly critical of the institution’s decade-long forest policy, expressing their “strong disagreement” with some assertions in the report. The assessment, written by the Independent Evaluation Group (IEG), the World Bank Group’s auditor, warns that expectations for poverty reduction as envisioned in the bank’s 2002 Forest Strategy “have not yet been met”. The report is particularly critical...
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Shell India accused of tax evasion-Utpal Bhaskar, Remya Nair and Amrit Raj
-Live Mint Income-tax department says firm had underpriced intragroup share transfer by Rs 15,000 cr and evaded taxes consequently The Indian arm of Royal Dutch Shell Plc , Shell India Pvt. Ltd, has been accused by the income-tax (I-T) authorities of underpricing an intragroup share transfer by ` 15,000 crore and consequently evading taxes, said a person familiar with the development. Following the notice, which is one of the biggest transfer pricing orders...
More »Ashis Nandy’s corruption theory is a load of bull -R Jagannathan
-First Post Here’s the real reason why sociologist Ashis Nandy should be in the dock of public criticism. There is almost no evidence whatsoever to substantiate his observation that the backward classes and Dalits are seen as more corrupt because they are less good at hiding it than their upper class compatriots. Nandy is facing police investigations for saying at the Jaipur Literary Festival (JLF) last week that “most of the corrupt...
More »Don’t join retail queue but cut diesel taxes, Moily tells States-Sujay Mehdudia
-The Hindu OMCs will revise price every month until losses are wiped out The Centre is seized of some State governments’ directive to their transport undertakings (STU) to line up at retail outlets for refuelling following the removal of subsidy for bulk consumers of diesel, Petroleum Minister M. Veerappa Moily said on Friday. Talking to reporters here, Mr. Moily said he had heard that States such as Gujarat and Tamil Nadu had asked...
More »Only MNS filing tax returns: RTI -Sanjeev Devasia
-DNA If an RTI reply is to be believed, then the Maharashtra Navnirman (MNS) is the only party in the state which is assessed and is filing income tax returns regularly with the income tax department. The reply also says that the party has been receiving donations above Rs20,000, but as parties are exempted from tax on income from donations under section 13A of the I-T Act, no tax is payable...
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