Finance Minister Pranab Mukherjee maintained on Sunday that the budgetary proposal to amend the Income Tax Act with retrospective effect from 1962 to assert the government's right to levy tax on merger and acquisition (M&A) deals involving overseas companies with business assets in India is not Vodafone “case specific,” but an enabling provision to protect the fiscal interests of the country and avert the chances of a crisis. Faced with all-round...
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Rural service for medical students to be made compulsory from this year
-The Hindu Legislation in this regard likely to be in place by this month-end: Ramdas One year of rural service for medical students will be made compulsory from this year, Medical Education Minister S.A. Ramdas announced this at the graduation day of the first batch of the Bangalore Medical College and Research Institute (BMCRI) here on Saturday. As many as 148 candidates graduated on Saturday. Despite not receiving an enthusiastic response from the audience...
More »GEAC, experts slip on basics? by Latha Jishnu
As the biotech industry takes heart from the prime minister’s remark, a fresh report shows India’s regulation and expertise on GM crops are sloppy BUOYED by the prime minister’s remark that NGOs were responsible for the moratorium on the release of GM or Bt BRInjal, the biotech industry is stepping up its campaign to get it lifted along with “all constraints in the research and development work of biotech crops”. It...
More »Politics of violence by Suhrid Sankar Chattopadhyay
West Bengal: The murder of two CPI(M) leaders in Bardhaman district points to an increase in political violence in the State. THE brutal murder of Pradip Tah, a former legislator belonging to the Communist Party of India (Marxist), or the CPI(M), and Kamal Gayen, another senior leader of the party, in broad daylight, allegedly by Trinamool Congress supporters, in West Bengal's Bardhaman district on February 22 once again points to an...
More »The Food’s Off The Table-Harsh Mander
It is disappointing that the government has not taken any steps to provide for the Food Security Bill, which is in Parliament, in this budget. A significant announcement on it was anticipated this year; that would have been the only way to see it roll out in 2012. Now, I think, the government must be bargaining for legal processes to take over, which we know will take some time, before...
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