Prime Minister Manmohan Singh Tuesday said he was aware of the "nervousness in the corporate sector" over phone tapping and asked cabinet secretary KM Chandrasekhar to look into the matter and submit a report within a month. "I am aware of the nervousness in the corporate sector arising out of the powers conferred upon the government authorities to tap the phones for protecting national security and preventing tax evasion and money...
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Rangarajan panel grapples with survey methodology by Gargi Parsai
As to who should conduct the survey to identify the ‘priority' and ‘general' categories of households as recommended by the National Advisory Council (NAC) was an issue that the expert panel headed by chairman of the Prime Minister's Economic Advisory Council, C. Rangarajan, grappled with in its meeting here on Tuesday.The NAC has recommended that legal entitlements to subsidised foodgrains be extended to at least 75 per cent of the...
More »FinMin probing more than 100 overseas deals for tax evasion
The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman's net. The multi-pronged probe has been undertaken by the international taxation wing of the Income Tax department and the foreign taxation unit in the Central Board of Direct Taxes (CBDT). A number of investments and deals to the tune of billions of rupees...
More »Gujarat farmers draw attention towards continuing agrarian crisis
Scores of farmers took part in a 'Kisan Swaraj Yatra', a rally, which began from Sabarmati in Gujarat and culminated at Mahatma Gandhi's memorial Rajghat here on Saturday, to draw the attention of the government towards the issues concerning the farmers and the continuing agrarian crisis in India.The farmers and representatives of the 'Alliance for Sustainable and Holistic Agriculture (ASHA)' later met Congress President Sonia Gandhi and briefed her about...
More »An income commission for farmers by Sreelatha Menon
When little children in cities have a Happy Meal burger at McDonalds and get a Batman car or Ben 10 toy free, they are getting much more for free — all gift-wrapped by wheat and potato farmers in some far-off village. They are not paying for the labour put in by the farmer, the profits forgone by him, and the higher cost of living that he did not Bill on...
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