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...
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FCI's intentions of outsourcing food security could spell disaster: Swaminathan
On an RTI ( Right To information) lodged by CNN-IBN, the Food Corporation of India (FCI) has revealed its intentions to outsource India's food security. Prof. M S Swaminathan, the father of India’s green revolution, reacted to the news calling it a national disaster. The government did a poor job of both storing and distributing food grains and let thousands of tonnes simply lie and rot. "Outsource India's food security,"...
More »FCI 'wants' to outsource India's food security by Rupashree Nanda
The Food Corporation of India (FCI) wants to outsource India's food security. CNN-IBN through a Right to Information (RTI) exposes a food scam in the making. Father of the green revolution Professor MS Swaminathan calls it a national disaster. The government did a poor job of both storing and distributing foodgrains and let thousands of tonnes simply lie and rot. "Outsource India's food security" that is what the Chairman and Managing Director...
More »Asia struggles to boost food output as inflation bites by Naveen Thukral
Asian governments, battling soaring food inflation, are pumping ever more resources into agriculture but will struggle to offset rapidly expanding demand in top consumers China and India. China, stung by consumer prices running at a 25-month peak, has been selling state stockpiles. It has also ordered banks to urgently offer support to farmers, an example of the sort of firepower these governments can deploy. With China and India also in many cases...
More »India Needs A Seed Liability Bill by Devinder Sharma
For past several weeks, thousands of farmers in Madhya Pradesh, Uttar Pradesh, Chhatisgarh, Rajasthan, Bihar and Jharkhand have been left in the lurch. They had planted urd and til crops in a large acreage, and to their dismay no grain formation took place in the standing crop. Unable to bear the economic loss, at least four farmers have reportedly committed suicide. Thousands of farmers have been pushed deeper into economic distress....
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