Indians with undisclosed foreign assets and offshore bank accounts will be in for a shock this Budget if the finance ministry clears a proposal empowering income tax authorities to reopen assessments up to 16 years as against 6 years now. The proposed amendment, the ministry feels, may not only act as a deterrent, but also put pressure on people to declare their wealth stashed away in Swiss banks and tax havens. In...
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Teesta Setalvad of Citizens for Justice and Peace interviewed by Anupama Katakam
Interview with Teesta Setalvad of Citizens for Justice and Peace. TEESTA SETALVAD, through her organisation Citizens for Justice and Peace, has been at the forefront of the fight for justice for the victims of the 2002 communal riots in Gujarat. She has also worked extensively on many other issues affecting minority communities in the State. In this interview to Frontline, she speaks about Chief Minister Narendra Modi's new tactics and the marginalisation...
More »Snakes and ladders by Amartya Sen
Like many board games that were developed in India, of which chess is perhaps the most important and famous, the game of “snakes and ladders” too emerged in this country a long time ago. With its balancing of snakes that pull you down and ladders that take you up, this game has been used again and again as a metaphor for life, telling us about our fortunes and misfortunes, and...
More »Cooperatives central to fighting hunger, stresses UN agency
-The United Nations Cooperatives and producer organizations will be increasingly important in efforts to eliminate hunger and reduce poverty, the head of the United Nations Food and Agriculture Organization (FAO) said today. “FAO needs strong cooperatives and producer organizations as key partners in the effort to eliminate hunger for some 925 million people, and to respond to the many challenges that face our world today,” said Director-General José Graziano da Silva. He told...
More »States can grow 1% for every 10% new Internet connections
-PTI Economies of Indian states can grow 1.08% faster with every 10% increase in Internet and broadband connections, says a study released today by Indian Council for Research on International Economic Relations (ICRIER). Consequently, for every 10% increase in Internet and broadband penetration, India could potentially add $17 billion to the gross domestic product (GDP), the report said. "Our first major finding is the existence of a positive and significant coefficient on Internet....
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