Token relief to individual taxpayers will cost the exchequer Rs. 4,500 crore In a “pragmatic and domestic growth-oriented” budgetary exercise aimed at shoring up investor confidence and investment, Union Finance Minister Pranab Mukherjee on Friday sought to tap indirect taxes, especially service tax, to rake in an additional Rs. 45,940 crore into his kitty. Presenting the budget for 2012-13 in Parliament, Mr. Mukherjee provided a token relief to individual taxpayers that will cost...
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What cost his job: bold budget, new tariff ideas
-Express News Service On Wednesday, Railway Minister Dinesh Trivedi lost his job for doing what two of his immediate predecessors — one of them his own party boss — could not. After 10 years, fares of passenger trains were finally increased in the rail budget that Trivedi presented, with the aim of pumping in much-needed funds into the financially ill national transport utility. Rolled out in two forms, the “fare rationalisation” models...
More »TRAI gets govt approval to act as civil court by Joji Thomas Philip
The apex decision-making body of the communications ministry has cleared the proposal to grant more powers to the Telecom Regulatory Authority of India (TRAI) and enable the watchdog to act like a civil court. This puts TRAI on par with the Securities and Exchange Board of India and the Competition Commission of India and permits the telecom regulator to 'summon persons, examine them on oath, demand documents and evidence on affidavits...
More »Manmohan turns down Waterman's resignation from Ganga Authority
-The Hindu PMO holds talks with Magsaysay Award winner Rajendra Singh The Prime Minister's Office has asked Magsaysay Award winner Rajendra Singh – better known as Waterman -- to re-consider his resignation from the National Ganga River Basin Authority. Mr. Singh and his Authority colleagues Ravi Chopra and R. H. Siddiqi had quit two days ago in protest against alleged indifference of the Central Government towards protection of the Ganga river. Mr. Singh has...
More »Why rape victims aren't getting justice by Praveen Swami
In 1953, the authors of India's first-ever crime survey presented a grim picture of the state of the new country's police forces. “There has been,” authors of Crime in Indiareported, “no improvement in the methods of investigation or in the application of science to this work. No facilities exist in any of the rural police stations and even in most of the urban police stations for scientific investigation.” From the National Crime...
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