-The Business Standard The implications of the food security Bill remain worrying The revised draft of the food security Bill, approved by the Cabinet Committee on Economic Affairs (CCEA) on Tuesday, marks some distinct changes over the draft introduced in Parliament in 2011. However, it may still not fully satisfy either the states or activists. While it retains the overall population coverage of 75 per cent rural and 50 per cent urban,...
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India’s rich are the problem-CP Chandrasekhar
-The Hindu Even as the Reserve Bank of India (RBI) frets over the high rate of inflation and wards off pressures to cut interest rates, it is faced with another challenge. Balance of payments data for the second quarter of 2012-13 show that the current account deficit continues to rise, and has touched a record 5.4 per cent of GDP. Both of these developments that would be considered signs of “overheating”...
More »The feeding frenzy of kleptocracy-P Sainath
-The Hindu Since 2005-06, taxes and duties for the corporate world and the rich have been written off at the rate of Rs.7 million a minute on average. Duties waived on gold and diamonds in the last 36 months equal the 2G scam amount Forbes has just added an “errata” to Union Finance Minister P. Chidambaram’s budget speech. The Minister had found a mere 42,800 people in the country with a taxable...
More »Days of excessive profits are over-Ajay Dsouza
-The Hindu New, more fair and transparent norms for iron ore mining are now being put in place in many States Hit by debilitating mining curbs (including an outright ban in some States) and a clampdown on exports through high duties, India’s iron ore industry today is a pale shadow of what it was for much of the last decade, despite some recent forward movement on restarting iron ore mining in Karnataka,...
More »Slash subsidy, raise prices of diesel and LPG: Economic Survey
-PTI Claiming that the "downturn is more or less over", the pre-Budget Economic Survey on Wednesday projected an optimistic 6.1 to 6.7 per cent growth in the next fiscal and made a strong call for cutting subsidises. While pegging the GDP growth at an estimated 5 per cent for the current fiscal, the Survey tabled in Parliament by finance minister P Chidambaram said "...the overall economy is expected to grow in the...
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