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Budget 2018: Trade unions urge govt to focus on employment generation

-PTI The leaders claimed thousands of people had lost their jobs because of demonetisation Trade Unions want the government to allocate more funds in the Union Budget for employment generation and claimed that opening up the retail market to foreign players would lead to further loss of jobs. Though Finance Minister Arun Jaitley had said suggestions made by TU leaders during a pre-budget consultation meet last month would be considered, the leaders felt...

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Mixed Signals from the External Sector -CP Chandrasekhar

-NetworkIdeas.org A slew of numbers released recently point to rather peculiar and contrary trends in India’s balance of payments. Exports have revived but the trade and current account deficits widen, pointing to an excess of foreign exchange expenditure relative to earnings. While the widening current account deficit points to a weakening balance of payments position, foreign exchange reserves are at record levels. The foreign exchange reserve increase is funded largely by capital...

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SC glare on 'political bonds'

-The Telegraph New Delhi: The Supreme Court today sought the response of the Centre and the Election Commission on a joint petition filed by NGOs challenging amendments to the 2016 and 2017 Finance Acts that allegedly allow unfettered donations by corporate houses in India and foreign entities to parties in the name of "political bonds". According to advocates Prashant Bhushan and Neha Rathi, appearing for the NGOs Association of Democratic Reforms and...

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Cancer specialist asks PM for tobacco probe

-The Telegraph New Delhi: A leading cancer specialist has called on the government to investigate whether a "tobacco lobby" has influenced arms of the government to initiate action against public health organisations engaged in India's tobacco control efforts. Kailash Sharma, director of academics at the Tata Memorial Hospital, Mumbai, has cited leaked government and tobacco industry documents to seek a probe into whether a Union home ministry note allegedly depicting tobacco control...

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Text not the sole test: SC -R Balaji

-The Telegraph New Delhi: The Supreme Court today rejected the Centre's argument that since the right to privacy does not figure among the fundamental rights mentioned in the Constitution, it cannot be a constitutional right. "To sanctify an argument that whatever is not found in the text of the Constitution cannot become a part of the Constitution would be too primitive an understanding of the Constitution and contrary to settled canons of...

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