-The Hindu The primary aim of the demonetisation exercise was to tap black money. To mark the last day for depositing the demonetised notes, on December 31, 2016, the Prime Minister, in his address to the nation, fully acknowledged the great hardship suffered by common people due to the serious delay in making the new currency notes available in the banks, ATMs and rural areas, and thanked them for the faith...
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EC seeks ban on anonymous contributions above Rs 2,000 to political parties
-PTI NEW DELHI: Seeking to stem the flow of black money in polls, the Election Commission has urged the government to amend laws to ban anonymous contributions of Rs 2,000 and above made to political parties. There is no constitutional or statutory prohibition on receipt of anonymous Donations by political parties. But there is an "indirect partial ban" on anonymous Donations through the requirement of declaration of Donations under section 29C of...
More »Delhi professor offers kidney to Kerala bus-cleaner, a stranger -Kaunain Sheriff M
-The Indian Express Kerala is among the few states that allows a liberal interpretation of the law on kidney Donations from those who are not related to the recipient. New Delhi: “You are the light in the darkest moment of my life,” said Paul. “We follow the religion of humanity, we are brothers,” replied John. These were the first words they exchanged when they met for the first time three months ago. When Sakhi...
More »M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)
-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...
More »Foreign cash for parties
-The Telegraph New Delhi: The Centre today told the Supreme Court that political parties that received donation from Indian subsidiaries of foreign companies could not be said to have flouted the Foreign Contribution Regulation Act as Parliament had amended the relevant provision in 2010. Neither the BJP nor the Congress had, therefore, violated the FCRA in receiving Donations from the Vedanta Group's Indian subsidiaries between 2007 and 2009, the Centre contended. Hence,...
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