By repeatedly decrying the CAG and trying to malign the person occupying that Constitutional office, the UPA government is weakening an important pillar of democracy and lowering its own credibility Admitting that there is a great deal of uncertainty and a perception of policy paralysis in the government these days, a senior Cabinet colleague of the prime minister recently observed that it was being created by the activities of (Comptroller and...

-The Economic Times Decks have been cleared for reintroduction of the Companies Bill, 2011, in the monsoon session. If the bill is passed after endorsing all the suggestions made by the Parliamentary Standing Committee on Finance, corporate social responsibility (CSR) would, for the first time in the world, become mandatory.  The report recommends that companies with net worth above Rs 500 crore, or an annual turnover of over Rs 1,000 crore, earmark...

The government's efforts to widen the tax base are not paying off. New tax payers added over the past three years show a decline, while a staggering 89% of existing assessees are bunched in the lowest income bracket of Rs 5 lakh or less a year.  Numbers point to a worrying trend the government would want to reverse as while 17,84,709 assessees were added in 2008-09, the figure slid to 16,75,069...

A campaign to help the elderly spend the evening of their lives with dignity and without want is being launched by Pension Parishad with a dharna in Delhi from May 7th to May 11th 2012 at Jantar Mantar, New Delhi. The idea is straight and simple, and is something whose time has come. Just read on and reach the venue for more information and interviews with the campaign participants.   “One...

-Economic and Political Weekly   Budget 2012, built yet again at the altar of fiscal fundamentalism, will not convince anybody. In this era of immediate assessment it took just a few minutes for the Union Budget for 2012-13 to be given one or the other negative appellation – “lacklustre”, “anti-growth”, “back to the 1980s”, “without reform” and the like. Such evaluations forget that union budgets have long since ceased to be statements of...