Corruption and inflation, the bugbears of UPA-2, dominated discussions Congress functionaries held with finance minister Pranab Mukherjee amid expectations from the party that a populist Budget would help check the negative tide against the Centre. Party leaders are hoping specifically for income tax relief for the middle class and concessions for rural populace as the budgetary antidote to the negativity post-2G spectrum scam. Mukherjee assured his party that prices would come down...
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Galloping Growth, and Hunger in India by Vikas Bajaj
The 50-year-old farmer knew from experience that his onion crop was doomed when torrential rains pounded his fields throughout September, a month when the Indian monsoon normally peters out. For lack of modern agricultural systems in this part of rural India, his land does not have adequate drainage trenches, and he has no safe, dry place to store onions. The farmer, Arun Namder Talele, said he lost 70 percent of...
More »Regulatory body for NGOs suggested
With the number of non-governmental organisations growing in the country, the government is planning to bring them under a regulatory mechanism to make them accountable. As of now, there are no specific laws or regulations to regulate volunteerism in India. A task force, constituted to examine the issues related to the evolution of an independent, national level, self-regulatory agency for the voluntary organisations and develop accreditation methodologies by the Planning Commission,...
More »Indian Black Money: The Swindler’s List by Ashish Khetan
It is almost two years since the German Government had passed on the names and bank account details of eighteen Indians who had stashed their alleged ill-gotten wealth in the LGT bank of Liechtenstein, a well-known tax haven nation, 190 km from Munich, Germany. Germany had officially handed over the list to the Indian Government on 18 March 2009. Prime Minister Manmohan Singh and Union Finance Minister Pranab Mukherjee have since...
More »Too Much Goodwill by Pragya Singh
NGOs To No Go’s * NGOs have mushroomed; so have instances of misappropriation of funds * Not disclosing expenditure and receipts; nor revealing who funds them * Not setting up NGO for the task it was funded for * Flocking to 'hot' topics, inviting accusations of singing to industrialists’ tunes * For every NGO supporting a cause, another springs up against that cause *** NGO numbers * 3.3 million Number of NGOs...
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