The Supreme Court dismissed the government’s review petition in the Vodafone tax case on Tuesday, affirming its January ruling that put overseas transfers of shares outside the Indian tax net. The review petition and last week’s budget proposals seeking retrospective changes have revived the uncertainty over tax laws, according to government officials, the Planning Commission and businesses. If Parliament passes the budget in its current form, the judgement in the Vodafone case...

Almost a month ago, when the Jayalalithaa-appointed state expert panel gave a clean chit to the Kudankulam Nuclear Power Project (KKNPP), Firstpost had stated that the agitation was practically over. It was only a matter of time before the protesters were either asked to vacate the plant site or were forcibly removed. Since then, the PMANE (People’s Movement Against Nuclear Energy) and the local struggle committee were essentially waging a losing...

At a time when economic wisdom is seen as lying in allowing unrestrained play of economic power and cutting social sector spending, here is a report emphasising the economic sense in addressing hunger, especially child malnutrition. It also brings out the positive impact of employment guarantee scheme, which has been a thrust area of the UPA government but has seen a cut in allocation in Budget proposals for 2012-13. The report...

-PTI   Amidst mounting pressure from ally DMK and other parties, Prime Minister Manmohan Singh on Monday said India was "inclined to" vote in favour of a resolution on Sri Lanka at the UN which meets "our objectives" with regard to the future of ethnic Tamils. Responding to strong concerns of political parties, Singh told the Lok Sabha that India was yet to receive the final text of the draft resolution moved at...

The common man, whose concerns were at the heart of the Congress-led United Progressive Alliance’s two successful election campaigns, doesn’t seem to be the focus of finance minister Pranab Mukherjee’s budget. Experts and political analysts say the aam admi doesn’t appear to be the dominant concern anymore, prompting speculation about Congress party chief Sonia Gandhi’s role. She has thus far been setting the UPA’s social agenda through the National Advisory Council...