-Outlook The CPI(M) today castigated the government for foregoing over Rs 5.73 lakh crore as tax revenues by granting tax concessions to the rich, saying the amount was Rs 53,000 crore more than the fiscal deficit. "The budget proposals will further enrich the rich and impoverish the poor," senior CPI(M) leader Sitaram Yechury told reporters while reacting to the 2013-14 Budget. Quoting data presented in the budget, he said the aggregated revenue foregone...
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Budget has failed to address concerns of masses: Karat
-PTI Says sharp decline in fuel subsidies points to a hike in petrol and diesel prices to international levels CPI(M) general secretary Prakash Karat today said that the Union budget has "failed" to address the major concern of the masses and questioned the reason behind cutting oil subsidy and increasing the tax concession for the corporates. "There has been a sharp decline in petroleum subsidy, for diesel, petrol and other oil products....
More »FDI in retail will touch only 13.3% of population, Centre tells SC -Dhananjay Mahapatra
-The Times of India The Union government downplayed the opposition's concern over allowing foreign direct investment in multi-brand retail and informed the Supreme Court on Friday that the policy, when fully implemented, would touch the lives of only 13.3% of the country's population living in 53 cities. The government said its policy on FDI in multi-brand retail stipulated that retail sales outlets could be set up only in cities with a population...
More »It’s clear you do not want to cede control: Brinda
-The Hindu Patna: The rejection of the Lokpal committee’s recommendation on transfer of CBI officers had exposed the government’s intention of maintaining a grip on the investigating agency, senior Communist Party of India (Marxist) leader Brinda Karat said at a press conference here on Friday. “There is a question mark on the understanding of the ruling alliance on Lokpal. They forcibly passed the Bill in the Lok Sabha and when it was...
More »No More Juice To Squeeze-Panini Anand
-Outlook Hapur: Its benefit to farmers was well touted. The reality of the loan waiver is less creditable. In the early hours of a foggy morning in the sugarcane belt of western Uttar Pradesh, produce-laden bullock carts move about in Rasoolpur village, Hapur district, about 50 km from Delhi. As good a spot as any to gauge the impact of the ambitious loan waiver scheme for farmers announced by the UPA-I...
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