The Kerala Irrigation Department has sought permission for the transfer of forest land for constructing the Periyar dam. The executive engineer of the Minor Irrigation Department (MID), Kumily, has approached the Kerala Forest Department (KFD) with a request for allotting 50 hectares for the project. The KFD, however, is in a fix over the allocation of the land as it fears widespread environment and ecological imbalances in the Periyar Tiger Reserve,...
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Hamlet becomes banking smart by Amit Gupta
Farmer Dharamshyam Kujur put the hitherto nondescript village of Doba in Kudu block of Lohardaga district on the banking map of India today as he withdrew Rs 100 from his newly opened account. Watching him create history was Reserve Bank of India (RBI) governor D. Subbarao, who, as part of RBI’s ambitious outreach programme aimed at financial inclusion, inaugurated a smart card-based satellite banking system in the village earlier in the...
More »RTE relief for Navodaya schools by Akshaya Mukul
Navodaya Vidyalayas will be exempted from the provisions of the Right to Education Act. The two key provisions — no-screening and giving 25% reservation to children from economically weaker section — will not be applicable to 444 Navodaya Vidyalayas across the country. These schools will be treated as specified category schools. The HRD ministry had sought the opinion of former Chief Justice of India A S Anand, who said Navodaya Vidyalayas...
More »FinMin probing more than 100 overseas deals for tax evasion
The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman's net. The multi-pronged probe has been undertaken by the international taxation wing of the Income Tax department and the foreign taxation unit in the Central Board of Direct Taxes (CBDT). A number of investments and deals to the tune of billions of rupees...
More »A yawning gap by Sanjeeb Mukherjee
From the time a farmer in India harvests his produce to the time it lands on your plate, farm products go through several layers of middlemen, wholesalers, cold chains and other intermediaries, which push its price up by many notches. The end result: growers get paid less and consumers pay more. The stranglehold that the government has over agriculture produce marketing in India has given rise to abject inefficiencies, lack...
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