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Panel frowns on static scholarship amount -Basant Kumar Mohanty

-The Telegraph New Delhi: A parliamentary panel has voiced shock that a scholarship for underprivileged meritorious students had not been revised since the scheme was launched in 2008, leaving it at less than half of what households now spend on average on a higher secondary student. According to a survey on social consumption, households spend Rs 12,619 a year on a plus-2 student's schooling, while the yearly amount under the National Means-cum-Merit...

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Institutional identity of RBI has been damaged: Former Governor Reddy

-The Indian Express Reddy was also critical of the way Governor and Deputy Governors is selected. Mumbai: Former Reserve Bank Governor YV Reddy on Monday said: “The role of central bank in our economy is under threat and it is a national problem which has to be addressed as a national problem”. In an interview to CNBC-TV18 channel, the former Governor also said, “my own suspicion is that the institutional identity of...

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Deposits scrutiny a challenge, says ex-CBDT chief -Vikas Dhoot

-The Hindu “We have around 45 crore bank accounts and if 1% of such accounts are picked up for scrutiny, that itself will make 45 lakh cases. Is it humanly possible? No chance”. Former Central Board of Direct Taxes chairperson Sudhir Chandra, who headed a high-level committee to tackle the black money menace back in 2011, has said that the Income Tax department will find it challenging to scrutinise all cash deposits...

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Rights for the rightful owners -Brinda Karat

-The Hindu On the tenth anniversary of the historic passage of the Forest Rights Act, tribal resistance to defend their rights is growing even as government after government tries to dilute its provisions On this day 10 years ago the historic Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act was passed in the Lok Sabha. Its conception and passage was the result of the decades of struggles and...

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Time to blow the whistle -Yogendra Yadav

-The Hindu Parliament is considering an amendment to the Prevention of Corruption Act which would only end up helping the corrupt. Its passage would administer a big blow to our already weak anti-corruption mechanism As the nation engages in a doubtful “war on black money”, we run the risk of disengaging ourselves from any action on corruption, the fountainhead of black money. Indeed, we may be moving backwards in the battle against...

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