-The Times of India There was some grumbling when Indian Taxpayers were told in 2004 that they would have to begin paying an education cess of 2%. But the move also inspired a lot of positivity, because of a widely-shared belief that upgrading education is the most effective thing our government can do to lift Indians into affluence. Although it took the Parliament another half decade to enact the Right to...
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Cheat funds, again
-The Hindu The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still possible for unscrupulous promoters to design and operate Ponzi schemes built around promises of extraordinary returns that are clearly unsustainable. Such schemes depend upon a steady stream of fresh deposits...
More »Govt shifts stand, wants PPP project details revealed -Himanshi Dhawan
-The Times of India In a significant move towards transparency, the government on Tuesday said all public authorities should proactively disclose information related to public private partnerships (PPP) projects on their websites. Though the disclosure will be voluntary, this marks a shift from the Centre's stand for the last two years when it stonewalled Central Information Commission (CIC)'s recommendation seeking disclosure of PPP projects and will herald greater transparency. Guidelines issued by the...
More »Get Aadhaar to obtain PAN card now
-PTI The Unique Identification (UID) Aadhaar number will soon be a "valid" proof of identity and address to obtain a PAN card. A proposal for inclusion of Aadhaar in the existing list of valid proof of identification and proof of address for allotment of PAN was sent to the finance ministry by the Unique Identification Authority of India sometime back. The ministry has decided to notify rules in this regard. It is aimed...
More »Aakash is no silver bullet-Akshat Rathi
-The Hindu The government needs to open its eyes and realise that the technological utopia it envisions in the low-cost tablet is no cure for poor education, poverty or inequality The last few days have brought the Aakash tablet back into the media limelight. Last Friday, Human Resource Development (HRD) Minister M.M. Pallam Raju said that troubles with the manufacturer could doom the project. But the next day, former HRD Minister Kapil...
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