Farmers across the country are entitled to get Rs 1,080 a quintal (100kg) asminimum support price for paddy. But surprisingly, a team from the Centre that visited Bihar and Uttar Pradesh last week found that theFood Corporation of India (FCI) was paying nearly 30% less. With little procurement taking place in these states, farmers have been left with no option but to go for distress sale. The result: In procurement centres...
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More, better jobs in India, says World Bank report by Kalpana Kochhar
India's economic growth has added over seven million new jobs every year for almost a quarter of a century. Workers have seen their wages - adjusted for prices - rise by nearly 3% a year. Poverty rates among wage workers and the self-employed have fallen. Going forward, with swelling numbers of new entrants - and more women entering the job market , as was the case during east Asia's rapid...
More »Muslim board intensifies campaign for demands by Khalid Akhter
The All India Muslim Personal Law Board (AIMPLB), the apex body of Indian Muslims, is venting its ire against the Congress-led UPA government after it got no response to its demands for amendments in Right to Education (RTE) Act, Waqf Property and Direct Taxes Code Bills. Though the board has been holding meetings across the country to mobilise public opinion since June 2011, the campaign has been intensified in the poll-bound...
More »Companies Bill: arrest power for SFIO
-The Financial Express Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today. "SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject...
More »Tax rulings fixed, CJI demands govt action by Nagendar Sharma and Satya Prakash
Chief Justice of India SH Kapadia has asked the government to take "appropriate action" against at least 20 members of the country's top Income Tax tribunal who are on the CBI's radar for having allegedly 'outsourced' writing of judgments to private parties. Justice Kapadia is understood to have conveyed his displeasure to law minister Salman Khurshid over inaction on the issue since 2008, HT has learnt. Khurshid met the CJI earlier...
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