-The Times of India Government agencies fear that terror funds are flowing into the real estate sector, apart from a substantial part of the black money generated within the country finding its way into the housing industry. An assessment prepared by revenue intelligence agencies and reviewed by the finance minister recently reveals that the highest component of undisclosed money detected by the income tax department was from the real estate sector. Officials suspect...
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Monitoring government spending
-Live Mint High on hype, the budget speech of the Union finance minister today is merely a statement of account. As India’s economy diversifies—with the private sector playing an increasingly important role—this annual feature has assumed much lower salience. Not only have fiscal policies lost the space they enjoyed in earlier years, even major policy announcements are restricted to being mere statements of account. Examples from other arenas include “activism” on...
More »Fight it drop by drop by Jairam Ramesh
India has just been taken off the World Health Organisation (WHO) list of polio-endemic countries. And if the success of not having a single new case over the past year is sustained for another two years, India will finally emerge as a polio-free country. The nation's public health administrators and international agencies deserve praise for this achievement. This is also perhaps just the right moment to recall the hands-on leadership role...
More »Farmers oppose cut in natural gas supply to fertiliser units
-The Business Standard A proposed move by the Centre to slash natural gas supplies to phosphorous and potash-based (P&K) fertiliser Manufacturing units has seen a number of farmer bodies, agro-experts and scientists raise a howl of protest. The move could seriously impact soil fertility, which in turn could hit food production in the country, they warned. Nutrients in soil are necessary to increase overall productivity of agri-commodities to help meet the country’s...
More »Silent Report by Prabhat Patnaik
In a report released on January 30, and covered by the world’s press the next day, the United Nations has warned of a severe resource crisis that would overtake the world if current trends persist. A growing population and a rise in the number of middle-class consumers will increase the demand for resources so rapidly that even by 2030 the world will need at least 50 per cent more food,...
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