The top 10 investment destinations for Indian companies in the last three years are all tax havens, if the US and UK which figure at number 4 and number 8, respectively, are discounted. The statistic, released by the finance ministry, reinforces the belief that the government has failed in curbing the flow of black money out of the country. Around 40% of the total investments in these three years have been...
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NREGA's new avatar: Work later, take home cash now by Devika Banerji
The government is likely to allow advance part payment of wages in a bid to restore faith of beneficiaries in its flagship rural jobs scheme. The proposal is part of a slew of measures to address mounting criticism of the centrally-funded Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) which is beset by administrative logjam and charges of leakages. The rural development ministry has asked states to initiate a monthlong pilot...
More »New green revolution: Producer companies help farmers reap profits by Nidhi Nath Srinivas
Farmers are joining India Inc in mind, body and spirit. In a quiet revolution underway across the countryside, growers are setting up companies, replete with balance sheets, professional CEOs, board of directors, and income tax returns. By pooling together the land and produce of their shareholders, these companies are signing lucrative deals with large retail chains, food companies and exporters keen to establish reliable supply chains. As many as 200 companies...
More »Bihar nod for draft Lokayukta Bill by Shoumojit Banerjee
The Bihar Government on Thursday approved the draft of the State Lokayukta Bill, 2011 after a Cabinet meeting took the decision to this effect. The Bill is expected to be passed during the State Legislature's Winter session, which commences on Friday. However, the Bill's provisions and amendments would be clear only after it had met with approval from the Governor's office and discussed threadbare by all parties in the Legislature, said Cabinet...
More »NHRC questions AFSPA, finds fault with UPA schemes
-Express News Service In what could strengthen the case of those seeking lifting of the Armed Forces (Special Powers) Act (AFSPA) from parts of J&K and insurgency-hit North-East, the National Human Rights Commission (NHRC) has said the AFSPA “remains in force in Jammu & Kashmir and the North-Eastern States, conferring an impunity that often leads to the violation of human rights”. This (continuation of AFSPA), a report prepared by the NHRC...
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