-The Financial Express The agriculture ministry is not reconciled to the grip which Monsanto has on the Indian cottonseed industry owing to the immense preference for its patented, genetically-modified (GM) bollworm-resistance traits. On May 16, Additional Solicitor-General Tushar Mehta intervened in a dispute between Monsanto and its biggest (now divorced) sub-licensee, Hyderabad-based Nuziveedu Seeds. He made written submissions on behalf of the government, a week after hearings on the matter had...
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Don't Tell Kanhaiya What To Do Because You Think JNU Runs On Your Taxes -Sruthijith KK
-Huffington Post Of all the arguments that have been raised this turbulent spring in our country, one stands out as egregiously vulgar. It evokes in me the moral equivalent of the middle-ear reflex to high intensity sounds, which has a special place in the hierarchy of unpleasant sensations. It's the tax nationalism argument. In essence, it's this: How dare students benefitting from subsidized education funded by OUR tax money hold opinions that...
More »Subsidies: Plug subsidy leaks to help fiscal consolidation
-Business Standard Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16 If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties...
More »Highlights of Union Budget 2015
-The Hindu FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. States to be equal partners in economic growth; move to making India cashless society; social sector programmes to continue. Some of the challenges mentioned by the Finance Minister are: poor agricultural income, decline in manufacturing ; and the need for fiscal discipline. Here are sector-wise highlights: TAXATION 1 Abolition of Wealth Tax. 2 Additional 2% surcharge for the super...
More »Wages of industrial sin by Sreelatha Menon
Denial of labour entitlements to contract workers is at the root of urban squalor The human development report does not say anything new. It only sums up the outcome of policies being followed in this country. It does not, for instance, highlight the seeds that have manifested themselves in hunger and poverty. One of the seeds is the helpless labour enforcement machinery, which is unable to deal with the mammoth reality...
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