School texts that teach young minds that politics is a contentious and critical but reasonable activity, that it is not merely a set of demands and commands, and that politicians have to be responsive and accountable are naturally disliked by the political class. This is the tone of all the Political Science textbooks of Standards IX-XI brought out after 2006. The nurturing of a culture of critical public opinion seems...
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Owner's nightmare, realtor's fantasy-A Srivathsan
By not resolving the definition of ‘public purpose,' the Land Acquisition Bill keeps the door open for misuse It has taken more than 110 years for the government to draft a new Land Acquisition, Rehabilitation and Resettlement Bill. But despite mounting evidence of widespread misuse of government authority in taking over farm land and the increasing protests against the legal ambiguity that abets such exploitative practices, the revised legislation remains dubiously...
More »Part rollback of petrol hike likely by end-May
-The Times of India Minutes after the Congress demanded relief from the steep hike in petrol price, state-run oil marketers on Thursday indicated they could reduce the price by the month-end if the rupee and international oil prices held steady. "Current trend indicates that prices can come down," IndianOil chairman R S Butola said. He was speaking just after Congress publicly asked for a reduction in the hike. "We are genuinely sensitive to...
More »Govt moots one-time tax amnesty to recover black money stashed abroad
-The Times of India The government's white paper on black money, tabled in Parliament on Monday, listed a one-time tax amnesty to recover funds stashed abroad and a gold deposit scheme for locals as possible ways to deal with the menace, while suggesting that individuals get the tax department's go-ahead for all property deals and face undue scrutiny on cash in their possession. It also called for setting up of independent regulators,...
More »Buying property, jewellery? Govt may ask for receipts-Gaurav Choudhury and Nagendar Sharma
The government may make mandatory the disclosure of high-value purchases such as property and jewellery. Stung by growing public outrage over corruption, finance minister Pranab Mukherjee will on Monday spell out steps taken and planned to curb proliferation of black money. There are no clear estimates of the size of India’s black economy but the amount is pegged between $462 billion (Rs.22 lakh crore) and $1.4 trillion (Rs.77 lakh crore). Mukherjee...
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