-The Economic Times World Bank has said it will extend full financial support to India to help enhance the abysmal level of infrastructural development in the country in the 12th Five Year Plan that begins next fiscal. The World Bank president Robert B Zoellick, who begins his fifth and last official visit to India on Monday, has expressed intent to discuss innovative methods of financing with Indian leaders during his stay. "India's needs...
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Secret govt note says Bt cotton failing, leading to farmer suicides-Zia Haq
India’s Bt cotton dream is going terribly wrong. For the first time, farmer suicides, including those in 2011-12, have been linked to the declining performance of the much hyped genetically modified (GM) variety adopted by 90% of the country’s cotton-growers since being allowed a decade ago. Policymakers have hailed Bt cotton as a success story but a January 9 internal advisory, a copy of which is with HT, sent out to...
More »Menaced by neighbours, activist remains defiant
-The Times of India Seventy-year-old Kalyanasundaram's face wears a permanent look of defiance. Popularly known as 'Thagaval Thaatha', a veteran of over 300 applications under the Right to Information (RTI) Act, he faces threats from close to home - his neighbours. Kalyanasundaram, who gathered with 50 other people from the city on Link Road in Egmore on Sunday morning in response to Anna Hazare's call for a day-long nationwide hunger fast, says...
More »Vodafone tax case: Govt refunds Rs 2,500 cr plus 4% interest
-PTI Within hours of Supreme Court dismissing the review petition in the Vodafone's tax case, government on Tuesday refunded about Rs 2,500 crore plus four percent interest to the firm. When asked, a Vodafone spokesman said "the money has been refunded--Rs 2500 crore plus four per cent interest". Earlier, Law Minister Salman Khurshid told reporters that the government would have to repay the money. "To curative petition to my Knowledge ... I suppose...
More »Vodafone tax case: Supreme Court rejects petition seeking review of order
-The Economic Times The Supreme Court has declined to reconsider its ruling that the tax authorities had no jurisdiction to tax Vodafone's offshore acquisition of its Indian mobile unit, handing what could be a pyrrhic victory to the telecom major. The tax demand, government officials familiar with the case said, could be revived once the provisions in the Union Budget seeking to tax overseas deals are approved by Parliament later this...
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