The government introduced a retrospective clarification to the Income-Tax (I-T) Act, 1961, virtually amending the law to ensure that cross-border transactions such as the $11.08 billion (around Rs55,735 crore today) Vodafone-Hutchison deal are taxable. The Supreme Court had ruled this deal as not being taxable in India. The amendment becomes crucial because a review petition by the government on this case is pending before the Supreme Court, which might now have...

The Centre is planning a few amendments to key education reform bills whose legislative progress has been stalled by opposition to several of their clauses. The Telegraph had reported how private educational institutions had been arguing that the “draconian” bills would make it difficult for new colleges and universities to be opened, and would threaten institutional heads with stringent punishment for minor mishaps. Human resource development ministry sources now say they propose...

Ten years after the killings in Gujarat, Narendra Modi has neither expressed regret nor has he been held accountable for those mass deaths. Where do we go from here? Anand Teltumbde (tanandraj@gmail.com) is a writer and civil rights activist with the Committee for the Protection of Democratic Rights, Mumbai.   Just thinking of it, a shiver runs down my spine. I had my own brush with how the Hindutva gangs carried out the...

-The Economic Times India has lifted the week old ban on cotton exports following intense political protests, but stiff riders have been put in place to discourage overseas hoarding.  Exports will be allowed only of consignments that had been registered before the ban after scrutiny and revalidation to eliminate ``fictitious'' transactions while issue of fresh registration certificates has been put on hold. The group of ministers headed by finance minister Pranab Mukherjee,...

-The Business Standard Is river interlinking really worthwhile and viable? The Supreme Court’s startling directive to the Centre to set up a “special committee” to expedite river interlinking, which the Court declared was in the “national interest”, has caused the grandiose project to be, once again, closely examined. The idea has been fashionable in fits and starts; it was conceived as far back as the 1970s, and was promoted by the National...