Social activists and students of Jadavpur University took out separate processions here on Tuesday in protest against the police action last week against Ambikesh Mahapatra, a professor of the university, for circulating e-mails containing graphics of West Bengal Chief Minister Mamata Banerjee and other Trinamool Congress leaders. Dr. Mahapatra, who was arrested in connection with the incident and subsequently released on bail, was present in both the processions. Students carried placards...

 If the data provided by the Union government is to be believed, various bigwigs of the Congress, the Communist parties, the Socialists and the Janata Party have been placed in the list of "freedom fighters". Prominent among these are Giani Zail Singh, P V Narasimha Rao, Neelam Sanjiva Reddy, Darbara Singh, Morarji Desai, Biju Patnaik, Devi Lal, R Venkataraman, Kamla Bahuguna, Babubhai Patel, Lalita Shastri (wife of Lal Bahadur Shastri), Indrani...

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...

Most of us don’t even get a single shot at making history — Manmohan Singh has a second chance The fiscal deficit is an outcome, not a policy. It is the net resolution of the policies pertaining to taxes and expenditure. It is worth analysing separately the two components of the deficit. The table reports the results of relating the tax and expenditure share of GDP to per capita income for...

-Reuters The Congress party trailed in fourth place as vote counting neared its end in Uttar Pradesh on Tuesday, a bitter election blow to Rahul Gandhi who had staked his political future on reviving his party's fortunes in the state. Gandhi, scion of the Nehru-Gandhi dynasty that ruled India for most of its 65 years of independence, had campaigned tirelessly to revive his party in the politically crucial state where it has...