Madrasa managements across the country are keenly watching the budget session of Parliament. No, they are not looking forward to the kind of budget that will be presented by the Finance Minister. Their anxiety is to see the promised relief coming in the Right to Education (RTE) Act for minority institutions. The government has promised to bring amendments to certain sections of the Act seen as having a ‘negative impact'...
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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...
More »Decline in poverty? RS dubs it as a ploy
-Rediff.com Opposition parties on Tuesday raised the issue of Planning Commission reducing the number of people living below the poverty line dubbing it as a ploy to deceive the poor. Soon after the Rajya Sabha met for the day, members from Bharatiya Janata Party, Janata Dal-United, Bahujan Samaj Party, All India Anna Dravida Munnettra Kazhagam and the Left parties were on their feet seeking a discussion on the issue. Chairman Hamid Ansari said...
More »Budget 2012-13: Education Highlights
-The Times of India Many feel the Budget is positive for the education sector, with good amounts allocated to higher education and school education exempted from service tax Pranab Mukherjee, finance minister, presented the Union Budget for the year 2012-13 on Friday, with reference to the state of the global economy and its impact on India. The Budget seems positive for the education sector, with good amounts allocated to higher education and...
More »5.3 % share for children in Budget-Aarti Dhar
As much as 5.3 per cent of the Union Budget for 2012-13 is Budget for Children (BfC) with an increase of 0.3 per cent since 2011-12. This must be set against the inflation rate of 6.6 per cent. The increase can be attributed to the increased allocation in the development sector by 66.2 per cent and health by 29.7 per cent. However, as always, the share of the protection sector remains...
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