It is time for India's government to put its money where its mouth is. New Delhi has raised some $30 billion since March by selling state assets and telecom airwaves. That is about as much as the country will attract in foreign direct investment this fiscal year. There is one area above all else where this money should be directed: food security. New Delhi talks a lot about guaranteeing food for India's...
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Sea water as a social resource: significance of Vedaranyam Salt March by MS Swaminathan
A sea water farming project and a genetic garden of Halophytes are being launched at Vedaranyam today The year 2010 marks the 80th anniversary of the Salt Satyagraha launched at Dandi by Mahatma Gandhi and at Vedaranyam by Rajaji to establish that sea water is a social resource. A Sea Water Farming project and a Genetic Garden of Halophytes are being launched at Vedaranyam on December 26, 2010 to initiate a...
More »India-EU Deal Threatens Mom-and-Pop Retail by Ranjit Devraj
Retail giants pushing the European Union-India free trade deal promise consumers a "new and dynamic retail experience" but ignore the fate of India’s "mom-and-pop" stores and some 40 million people they employ. Four years in the making, the EU-India Bilateral Trade and Investment Agreement made serious headway during Indian Prime Minister Manmohan Singh’s visit to Brussels Dec. 10 and is due to be signed and sealed early 2011. But the negotiations have...
More »Supreme Court asks A-G to produce copy of complaint against Radia
The Supreme Court on Monday asked Attorney-General G.E. Vahanvati to produce in a sealed cover a copy of the complaint received against corporate lobbyist Niira Radia, which formed the basis for the Income-Tax Department to tap her telephonic conversations.A Bench comprising Justices G.S. Singhvi and A.K. Ganguly said this to the A-G after perusing the Centre's counter-affidavit in the petition filed by industrialist Ratan Tata, alleging that the publication of...
More »FinMin probing more than 100 overseas deals for tax evasion
The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman's net. The multi-pronged probe has been undertaken by the international taxation wing of the Income Tax department and the foreign taxation unit in the Central Board of Direct Taxes (CBDT). A number of investments and deals to the tune of billions of rupees...
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