The worse off the poor become, the healthier our Ministers get. Air India might not be doing as well we'd like it to. But the braveheart who flew it fearlessly into dense clouds of debt is doing okay. Praful Patel (who no longer holds the aviation portfolio) added, on average, over half a million rupees every day to his assets in 28 months between May 2009 and August 2011. This might...
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For petrol, Indians shell out the most in the world
-The Times of India For all those already reeling under a series of hikes in petrol prices on the back of zooming inflation, here is some news that will enrage you further. Data of retail prices in countries across the world shows that Indian prices are amongst the highest in the world at current exchange rates. And, if you even out the differences in purchasing power of different currencies then Indian...
More »Amnesty scheme on cards for black money
-The Times of India The finance ministry is devising a voluntary tax disclosure scheme that could provide amnesty to people who have stashed unaccounted money in tax havens and other jurisdictions abroad by charging them a "levy". Finance minister Pranab Mukherjee, after a meeting with industry captains recently, activated a committee on black money set up last year to work out a scheme on voluntary disclosure. This scheme will allow corporates and...
More »Rs 19,000 hotel bill for ‘Gadkari sir friends’...by Amitabh Sinha and Johnson TA
*Rs 19,000 to Atria Hotel for ‘Nithin Gadkari sir friends’ on August 31, 2010. *Rs 44,000 for a money counting machine on September 9, 2010. *Rs 10,000 for the wedding of a journalist’s son. *Footwear for G Janardhan Reddy’s son. As the CBI pursues former Karnataka minister G Janardhan Reddy and his illegal mining activities, details emerging from the computers and diaries of close associates of the mining baron are providing investigating agencies a...
More »‘Cash Grants Must Back Food Access’ by Keya Acharya
Studies by the India-Brazil-South Africa (IBSA) Academic Forum on food security issues in the three countries suggest that providing food access works best when backed by cash transfers. A paper on food security brought out by the UNDP’s Brasilia-based International Policy Centre for Inclusive Growth (IPC-IG), under the Forum, shows that despite the great strides in food production made by India people in this country are just not eating enough. Citing indices...
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