-The Indian Express A year after it was mandated to create a database of financial crimes and issue alerts to enforcement agencies about black money, the country's top economic intelligence organisation CEIB is groping in the dark for want of good snoop information. Top sources in the Finance Ministry said the CEIB, in the last six months, has sent a number of reminders to agencies like the I-T department, ED, IB, CBI,...
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Five disgruntled ministries send land bill to GoM
-The Hindustan Times A bill that seeks to strike a balance between economic growth and issues such as natural resources and livelihood of local residents was referred to a group of ministers (GoM) by the cabinet on Tuesday. The decision of the cabinet meant that the bill — titled The Right to Fair Compensation, Resettlement, Rehabilitation and Transparency in Land Acquisition Bill (previously known as the Land Acquisition, Rehabilitation and Resettlement...
More »Diesel subsidies benefit the haves more than have-nots -Ramkrishna Kashelkar
-The Economic Times MUMBAI: Soaring diesel consumption by fleet owners, telecom companies to keep their towers running and malls to pamper their affluent customers is blowing up the theory that continuation of diesel subsidies is intended to help farmers and truckers in order to keep inflation low. Diesel consumption is growing at a rapid pace that is lining the pockets of the business community rather than the government's intention to help poor...
More »Centre admits giving inaccurate information to Rajya Sabha on auction advice -Dhananjay Mahapatra
-The Times of India In a major embarrassment, the Centre on Thursday admitted to have inaccurately informed the Rajya Sabha on August 9 that it had accepted Ashok Chawla Committee's recommendation to take the auction route for allocation of natural resources. The government told the Supreme Court that the finance ministry was taking steps to correct the information given to Rajya Sabha on Chawla Committee recommendations, which were still under consideration and...
More »Hear The False Ring? -Arindam Mukherjee
-Outlook Why free mobiles to BPL folks is a bad idea “Here you don’t have money to provide them food, and you are thinking of giving them phones,” scoffs a minister in the UPA government, obviously off the record. His comment mirrors the general negative reaction to the ‘Har Haath Mein Phone’ scheme mooted by the Planning Commission, which aims to provide a free mobile phone to each below the poverty line...
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