Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said that the development needs to be more inclusive while announcing increased outlay on social sector schemes. "Total food inflation is down from 20.2 per cent last year to 9.3 per cent...
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Ex-CJI's 3 kin found in possession of black money: I-T department
In further embarrassment to former Chief Justice of India KG Balakrishnan, Income Tax authorities on Saturday said they have unearthed black money in possession of three of his relatives during their investigation into allegations of amassment of wealth by them. "As far as Justice Balakrishnan is concerned, I cannot say anything. But as far as his relatives-- two sons-in-law and brother are concerned, we have found there is black money", director...
More »Coke Kerala bill: Rs 216cr by John Mary
The Kerala Assembly has passed a landmark law that makes Coca-Cola liable for damages of up to Rs 216 crore for alleged pollution and exploitation of groundwater at its bottling plant in northern Palakkad district. A committee appointed by the state government has quantified the loss caused by the plant to the local community at Rs 216 crore since the soft drinks maker set up the unit in arid Plachimada. The previous...
More »India Coca-Cola compensation law is passed in Kerala by Jyotsna Singh
The southern Indian state of Kerala has passed a new law that will allow people to seek compensation from the soft-drink giant Coca-Cola. The company is mired in controversy over its bottling operation in Palakkad district, which campaigners say has caused environmental damage. They say it has also led to a severe water shortage in the area. Coca-Cola's Indian subsidiary - Hindustan Coca-Cola Beverages (HCCB) - has rejected the charges. In a statement, it...
More »The imbalance in gender budgeting by Bhumika Jhamb
The allocations earmarked for women as a proportion of the total Union budget outlay has gone up from 3% in 2007-08 (revised estimate) to 6.1% in 2010-11 (budget estimate) It will be seven years since the government, acknowledging a gender imbalance, introduced gender budgeting in 2005-06. Ever since then, the annual budget has been accompanied by a gender budgeting statement. An analysis of the last four Union budgets reveals two things....
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