The Union budget writes off Rs.240 crore in corporate income tax every single day on average — the same amount leaves India each day in illicit fund flows to foreign banks. In six years from 2005-06, the Government of India wrote off corporate income tax worth Rs.3,74,937 crore — more than twice the 2G fraud — in successive Union budgets. The figure has grown every single year for which data are...

Smart card technology can be used to streamline India's unwieldy PDS. But it is yet to prove itself under real world challenges. Smart cards have become the latest buzzword to remedy India's public distribution system (PDS) — one of the largest food grain delivery networks in the world with more than 500,000 ‘ration' shops. Electronic voting machines have streamlined Indian elections. Credit cards, which can be swiped for payment at any...

The age-old debate of whether the PM should be brought under the Lokpal has returned to the centre of discussion at the highest echelons as a group of ministers considers the anti-corruption mechanism. The GoM, headed by Pranab Mukherjee, is laying out UPA-2's roadmap to fight corruption, as it reels under an unprecedented onslaught by gigantic scams all around. Sources said the GoM, in its upcoming meeting, would look at the Lokpal...

The National Advisory Council today suffered its first setback in revamping the anti-communal violence bill when four associate members quit because their concerns were not addressed. Two of the members are Shabnam Hashmi and John Dayal, who were part of an advisory group that was constituted to help the conveners of a sub-committee working on the proposed law. The other two are Vrinda Grover and Usha Ramanathan, enlisted to help the...

The United Nations Food and Agriculture Organization (FAO) has initiated a programme to improve global information on greenhouse gas emissions from agriculture and accurately assess farming’s potential to mitigate global warming. The improved data acquired by the FAO Mitigation of Climate Change in Agriculture (MICCA) programme, which will receive $5 million in funding from Germany and Norway, will be made available via an online global knowledge base that will profile greenhouse...