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...
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The UID Project and Welfare Schemes by Reetika Khera
This article documents and then examines the various benefits that, it is claimed, will flow from linking the Unique Identity number with the public distribution system and the National Rural Employment Guarantee Scheme. It filters the unfounded claims, which arise from a poor understanding of how the PDS and NREGS function, from the genuine ones. On the latter, there are several demanding conditions that need to be met in order...
More »High on rhetoric, low on delivery by Himanshu
Budgets are no longer statements of accounts or expenditure. In the contemporary context, they are to be seen more as a statement of intent, ambition, reform and politics of inclusion. If these are the parameters on which Budget 2011 is to be judged, it fails despite an implicit statement of intent. For a government which has been elected on the agenda of inclusion, even the statement of intent is not new....
More »A guide to understanding UID number by Harshada Karnik
Urbanization comes with its share of problems. Your new job lands you in a new city and you need necessities such as a mobile connection, a broadband connection or a bank account transfer as soon as possible. Your only hope in such cases till now is maybe a letter from the employer authenticating your address. Enter UID, the unique identity project headed by Nandan Nilekani, which promises to give an acceptable...
More »Anti-corruption crusader demands law on lines of Jan Lokpal Bill
Demanding enactment of a strong anti-corruption law on the lines of Jan Lokpal Bill, social crusader Anna Hazare on Saturday threatened to go on an indefinite fast unto death at Jantar Mantar here from April 5 if the Prime Minister does not act decisively on his suggestion by March-end. “None from civil society consulted” Addressing a press conference here, Anna wondered how the government could pass the anti-corruption Bill without consulting anyone...
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