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Govt moots one-time tax amnesty to recover black money stashed abroad

-The Times of India The government's white paper on black money, tabled in Parliament on Monday, listed a one-time tax amnesty to recover funds stashed abroad and a gold deposit scheme for locals as possible ways to deal with the menace, while suggesting that individuals get the tax department's go-ahead for all property deals and face undue scrutiny on cash in their possession. It also called for setting up of independent regulators,...

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At Rs 33,000, per capita debt in India increases by 23%

-The Economic Times The per capita income may have gone up by 14% during the last financial year, but the debt burden on every Indian - in the form of the government's debt - went up by 23%, latest official estimates show. According to finance ministry data, the per capita debt in India was estimated at nearly Rs 33,000 at the end of March 2012, compared to a little over Rs 26,600...

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And not a grain to eat-Brinda Karat

What stops the government from using good harvests to reduce, if not eliminate, hunger? For ordinary folk, a 3 per cent increase in food grain production over that of last year, combined with strong procurement operations and good buffer stocks of rice and wheat would be a cause for some celebration. It would be seen as an opportunity to tackle the widespread food insecurity that exists in India today. Instead, we...

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The Great Indian Media Hoax Of Self-Regulation: Ruchi Gupta

-Kafila.org With a comfortable gap of time after the revelations of paid news, private treaties and the Radia tapes, the media is once again on the offensive to guard its independence. The trigger this time is a private member’s bill, the Print and Electronic Media Standards and Regulation Bill, 2012. The proposed legislation has been widely and energetically panned by the industry, with the Congress subsequently distancing itself from the Bill....

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CAG rips into Isro for Devas deal, clears PMO

-The Times of India India's space agency Isro bent rules for private firm Devas to sign a deal for multimedia services, projecting a paltry Rs 1,120 crore revenue over a 12-year period that would not even have covered the cost of launching two satellites for the promised service, the Comptroller and Auditor General (CAG) has said.  In a report submitted to Parliament on Tuesday, the official auditor gave the Prime Minister's Office...

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