Drug smugglers and third-world dictators laundering ill-gotten wealth through secretive banking systems in tax havens is an anachronistic image from crime novels. Leveraging US' remarkable success in compelling tax havens to block terrorist financing, the G20/OECD have successfully persuaded tax havens to improve tax transparency and participate in an international regime of information exchange. All tax havens have committed to OECD standards for tax transparency and are executing Tax Information Exchange...
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The trouble with junk food-Sunita Narain
-The Business Standard It is not in the interest of food companies to advertise what their products contain, but it is in our interest to know Junk food is junk by its very definition. But how bad is it and what is it that companies do not tell people about this food? This is what the Centre for Science and Environment (CSE) laboratory checked. The results were both predictable and alarming....
More »Vinod Mehta, Editorial Chairman, Outlook Group interviewed by Hartosh Singh Bal
Q The idea of regulating the media is very much in the news. What are your views on the matter? A Obviously, the ideal way to do this would be self-Regulation. I don’t think anyone in the profession has any doubt about that. Everybody agrees that self-Regulation is a very good thing, but we don’t seem to move beyond that. And we are consequently opening a window for people who want...
More »Microfinance institutions escape charge of abetting suicide of clients-M Suchitra
In 2010, Andhra Pradesh witnessed a series of suicides. These were not cases of farmers' suicides—a regular occurrence in the state which continues to be in the grip of an agrarian crisis. The victims in these cases happened to be the poorest of the poor; most of them illiterate dalits and adivasis. The first information reports (FIRs) of the police reveal that most of the suicides were due to coercive...
More »Delhi: 70 pc schools still flouting Right to Education norms-Subhajit Sengupta
Schools in Delhi are openly flouting the Right to Education norms. The RTE has mandated 25 per cent seats in private schools for economically backward students. But more than 70 per cent schools in the capital couldn't care less. But with the Supreme Court upholding the Act, they may not have a choice any more. The Supreme Court had mandated that all private unaided schools across the country should reserve 25...
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