-Outlook The CPI(M) today castigated the government for foregoing over Rs 5.73 lakh crore as tax revenues by granting tax Concessions to the rich, saying the amount was Rs 53,000 crore more than the fiscal deficit. "The budget proposals will further enrich the rich and impoverish the poor," senior CPI(M) leader Sitaram Yechury told reporters while reacting to the 2013-14 Budget. Quoting data presented in the budget, he said the aggregated revenue foregone...

-IPS News Officials at the World Bank are forcefully rejecting a new internal evaluation that is highly critical of the institution’s decade-long forest policy, expressing their “strong disagreement” with some assertions in the report. The assessment, written by the Independent Evaluation Group (IEG), the World Bank Group’s auditor, warns that expectations for poverty reduction as envisioned in the bank’s 2002 Forest Strategy “have not yet been met”. The report is particularly critical...

-Outlook The sorts of corruption that matter are a purview of privileged     “An intellectual man can be a good man but he may easily be a rogue. Similarly an intellectual class may be a band of high-souled persons, ready to help, ready to emancipate erring humanity, or it may easily be a gang of crooks or a body of advocates of narrow clique from which it draws its support.”     —B.R....

-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...

-The Hindu As I write this, there are protests going on all over Delhi, and in other parts of the country, against the gang-rape of a young woman on a moving bus a few days ago in the city. People are out there in large numbers — young, old, male, female, rich, poor — and they’re angry. They want the rapists to be caught, they want them to be taught a...