With less than a week left, the UPA government seems to be split on the issue of appealing against the Karnataka High Court’s order stating that wages under the Mahatma Gandhi National Rural Employment Guarantee Act have to be fixed as per Minimum Wages Act. The Special Leave Petition challenging the High Court order has to be filed by December 23. But while PM Manmohan Singh and the Finance Ministry are...
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Tax exemptions for rich costs govt Rs 4.6L cr
-The Times of India The subsidy for the poor is dwindling, but this has not deterred the government from lining up corporate houses' pockets. Last year, the Centre gave away potential revenue of Rs 4.6 lakh crore on account of various tax exemptions and incentives to industrialists, compared to the Rs 1.54 lakh crore on subsidy to poor and farmers. There are direct tax incentives and exemptions to businesses in the corporate...
More »Food Security Bill may cost Rs 2 lakh cr annually by Shishir Sinha
The proposed food security Bill may cost Rs 2 lakh crore annually for the Government. The Cabinet is expected to reconsider this Bill on Monday. The Government aims to introduce this Bill in the ongoing session of Parliament. Earlier the annual cost was estimated at Rs 1-1.5 lakh crore, but a latest calculation by the Commission for Agriculture Costs and Prices (CACP) could show a higher outgo. The Finance Ministry allocated...
More »Aadhaar: time to disown the idea by R Ramakumar
“…the Committee categorically convey their unacceptability of the National Identification Authority of India Bill, 2010…The Committee would, thus, urge the Government to reconsider and review the UID scheme.…” This was the conclusion of Parliament's Standing Committee on Finance (SCoF), which examined the Bill to convert the Unique Identification Authority of India (UIDAI) into a statutory authority. With this categorical rebuff, the SCoF dealt a body blow to the Aadhaar project, which...
More »Thomas goes all out, aims current session to table bill by Zia Haq
Congress chief Sonia Gandhi has asked Union food minister KV Thomas to iron out last-mile hurdles in the way of the flagship food bill before it is brought to the Cabinet again on Sunday. A lack of consensus in the Cabinet — which must clear the bill before it can be placed in Parliament — led to it being stalled last Tuesday. The Congress chief, who had overseen the bill’s drafting...
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