-The Times of India Diversion of foreign contribution by NGOs is not limited to the 12 organizations whose cases were referred for probe recently. The muck, in fact, runs much deeper with official figures showing that the government has taken action against at least 160 voluntary bodies, including referring 24 cases to CBI and seven to different state police for investigation in the past three years. Besides, 70 NGOs have been prohibited...
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Chhattisgarh Vs Jayaswal throws light on murky mine sector-Ruchira Singh
The Chhattisgarh government has filed a writ petition in the Delhi high court against the Central government over Jayaswal Neco Ltd’s applications for mining leases in a case that throws light on the murky world of mining in India. The state alleges that the mid-sized steel-maker forged documents in its application to get iron ore mining leases in Rowghat in Bastar district and that the Union government directed it to consider...
More »Vodafone-like transactions should yield tax and the law must make that clear
-The Economic Times The Budget's retrospective clarification of what is meant by transfer of assets in India entailing a capital gains tax payment is controversial but necessary and unavoidable. The Supreme Court ruled in favour of Vodafone and against the government in the company's disputation of a capital gains tax claim in its acquisition of Hutch-Essar. This is on ground that might be legally firm but is quicksand for logic. The Court...
More »5.3 % share for children in Budget-Aarti Dhar
As much as 5.3 per cent of the Union Budget for 2012-13 is Budget for Children (BfC) with an increase of 0.3 per cent since 2011-12. This must be set against the inflation rate of 6.6 per cent. The increase can be attributed to the increased allocation in the development sector by 66.2 per cent and health by 29.7 per cent. However, as always, the share of the protection sector remains...
More »Nestle India hauled up for flouting advertisement norms
-The Times of India A Delhi court has charged Nestle India for violating the law in advertisements and labelling of its infant food products. The order, which was in response to a 17-year-old complaint, said that Nestle India had violated the Infant Milk Substitutes Feeding Bottles, and Infant Foods (Regulation of Production, Supply and Distribution) Act. Reacting to the order, the complainant Dr Arun Gupta, representing the Association for Consumers Action on Safety...
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