-Frontline But in Modi's Gujarat the difference between development and darkness is all too visible to those who care to see. NARENDRA MODI may have won three consecutive elections and ruled Gujarat for more than a decade after he was posted there almost as a night watchman, to borrow a cricketing expression. He may have mobilised a massive fan following that is shouting to catapult him into the Prime Minister's post,...
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No wealth tax on farm land, says Chidambaram
-The Hindu Minister relaxed tax benefit-related residency norms for foreign investors Finance Minister P. Chidambaram on Tuesday allayed apprehensions over the imposition of wealth tax on agricultural land within urban area limits to provide a big relief to farmers, especially in Haryana and Punjab. Mr. Chidambaram relaxed the tax benefit-related residency norms for foreign investors routing funds through countries such as Mauritius and lowered the withholding tax rate to five per cent from...
More »Modi’s Pals-Himanshu Upadhaya
-Hard News While Narendra Modi's apologists will selectively quote from the latest CAG audit report on state finances that revenue earning has registered an upswing, they will compulsively forget that "the fiscal deficit of Rs 11,027 crore in 2011-12 was met out from a net borrowing of Rs 15,083 crore". The CAG has remarked that "an increase of 41 per cent in the market borrowing in 2011-12 over previous year for...
More »With police help, banned Naxal group takes on Maoists in Jharkhand -Deepu Sebastian Edmond
-The Indian Express As coming-of-age rituals go, the Tritiya Sammelan Prastuti Committee (TSPC) couldn't have planned it better. Acting on intelligence by its cadre, it moved in on a group of Maoists in Chatra district's Lawalong Tola on the intervening night of March 27-28, killing 10. Among the dead was Lalesh Yadav, secretary of the Bihar-Jharkhand-North Chhattisgarh Special Area Committee, and his closest subordinates, thus leaving a vacuum at the heart...
More »Government eases curbs on sugar sector- Ragini Verma
-Live Mint CCEA clears recommendations on sugar sector made by Rangarajan panel; subsidy burden to rise Pushing ahead with long-pending reforms of the sugar industry, the cabinet on Thursday approved the dismantling of rules requiring sugar mills to sell the sweetener at below-market prices through the public distribution system (PDS) and abolished curbs on open market sale. The cabinet committee on economic affairs cleared the recommendations made by a panel headed by C....
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