Foreign direct investment (FDI) rules in agriculture may be relaxed, albeit only in non-farm wasteland and degraded lands. The Union ministry of agriculture and the department of land resources under the ministry of rural development have given "in principle approval" to a proposal of the Department of Industrial Policy and Promotion (DIPP) to invite FDI for developing non-arable land through better technology into fertile and cultivable land. Currently FDI in agriculture is...
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Election wait for desi medicine panel by GS Mudur
The Centre appears set to renege on its commitment to the Supreme Court that it would organise elections to a council that regulates traditional medicine whose members have clung to their positions for years, defying rules. At least 40 of the 48 elected members to the Central Council of Indian Medicine (CCIM) have held their positions for more than the scheduled period of five years. Among them, 17 have been members...
More »No account auditing of Rs 1.08 lakh crore released under NREGA: Centre by Dhananjay Mahapatra
The Centre released Rs 1.08 lakh crore to states under the Mahatma Gandhi National Rural Employment Guarantee Scheme since February 2006 but did not carry out account auditing at any level, the government told the Supreme Court on Friday. This admission by the Union of India meant violation of the intent of Section 24 of the Act, which says, "The central government may, in consultation with the Comptroller and Auditor General...
More »Finance ministry rules out tax amnesty for black money
The finance ministry has ruled out a fresh tax amnesty scheme, saying that no such proposal was on the table. Ministry officials told Parliament's Standing Committee on Thursday that the issue of a new tax amnesty has not even been discussed, scotching the speculation suggesting that one was being mulled. The officials said that they did not know how this started. Members of the Standing Committee asked the government to use India's...
More »Honesty is indivisible by Arun Kumar
Illegality in India today touches almost every economic activity. It is both systemic and systematic. The Indian ruling class faced its severest crisis of credibility in 2010. Its past caught up with it and skeletons and scams were spilling out of its closets. The scams have a symbiotic relationship with the black economy. The number of scams is growing and so is the size of the black economy, which has reached...
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