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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...

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Global warming may rob basmati of its fragrance by Parakram Rautela

An experiment by Indian agriculture scientists points to the enormous effect global warming could have on the fragrant basmati rice. Basmati, Sanskrit for the fragrant one, may lose not just its aroma, the famous long grains may get shorter, say scientists. H Pathak, principal investigator of Indian Agricultural Research Institute's Climate Change Challenge Programme, told TOI the Tarawari basmati grown in research fields in Delhi did not grow long enough and...

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Onion forces govt to rethink farm liberalisation by Prabha Jagannathan

The heat generated by the high food inflation may force the government to go slow, or even drop, some of its key proposals to open up the country's food and fertiliser sectors, experts say. Decontrolling sugar and urea and freeing up some farm exports are some of the proposals the government may not touch in the coming days, they say. The proposal on foreign direct investment in multi-brand retail may also...

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Expert wants cosmic rays' impact on global warming assessed by N Gopal Raj

Charged particles from beyond solar system possibly affect the pace, but the extent is not clear The role of the cosmic rays has been highlightedin a paper by the former ISRO Chairman, U.R. Rao Dr. Rao points to a nine per cent reduction in the intensity of cosmic rays during the past 150 years The impact of cosmic rays on global warming needs to be assessed. Are charged particles coming from beyond the...

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Dramatic greenhouse gas cuts are both achievable and affordable – UN

Dramatic cuts in industrial emissions of the global warming greenhouse gases that threaten to drastically change Earth’s climate are achievable in both developed and developing countries at acceptable cost with the right policies, the United Nations reported today. In a series of studies, the UN Industrial Development Organization (UNIDO), an agency mandated to promote sustainable industrial development in developing countries, highlighted the need to combine energy efficiency, renewable energy and the...

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