-The Business Standard For some people, travelling by train to their village 1,400 km away is a journey through hell. These are people who travel unreserved. Their suffering is all the more traumatic for being symbolic of the apathy of those who run the trains and the country. Saraswati Mondal, an illiterate domestic worker in Delhi, going to Murshidabad by Kalka Mail goes to New Delhi station, walks into a crowd of...
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A walk on the wild side
-The Economist Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction? INDIA has grappled with its public finances for long enough. When presenting its first budget after independence in 1947, the finance minister of the day insisted that the country was not living beyond its means. Yet every budget since has failed to produce a surplus. India borrows more heavily...
More »Budget 2013: Super rich to pay more but no changes in income tax rates or slabs
-CNN-IBN Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs 2-5 lakh per year by announcing that they would be granted a tax credit of Rs 2000 and left most of the items untouched by not tinkering too much with...
More »Budget 2013-14: Rs. 1,000 crore each for women, youth funds
-The Hindu "To the women of India - we have a collective responsibility to ensure the dignity and safety of women. Recent incidents have cast a long dark shadow on our credentials. As more women enter public spaces...there are more reports of violence against them. We stand in solidarity with our girl children. We pledge to everything possible to keep them swcure. A number of measures are in the works...
More »Rail Budget 2013: Measures that will cheer middle class
-The Times of India Railway minister Pawan Kumar Bansal on Tuesday announced many initiatives in his Rail Budget 2013 speech that will bring cheer to middle-income passengers. From better e-ticketing facilities to free wi-fi on select trains, the Railway Budget will lead to implementation of many passenger friendly measures. Here is a look at some of them: 1) e-ticketing through mobile phones. Project of SMS alerts to passengers providing updates on reservation status. In...
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