-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...

-The United Nations The implementation of social protection measures can play a key role in rescuing minors from occupational bondage, a new report by the United Nations International Labour Organization (ILO) has found. According to the World Report on Child Labour, varying types of social protection measures such as Cash transfer schemes, social health protection and providing income security in old age, can help reduce the number of children around the world...

-Outlook New Delhi: Around one lakh poor families have been given free LPG cylinders and gas stoves under an ambitious scheme launched by the Delhi Government to end use of kerosene which often does not reach the intended beneficiaries. "More than one lakh people have been provided LPG connection with cylinder and gas stoves so far under the Kerosene Free Delhi Scheme," Food and Supplies Minister Harun Yusuf told reporters. The scheme...

-The Business Standard A trail of unfulfilled promises follow her in rural and urban Bengal The furious letter-writing since 2010 about the chit fund industry in West Bengal suggests that everyone knew the industry was going to implode. Bengal has one of the highest rates in small savings, Trinamool Congress (TMC) leader Somen Mitra wrote to the prime minister in 2011. The state buys the highest number of new life insurance policies, and...

-The Hindu Business Line There can be no denying the need for a legal framework to ensure that the likes of Saradha do not take the entire financial system for a ride. But that said, there will always be greedy investors, willing to be taken in by the tall promises of unscrupulous operators. The latter's task is made easier by loopholes in the law. Hence, Ponzi operators used the legal loopholes...