-The Telegraph Has rape become an inspiring act? Protest, debate, anger, mutual blame, marches, mob violence are spilling out of streets and screens, yet the rape count continues to rise relentlessly, almost as if the outrage over one incident is inciting the next one. Such a narrative is to an extent encouraged by the way incidents are reported in newspapers and television, but the facts are inescapable, and everybody, including the...
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Fixed deposits earning you negative returns-Mayur Shetty
-The Times of India BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates. To make matters worse, depositors continue to be taxed on this nominal income. Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks...
More »BPL rice bowls to overflow from July 10
-The Hindu Congress government's Re.1-a-kg Anna Bhagya scheme is being launched in all districts Bangalore: The Congress government is all set to roll out its most ambitious programme of providing 30 kg of rice a month to below poverty line (BPL) families at Re. 1 a kg from Wednesday. Chief Minister Siddaramaiah will launch the Anna Bhagya scheme at Freedom Park at 11 a.m., in the presence of Minister of State for Food...
More »After foodgrain, UPA plans to subsidise edible oil and pulses -Madhvi Sally
-The Economic Times NEW DELHI: After the ambitious food security law, the UPA government is preparing another populist scheme to expand the supply of subsidised edible oil and pulses through the countrywide network of ration shops in the next two to three months. "It will be the next major thing. We are working at the earliest. We propose that state governments purchase pulses and edible oil either through imports or locally. We...
More »Food Security Bill to partly hurt ongoing recovery; 1QFY14 earnings in focus
-The Economic Times MUMBAI: The Union Cabinet this week passed an ordinance to implement the National Food Security Bill (NFSB). The bill guarantees legal entitlement of food grains at a subsidised price to ~67 per cent of India's population. The ordinance will come into effect immediately once it is signed by the President. But it also needs to be approved by both the houses of Parliament in the monsoon session within six...
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