The new Land Acquisition Bill is unlikely to set a threshold for government intervention in land purchases, leaving it to the states to frame policies on this politically volatile subject. The Bill will, however, eliminate any scope for discrimination by specifying the same rate of compensation for all affected for land acquired by private developers or the state on their behalf. It will also put the onus of compensation on the...
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ICAI report on black money to be ready in Sept
-PTI The Institute of Chartered Accountants of India (ICAI) today said it would submit its report to the government in September, suggesting changes required in the key economic Acts such as Income Tax and FEMA to tackle the menace of black money and ways of retrieving it from tax havens abroad. ICAI had said earlier this month that the report was expected in August. A committee, headed by ICAI President G Ramaswamy, is...
More »Tardy progress by TK Rajalakshmi
The rates of maternal and infant mortality have improved only marginally, according to the latest Sample Registration System. THE country's largest demographic sample survey, covering 1.4 million households and a population of 7.01 million, during the period 2007-09, says that there was only a mild improvement in the infant mortality rate (IMR) and the maternal mortality ratio (MMR). The findings of the latest Sample Registration System (SRS), an exercise which...
More »‘We need a regulatory framework that does not become licence permit raj’ by Manmohan Singh
In the past 50 years or so, we have come face to face with unusual climatic occurrences, weather changes and environmental disasters. These are a corollary of the global pursuit of rapid growth, in particular rapid growth of industrialisation, and very often the mindless and predatory exploitation of natural resources. These have happened across the world, without distinguishing between rich and poor nations... In the increasingly integrated world that we live...
More »Food security law could push up world prices, widen subsidy bill by Surojit Gupta & Sidhartha
The proposed Food Security Act has the potential to stoke global food prices and significantly increase the country's food subsidy bill, officials and experts say. The government plans to introduce a legislation which aims to ensure food security for 75% of the rural households and 50% of the urban areas and includes both below poverty line and above poverty line families. Experts say that in case there is a drought in future...
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