Experts agree that the economic and environmental costs of interlinking India's rivers far outweigh its projected benefits. Some people believe it is the one-stop solution to prevent floods and droughts, reduce water scarcity, raise irrigation potential and increase foodgrain production in the country. But others say it is just another grandiose scheme involving huge costs and leading to long-term ecological consequences. The contentious idea of interlinking India's rivers has come...
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Cloud over Microsoft, Infosys, Wipro campuses in Andhra Pradesh
-The Times of India In a decision that jeopardizes land allocated to corporates and institutions such as Microsoft, Wipro, Infosys, Emaar, Indian School of Business and Lanco, the Andhra Pradesh high court on Tuesday refused to entertain petitions that challenged the power of the Andhra state wakf board to notify 1,650 acres of in Manikonda village of Ranga Reddy district as wakf land. The court asked the companies to approach the tribunal...
More »Free medicines as a mission
-The Hindu The Centre's move to introduce an experimental universal health package in at least one district per State under the National Rural Health Mission, with access to free generic drugs, is a welcome measure. But the larger mission to provide free essential medicines to all citizens need not await the results of such pilot studies. It should be rolled out for poor and non-poor alike quickly. There is no time...
More »World Bank chief backs India's tax proposals
-The Hindu “Heart of policy is that government believes people should pay tax somewhere” Even as Finance Minister Pranab Mukherjee faces flak from corporates at home and abroad on his budget proposal to tax Vodafone-type deals through retrospective amendment, World Bank president Robert Zoellick sought to side with the government saying India wanted the company to pay tax at some place. He also reasoned that investors must give some time to the government...
More »CAG slams Modi regime for financial irregularities by Manas Dasgupta
The Comptroller and Auditor-General has slammed the Narendra Modi government for financial irregularities, particularly for mismanagement of public sector undertakings, resulting in losses of over Rs. 16,000 crore. It has come down heavily on the state-owned Gujarat State Petroleum Corporation (GSPC) for extending “undue benefits” to the Chief Minister's “favoured few,” mainly Adani Energy and Essar Steel companies, which coupled with its poor management and faulty agreements on exploration of oil...
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