Around 100 cooperative sugar mills in Maharashtra have lost one round of a battle on income tax (I-T) arrears dating back to 1992-93, with an appellate authority rejecting their argument on dues. If the decision, by the commissioner of income tax (appeals), is not appealed again, the mills may have to pay Rs 2,500 crore in arrears. Vijaysinh Mohite-Patil, chairman of the Federation of Cooperative Sugar Factories in Maharashtra, told Business Standard:...

Says the bank has also stopped refinancing farm loans Says no NABARD official has visited his office in a year Criticises Milma for deposits in a private bank Cooperation Minister G. Sudhakaran said here on Monday that the National Bank for Agriculture and Rural Development (NABARD) had not been taking the initiative to hold discussions on implementing the Vaidyanathan committee report on cooperative sector reforms and had stopped refinancing farm loans in the...

More things change more they remain the same! UPA Chairperson Sonia Gandhi has given her full support; two Congress chief ministers have written to the Prime Minister; a High Court (A.P) has ruled that the current wage rate violated the Minimum Wages Act 1948 --- but the rural workers are still getting the same old rate.  When the MGNREGA workers lifted their 47-day dharna at Jaipur after the Centre and...

Delhi's private schools had complained that they were reeling under the burden of having to pay teachers higher salaries recommended by the 6th Pay Commission. A report by the Comptroller and Auditor General (CAG), however, said they used the Pay Commission as an alibi to fatten themselves. In a damning indictment, the auditor held that 25 elite private schools passed on the burden of implementing the recommendations of the 6th Pay...

Delay in payment of wages to beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee Act in Ranchi would be looked into."We have made a request to the Labour Commissioner to look into the delay in payments and register complaints so a fine could be imposed against those responsible in delaying payment," the Ranchi Deputy Commissioner, K K Soan, told newsmen here today.A social audit had found that banks and...