In the summer of 2009, farmer Ramesh Dhumale was excited when he got to plant about a kilo of seeds of what was pitched as the country’s first indigenously developed genetically modified (GM) cotton. At Rs 200 a kg, the seeds were far cheaper than the Rs 1,500-2,000 that the other GM cotton seeds cost. But the biggest plus was that the farmers could use and reuse the seeds from successive...

-The Financial Express   Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, tax evasion and instances of criminal financing in the country. A recent directive of the Central Board of Direct Taxes (CBDT) to the I-T Dept has asked its officials to launch a special drive against those who have "not furnished their PAN (Permanent Account Number)"...

Before filing papers, prospective candidates enter into a tacit deal with media, says EC   Even as it is tightening the noose around the media-candidates' nexus to thwart “paid news” instances through its district media committees and expenditure observers, the Election Commission has come to know about new strategies worked out by them to break the rules. “We have received reports that such ‘paid news' transactions had taken place in some instances in...

The Planning Commission and the finance ministry are at odds over the accounting of plan and non-plan schemes in the budget.  While the finance ministry is pushing for inclusion of more than 10 non-plan schemes in the planned budget for the next financial year, the Planning Commission is resisting the move as it would eat into the share of existing schemes. The commission's reluctance follows an expected cut or flat allocation...

For the Government of India the first phase of the national solar mission has been a grand success. It not only managed to attract industry to invest in the generation of an energy considered costly, but also dramatically drove down the cost of producing this energy. In its celebration, little did the government realise that a major conglomerate had subverted rules to acquire a stake in the solar mission much...