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Corporate karza maafi at Rs. 36.5 trillion -P Sainath

-PSainath.org The revenues foregone in 2013-14 could fund the rural jobs scheme for three decades or the PDS for four and a half years.  It was business as usual in 2013-14. Business with a capital B. This year's budget document says we gave away another Rs. 5.32 lakh crores to the corporate needy and the under-nourished rich in that year. Well, it says Rs. 5.72 lakh crores but I'm...

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Sow the wind, reap a storm-G Padmanaban

-The Hindu Those opposing GM crops ignore scientific evidence of their harmlessness and are depriving the nation of the wider benefits of agri-biotechnology It is unfortunate that the technical group appointed by the Supreme Court has chosen to stick with its recommendation for an indefinite moratorium on GM crop trials. There is fierce opposition from activists even to the introduction of the Biotechnology Regulatory Authority Bill (BRAI) in Parliament, meant to evolve...

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Six people who pulled strategic levers to open up political parties' finances -Soma Banerjee

-The Economic Times If India is now debating opening the books and operations of political parties to the public, it's because of these six people who pulled strategic levers and applied relentless pressure. Soma Banerjee traces a four-year effort that converted intent to action Balwant Singh Khera, a politician from Hoshiarpur in Punjab, is not a name that will strike a chord in mainstream politics or social discourse today. It might in...

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2G scam: JPC clears Manmohan Singh, Chidambaram; pins Rs 40,000 crore loss on NDA

-The Times of India Prime Minister Manmohan Singh has been given a clean chit by the Joint Parliamentary Committee on telecom which rubbished CAG's Rs 1.76 lakh crore loss calculations in the 2G scam but slammed the Vajpayee government for Rs 40,080 crore loss due to a policy shift in 1999. The committee - headed by Congress MP P C Chacko - in its draft report pinned the 2G blame on former...

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The feeding frenzy of kleptocracy-P Sainath

-The Hindu Since 2005-06, taxes and duties for the corporate world and the rich have been written off at the rate of Rs.7 million a minute on average. Duties waived on gold and diamonds in the last 36 months equal the 2G scam amount Forbes has just added an “errata” to Union Finance Minister P. Chidambaram’s budget speech. The Minister had found a mere 42,800 people in the country with a taxable...

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