-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...

-The Indian Express Mindful of the fiscal challenge the national Food Security law is likely to bring, the government proposes to give itself the option of raising the price of foodgrains three years after the law is rolled out. To ensure that the UPA’s showpiece welfare legislation is not grounded because of opposition from the states, the food ministry is set to drop the provision for setting up a National Food Commission...

-Outlook Ahead of the Lok Sabha elections due next year, the UPA government has finalised a draft Bill for providing homes to the homeless in rural areas. The draft of the National Right to Homestead Bill, 2013, prepared by the Rural Development ministry, is almost ready for inter-ministerial consultation, official sources said today According to the eleventh plan document, an estimated 13 to 18 million families in rural India are landless, of which...

-Live Mint India’s water security outlook has been labelled ‘hazardous’ in report published by Asian Development Bank India’s water security outlook for 2013 has been labelled “hazardous” in a report published by the Asian Development Bank (ADB) titled Asian Water Development Outlook 2013.   A hazardous outlook implies inadequate levels of public investment, regulations and enforcement related to water. India was given the lowest water security index rating of 1 (on a scale of...

-The Times of India Nine Maoists, including rocket launcher Sadula Ramakrishna, who were granted the status of 'political prisoners' by a lower court in Kolkata, may soon be stripped of their privileges as the West Bengal government is set to challenge the order in the Supreme Court. Last week, the apex court stayed a Calcutta High Court order giving political prisoner status to Maoist leader Telugu Dipak, People's Committee against Police Atrocities...