The policy deep-freeze and land acquisition woes have resulted in over 500 projects, mostly power and steel, being shelved or put on hold during 2011-12, entailing a total investment of over Rs 5,00,000 crore. According to CMIE estimates, during the year Rs 1,70,000 crore worth of investment projects had been abandoned by project developers, and another Rs 3,30,000 crore worth were stalled on account of various procedural issues. The core sectors, led...
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HC scraps minority sub-quota in OBC, Centre to appeal
-Express News Service Hyderabad, New Delhi: The Andhra Pradesh High Court today quashed the 4.5 per cent sub-quota for minorities carved by the Centre out of the 27 per cent reservation for OBCs. A division bench comprising Chief Justice Madan Lokur and Justice P V Sanjay Kumar set aside the sub-quota while observing that the government’s decision was based on religious grounds and not any other consideration. The verdict may affect admissions that...
More »RTE Act can pave way for greater commercialisation, says expert
-The Hindu The organising secretary of the All-India Forum for Right to Education, D. Ramesh Patnaik, has expressed fears that the much-debated legislation that promises universal education might end up facilitating greater commercialisation of education. Speaking at a seminar here on Friday, organised by Karnataka Janashakti, he cited several provisions in the Right to Education (RTE) Act — such as paying for seats under quota in private schools rather than focusing on...
More »Most states now tax petrol consumption more than Centre-Ajay Modi
Most states now levy greater tax on petrol than the central government, without having to share the subsidy burden. After last week’s increase in prices, state sales tax/VAT on petrol is more than central excise in most cases. The central government levies a fixed excise duty of Rs 14.78 on every litre of petrol. But, states levy an ad valorem tax which, in absolute terms, increases with every price increase of...
More »In one year, number of girls cracking IIT-JEE doubles to 2,800-Hemali Chhapia & Yogita Rao
Each year boys max out seats at the Indian Institutes of Technology. But the count of girls who secured JEE ranks has doubled to 2,886 since the last edition of the exam. Yet, the tech schools will on another front continue to be an unequal world: students from the IIT-Bombay zone (home to Kota) dominate the list of selected candidates. But the southern zone has bagged the credit for having...
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