-The Hindu “Heart of policy is that government believes people should pay tax somewhere” Even as Finance Minister Pranab Mukherjee faces flak from corporates at home and abroad on his budget proposal to tax Vodafone-type deals through retrospective amendment, World Bank president Robert Zoellick sought to side with the government saying India wanted the company to pay tax at some place. He also reasoned that investors must give some time to the government...
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New panel for 'reliable' inflation, IIP data-Sidhartha
Under fire over data integrity issues, the government has tasked a panel to revise the wholesale price index (WPI) with the mandate to "enhance the reliability" of official statistics on all inflation measures. The 31-member panel, to be headed by Planning Commission member Saumitra Chaudhuri, has also been asked to explore the possibility of getting a single agency to collect data for compiling WPI and industrial production that are hitherto dealt...
More »Welcome folly: CAG's flawed 'coal scam' report serves a purpose
-The Economic Times With its draft report alleging a coal scam, duly leaked to the media, the Comptroller and Auditor General (CAG) is making a habit of choosing sensation over sense. Its allegation of loss to the exchequer in allocation of 2G spectrum colours the public discourse on the subject, but was discarded by the CBI court in the telecom case as the basis for a formal charge. Its assumption that the...
More »Where are farm hands when you need them? by Devinder Sharma
MGNREGA is certainly a good idea. But it can’t be allowed to play havoc with farming operations by weaning away labourers during peak season RURAL DEVELOPMENT Minister Jairam Ramesh recently rubbished the need for freezing the flagship rural job scheme MGNREGA during peak agricultural season. Dismissing the possibility, Ramesh had said: “The matter has been examined by the Mihir Shah Committee and rejected.” Knowing that Mihir Shah’s entry into Planning Commission...
More »Coalgate: CAG may stick to 'Rs 10.7 lakh crore' figure in final report; expected to soften tone
-The Economic Times The national auditor is expected to stick to its controversial estimate of Rs 10.7 lakh crore as gains accrued to companies due to allocation of coal blocks on government discretion instead of auctioning them, an official in the Comptroller and Auditor General's (CAG) office said. This is set to further embarrass the UPA government that has been mired in a series of controversies. "The report is not yet final,...
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