Former Chief Justic of India KG Balakrishnan does a U-turn on disclosing his assets. Justic Balakrishnan has informed the Inecome Tax Department that he does not want to disclose his assets because it is not related to public welfare in any way. Under intense pressure, former CJI and the current NHRC chief had early this month agreed to publicise details of his assets. The ex-CJI has faced allegations that he has wealth that...
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Make Sure The Cure Isn’t Worse Than The Disease by Aruna Roy and Nikhil Dey
Itself the outcome of a bottom-up movement, the Jan Lokpal bill ironically proposes a centralised framework against graft. Without checks and balances. There was never any doubt that India needs a strong Lokpal Act. The protest has paved the way for its enactment. With the exultation over the anti-corruption campaign’s ‘victory’ quieting down, it’s time to take stock. Nuanced arguments—and indeed substance—have to recover lost ground to take the discourse...
More »Ex-CJI ready to reveal income, but not I-T details by T Ramavarman
Former Chief Justice of India and National Human Rights Commission ( NHRC) Chief Justice K G Balakrishnan has told the income tax authorities he is ready to reveal his total income, but details of his I-T returns cannot be disclosed. Justice Balakrishnan, facing a rough weather following allegations of his family members having amassed illegal wealth, made these statements in his affidavit filed before the additional commissioner of IT in Kochi. The...
More »Growth as tool to alleviate poverty
The Prime Minister's focus on double-digit growth is not due to any ‘growth mania'. It is for the benefit of the poor. At a recent function for police officers, the Prime Minister observed: “If we don't control Naxalism, we have to say goodbye to our country's ambition to sustain a growth rate of 10 to 11 per cent per annum.” Some commentators (like Prof Prabhat Patnaik of JNU) interpret this (in a...
More »Corporate socialism's 2G orgy by P Sainath
The Union budget writes off Rs.240 crore in corporate income tax every single day on average — the same amount leaves India each day in illicit fund flows to foreign banks. In six years from 2005-06, the Government of India wrote off corporate income tax worth Rs.3,74,937 crore — more than twice the 2G fraud — in successive Union budgets. The figure has grown every single year for which data are...
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