-The Times of India   As consumers open up to digital products, their personal data is being valued more and more as an asset. Facebook's looming $100 billion valuation is based on a presumption of having personal information on millions of users, which can be used to target advertising and content towards them. And Google is moving to collect similar information. Globally, the power of data aggregators is raising serious concerns around...

The Ahmedabad Metropolitan Magistrate on Tuesday declared that the Supreme Court-appointed Special Investigation Team had not found any evidence for prosecuting Gujarat Chief Minister Narendra Modi and top bureaucrats and police officers and recommended that the investigation in the 2002 Gulberg Society massacre case be closed. Though magistrate M.S. Bhatt did not pronounce the court's decision on the closure report, he ordered the SIT to give a copy of it, within...

-The Telegraph The Union urban development ministry has proposed three new taxes on private vehicle owners: on vehicle purchases, petrol and insurance. The aim is to fund public transport in cities and deter the use of private vehicles The Rs 40,000 crore that the ministry proposes to raise annually through the “green surcharge”, “green cess” and “urban transport tax” is to go to a national urban transport fund that will finance transport schemes. Urban...

-PTI A government sub-committee looking into probable sources of funds for urban transport projects in the 12th Plan has suggested the creation of a national fund, resource for which can be generated through taxes on vehicles and petrol consumption.  The recent report of the Sub-Committee on Financing Urban Infrastructure in the 12th Plan said investments to the tune of 87,000 crore were required in the Five Year Plan duration.  The huge investment needs...

-The Economic Times Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget.  Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over...