-The Times of India BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates. To make matters worse, depositors continue to be taxed on this nominal income. Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks...
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Make your stand clear over Singur land: Supreme Court to Tata Motors
-PTI The Supreme Court today asked Tata Motors to make its stand clear on its leasehold rights over the Singur land in the wake of changed scenario as the company had already moved its car plant out of West Bengal. "The land was acquired for establishing a car manufacturing plant at Singur. Now the purpose is no more there as you have already moved out. Now you cannot say that you still...
More »Govt report finds suburb where Ishrat lived 'insecure, discriminated against' -Zeeshan Shaikh
-The Indian Express Mumbai: Residents of Mumbra, a suburb northeast of Mumbai and known to many as the place where Ishrat Jahan lived, suffer from a feeling of insecurity and a perception of discrimination, according to a study commissioned by the Maharashtra government's minority development department. The preliminary findings of the 2011 study, conducted by Dr Ranu Jain of the Tata Institute of Social Sciences, were presented to the government Friday. The study,...
More »The employment story reflected in NSS data: Jobless growth reversed-Santosh Mehrotra
-The Economic Times The latest round of NSS - the 68th employment-unemployment round - brings good news for jobs. The data for 2011-12 shows that total employment in the economy has risen from 460.2 million in 2009-10 to 472.9 million in just two years. This is good news compared to the previous five-year period that saw an increase of only 2.5 million jobs over 2004-05 and 2009-10. Another piece of good news...
More »Food Security Bill a game-changer?-NC Saxena
-The Business Standard Food insecurity and hunger are rooted in bad policies, faulty design, poor governance and a lack of political will According to the latest Global Hunger Report, India continues to be in the category of those nations where hunger is "alarming". What is worse, despite high growth, the hunger index in India between 1996 and 2011 has gone up from 22.9 to 23.7. National Sample Survey Organisation data show that...
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