-Outlook Corporate karza maafi reaches new heights, social spending new lows This year's budget write-off in customs duty on gold, diamonds and jewellery (all aam aadmi items, of course) is Rs 75,592 crore. That's well over twice the "record" amount allocated to the Mahatma Gandhi National Rural Employment Guarantee Scheme. As Prof Jayati Ghosh points out, the MNREGA has given billions of person-days of work to tens of millions of poor...
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Union Cabinet clears new bill on black money -Siddharth
-The Times of India NEW DELHI: The Cabinet on Tuesday cleared introduction of the black money bill later this week, including a provision to allow the government to launch a one-time compliance scheme for those with black money abroad to come clean before the new law kicks in. The details of the compliance scheme, including the penalty, are expected to be announced as part of the rules. The offer for full disclosure...
More »CIC unable to make political parties comply with RTI -Rukmini S
-The Hindu Accepting that political parties were in violation of its order, the Central Information Commission however said it was unable to impose any action against them, a move that the petitioners called "an abdication of its responsibilities." Faced with the only such case of non-compliance in the RTI's history, the CIC, in an order posted on Monday night, said that further action could be taken by the Union Government...
More »‘Plan mindset must be replaced with development idea’
-The Hindu Business Line Chennai: The Fourteenth Finance Commission has formulated its recommendations without any reference to the distinction between Plan and non-Plan outlays. This will facilitate greater attention to maintenance expenditure, and reduce incentives to boost capital works and show large-sized plans, said YV Reddy, Chairman of the Commission and former Governor of the RBI. Delivering the Raja J Chelliah Memorial Lecture at the Madras School of Economics on Monday, Reddy...
More »Don't insist on Aadhar, warns SC -Krishnadas Rajagopal
-The Hindu "No person should be denied any benefits or "suffer" for not having the Aadhaar cards issued by Unique Identification Authority of India." Clearing all doubts about the validity of Aadhaar card to avail of government subsidies, the Supreme Court on Monday confirmed that the Aadhar card is not compulsory, and further, officials who insist on them will be taken to task. A fuming Supreme Court issued a stern warning to the...
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