-The Hindu OMCs will revise price every month until losses are wiped out The Centre is seized of some State governments’ directive to their transport undertakings (STU) to line up at retail outlets for refuelling following the removal of subsidy for bulk consumers of diesel, Petroleum Minister M. Veerappa Moily said on Friday. Talking to reporters here, Mr. Moily said he had heard that States such as Gujarat and Tamil Nadu had asked...

-DNA If an RTI reply is to be believed, then the Maharashtra Navnirman (MNS) is the only party in the state which is assessed and is filing income tax returns regularly with the income tax department. The reply also says that the party has been receiving donations above Rs20,000, but as parties are exempted from tax on income from donations under section 13A of the I-T Act, no tax is payable...

-The Guardian The global application of a fraudulent economic theory brought the west to its knees. Yet for those in power, it offers riches How they must bleed for us. In 2012, the world's 100 richest people became $241 billion richer. They are now worth $1.9 trillion: just a little less than the entire output of the United Kingdom. This is not the result of chance. The rise in the fortunes of the...

-Down to Earth Becomes 17th state in country to impose ban on them The Andhra Pradesh government on January 9 banned manufacture, storage, sale, transport and distribution of gutkha, paan masala and similar chewable products that contain tobacco and nicotine. The ban has come into force with immediate effect. With this, Andhra Pradesh becomes the 17th state in India to ban tobacco products (see box). Civil society organisations and anti-tobacco activists have long...

The total expenditure on central schemes for the poor and on the major subsidies exceeds the states' share of central taxes. These schemes are chronic bad performers due to a culture of immunity in public administration and weakened local governments. Arguing that the poor should be trusted to use these resources better than the state, a radical redirection with substantial direct transfers to individuals and complementary decentralisation to local governments...