-PTI The protest-hit Kudankulam town, where two 1,000 MW nuclear reactors are at an advanced stage of commissioning, was on Thursday allocated Rs 150 crore for carrying out various development works. Finance Minister P Chidambaram made the allocation for 'Neighbourhood Development Project (in Kudankulam)' in the Union Budget. The amount has been set aside 'to provide relief and rehabilitation to project affected people of Kudankulam area in Tamil Nadu', the budget documents stated. The...
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From famines to food security -Zia Haq
-The Hindustan Times In 2009, when India faced its worst drought in three decades, the country managed to produce a million more tonne of foodgrains than it did in 2007, a normal year. That's both an achievement and a failure. It's not enough to grow more food - as India has been able to do - but to distribute it well, which the country hasn't accomplished. The UPA's flagship food security bill...
More »Economy Survey sharpens debate over 'super-rich tax'
-The Times of India Amid the debate on a super-rich tax, the pre-Budget Economic Survey on Wednesday argued against raising tax rates significantly; instead, it said that the focus should be on people who have a taxable income but don't pay any income tax. "It is much better to achieve a higher tax-GDP ratio by broadening the base which is taxed rather than increasing marginal tax rates significantly — higher and higher...
More »Budget 2013: Super rich to pay more but no changes in income tax rates or slabs
-CNN-IBN Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs 2-5 lakh per year by announcing that they would be granted a tax credit of Rs 2000 and left most of the items untouched by not tinkering too much with...
More »Budget 2013: Chidambaram focuses on women, youth, poor in budget
-IANS To woo "ambitious" women, "impatient" youth and the poor, the Congress-led UPA government Thursday promised them more schemes and programmes as they "represent the vast majority of the people of India". "...before I close this part of my speech, I wish to draw a picture of three faces that represent the vast majority of the people of India," Finance minister P Chidambaram said. "The first if the face of the woman. She...
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