-The Indian Express The Income-Tax department is set to cancel the registration of yoga guru Baba Ramdev’s trust as a charitable organisation and withdraw all exemptions provided to it. This follows a final order passed on August 24 by the Income-Tax (exemption) unit in the case of his principal charitable organisation, the Patanjali Yogpeeth Trust, for the year 2009-10, after a scrutiny revealed that it was involved in a host of...

-Outlook Why free mobiles to BPL folks is a bad idea  “Here you don’t have money to provide them food, and you are thinking of giving them phones,” scoffs a minister in the UPA government, obviously off the record. His comment mirrors the general negative reaction to the ‘Har Haath Mein Phone’ scheme mooted by the Planning Commission, which aims to provide a free mobile phone to each below the poverty line...

-The Economic Times A change in the national accounts, slated to take place sometime in the next two years, will show that a resurgent farm sector is now the second biggest contributor to the economy, displacing manufacturing and financial services. The unexpected reversal is not just a statistical artefact. Instead it is an outcome of a change in the terms of trade, the price of agricultural produce compared to industrial output since...

-The Times of India The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) — the government's joint venture with the Hyderabad-based GMR Group — on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would...

-The Hindustan Times Indian taxpayers may have lost as much as Rs. 3.8 lakh crore in scams in the power, aviation and coal sectors over the past eight years, the country's state auditor said in reports tabled before Parliament. The Comptroller and Auditor General charged the government with allotting coalfields and land for power projects and Delhi’s airport to private firms at a fraction of the market price, bringing the corruption issue...