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Lokpal Bill tabled in Parliament, Team Anna burns copies of draft

-The Times of India   Team Anna on Thursday began burning copies of the government's version of the Lokpal Bill that was tabled in Parliament today. Team Anna said the symbolic protest would continue till August 16 when Gandhian Anna Hazare will go on fast to protest the exclusion of several recommendations made by civil society members on the bill. The proposed legislation introduced in the Lok Sabha doesn't cover the Prime Minister...

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‘We’ll take the burden for employees for some time, but how long?’ by P Vaidyanathan Iyer

RV Gumaste, a member of Kirloskar’s project team that set up Bellary’s first iron-making unit in 1994, has never seen such times since he first moved base from Pune 17 years ago. “We will take the burden for our regular employees for some time. But how long?” says the industry veteran, who was appointed Managing Director of Kirloskar Ferrous Industries Ltd in July 2003. The Rs 1,100-crore company has 800...

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ICAI report on black money to be ready in Sept

-PTI   The Institute of Chartered Accountants of India (ICAI) today said it would submit its report to the government in September, suggesting changes required in the key economic Acts such as Income Tax and FEMA to tackle the menace of black money and ways of retrieving it from tax havens abroad. ICAI had said earlier this month that the report was expected in August. A committee, headed by ICAI President G Ramaswamy, is...

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Alarming illegal mining in Bellary, says SC panel

-PTI Ninety percent mining in Bellary district of Karnataka is illegal which has converted the area of green scenic into a war ravaged zone with huge ugly scars, says the Supreme Court-appointed committee. Placing its report before the apex court, the expert body said a majority of companies are involved in illegal mining and recommended the state governemnt be directed to cancel their lease. "It is estimated that the production of mines which...

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NAC, Govt differ over Food Bill by Sreelatha Menon

In the wake of Dreze quitting NAC, Mander vows to fight for changes. Differences between the National Advisory Council (NAC) and the government have come out in the open over the Food Security Bill, which was approved by a Group of Ministers this month. While Jean Dreze, who had earlier quit the working group on food security after recommendations by the members were diluted by the NAC itself, chose to quit the...

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