At a time when economic wisdom is seen as lying in allowing unrestrained play of economic power and cutting social sector spending, here is a report emphasising the economic sense in addressing hunger, especially child malnutrition. It also brings out the positive impact of employment guarantee scheme, which has been a thrust area of the UPA government but has seen a cut in allocation in Budget proposals for 2012-13. The report...
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Vodafone-like transactions should yield tax and the law must make that clear
-The Economic Times The Budget's retrospective clarification of what is meant by transfer of assets in India entailing a capital gains tax payment is controversial but necessary and unavoidable. The Supreme Court ruled in favour of Vodafone and against the government in the company's disputation of a capital gains tax claim in its acquisition of Hutch-Essar. This is on ground that might be legally firm but is quicksand for logic. The Court...
More »Tweak in policy to withdraw job scheme funds
-The Times of India The rural development department has finally made some changes to bail out the district administration in the last month of the current fiscal. The rural development department has asked the district administration to allow the BDOs and mukhiyas to withdraw fund for the purpose of implementing MGNREGA schemes and for wages of workers. Sources also said withdrawal ofMGNREGA fund has come to a total halt after the panchayat...
More »3 years of RTI in J&K-Dr Raja Muzaffar Bhat
Today is 20th March and it was this day in 2009 when the new form of Right to Information Act (RTI Act) was enacted in J&K by Omar Abdullah led Government soon after coming to power. Prior to 2009 we had an RTI law passed by PDP Congress coalition Government headed by Mufti Mohammad Syeed in 2004 (J&K RTI Act 2004). The 2004 version of RTI Act was much weaker...
More »5 crore people moved out of poverty: Government
-The Economic Times Data released by the Planning Commission on Monday showed that poverty had significantly declined between 2004-05 and 2009-10. The catch is that this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark that had triggered an outrage when the government submitted it to the Supreme Court. The new estimates are based on a poverty line that averages Rs 672.8 per month...
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