-The Times of India The government on Thursday approved a steep hike on diesel price in a politically risky move to rein in the fiscal deficit. The cabinet committee on political affairs approved the hike in a meeting at the Prime Minister's residence. The price of diesel is hiked by Rs 5. However, the price of PDS kerosene and petrol were left unchanged. The panel also restricted the number of subsidized LPG...
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Is the Centre correctly assessing Maoist situation? -K Srinivas Reddy
-The Hindu PM’s statement that seven States are naxal-affected is at variance with Home Ministry’s figure How many States are affected by left-wing extremism? The answer could vary, if one is to go by official statements made at different times. Addressing the annual conference of the DGPs/IGPs in Delhi on Saturday, Prime Minister Manmohan Singh said seven States were affected. He spoke about the “ability of left-wing extremists in increasing their numbers and...
More »Defunct united command in naxal-hit States worries Centre -Sandeep Joshi
-The Hindu Home Ministry wants the Chief Ministers to head the mechanism Concerned at Maoists augmenting their strike capabilities and getting more organised, the Centre wants the Chief Ministers of the worst naxal-affected States of Chhattisgarh, Jharkhand and Orissa to head their unified commands to deal with the threat more effectively. “In the past two years, these unified commands have been virtually lying defunct. They were supposed to meet once every month, but...
More »The Parthasarathi Shome Committee Report-Prabhat Patnaik
-Macroscan.com In his speech introducing the 2012-13 budget, the then Finance Minister Pranab Mukherjee had declared his intention to introduce a General Anti-Avoidance Rule (GAAR) to counter ''aggressive tax avoidance schemes''. What GAAR means is that even if a transaction appears to be legally valid, if it is entered into for the sole purpose of tax avoidance, then the Indian tax authorities can deny tax benefit to the concerned entity. GAAR...
More »Disclosing - and concealing
-The Business Standard Make politicians' asset disclosures clearer, and follow up In an important move towards transparency, Prime Minister Manmohan Singh last year reminded his council of ministers to declare their assets, movable and immovable, and said that the declarations would be put up online. Declarations for 2012 are now online and these should be welcome. But they also reveal that many lacunae remain in terms of full and clear disclosure. The...
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