Technically, we know how to check the black economy but the problem is political. More studies or committees and treaties with foreign governments are only to stall action. Another Joint Parliamentary Committee has been announced. The government has been trying to create an impression of being proactive with regard to tackling the black economy. The President's address and the speech by Sonia Gandhi in January mentioned the need to curb it....
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Banks confident of meeting agriculture lending targets by Parnika Sokhi
Take a host of initiatives to ramp up presence in rural markets. With increased focus on directing funds towards agriculture, banks are confident of meeting their farm sector lending targets this financial year. “We had 60 rural branches last year and will take it to 125 by next month. This will give a major fillip to the agri lending business,” said S Chakrabarthy, deputy managing director, Axis Bank. According to the Trend and...
More »CBI questions Tata group officials, 5 others by Vinay Kumar
Continuing its grilling of corporate honchos, the Central Bureau of Investigation (CBI) on Thursday questioned at least seven of them in connection with its ongoing probe into the 2G spectrum scam. The CBI called R.K. Krishna Kumar, who heads the Tata Realty and Infrastructure Private Ltd., to its headquarters here and quizzed him for nearly six hours. Mr. Kumar is also a board member of Tata Sons. Tata Realty Managing Director Sanjay...
More »Contaminated IV drip kills 12 pregnant women in 10 days
Contaminated intravenous fluid has killed at least 12 pregnant women at Jodhpur's government-run Umaid Hospital in the last 10 days, according to hospital and police sources. Four more women were in a serious condition and had to be put on ventilators on Thursday. The hospital administration lodged a criminal case against the IV fluid manufacturer, Parental Surgical India Pvt Ltd (Indore), and the local distributor, Anshul Pharma, on Thursday as the...
More »Two Indias in the making: IPL India and BPL India, says Yechury
Opening the reply to the President's Motion of Thanks on behalf of the Left parties in the Rajya Sabha on Wednesday, Communist Party of India (Marxist) leader Sitaram Yechury, demanded the stopping of the “loot” of public money in the form of concessions to corporates and high-end taxpayers. This relief, worth several lakhs of rupees, should be used to narrow the rich-poor divide, he added. Calling upon the government to shift policy...
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