-The Economic Times Reserve Bank of India Governor D Subbarao has said the proposed elimination of fuel subsidy can lead to a massive 2.6% spike in inflation, an assessment that makes it even more difficult for the government to bite the bullet. While a hike in diesel and cooking gas prices may be long overdue, the government is hard-pressed to contain inflation ahead of crucial assembly polls in Gujarat and Himachal Pradesh...
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Fresh blows dent iron grip of Bellary’s brothers Reddy-Sreenivas Janyala
-The Indian Express The Reddy brothers’ iron grip on Bellary has come undone. Mining baron Gali Janardhana Reddy is already in jail. In the most severe blow to the family since his arrest, his younger brother Somasekhara Reddy has now been detained for questioning by Andhra Pradesh’s Anti-Corruption Bureau for allegedly bribing a CBI judge in Hyderabad to grant bail to Janardhana Reddy. Friday’s “catch” — it has not yet been declared...
More »Madhav Gadgil, ex member of NAC interviewed by Sreelatha Menon
-The Business Standard Madhav Gadgil headed the Western Ghats Ecology Expert Panel set up by the ministry of environment and forests in 2010. The report zoned 75 per cent of the Western Ghats into different grades of ecological sensitivity. The recommendation was to protect these zones with measures by phasing out mining and introducing organic farming and eco-friendly urbanisation. The report also proposed a development model executed in consultation with the...
More »A continuing scandal
-The Indian Express Government exercises discretionary powers in land allotment to benefit a favoured few The story of the 28 plots allotted in Uttar Pradesh in 2005 by the erstwhile Samajwadi Party government headed by Mulayam Singh Yadav appears to be another textbook case of how state governments use their discretionary powers in land allotment to give great deals on prime property to politicians and government officials, and their cronies and families....
More »World's super-rich hold $32 trillion in offshore tax havens
-Reuters Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday. The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as Real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion. The...
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