Reforms in the supply-chain system can help India tackle the demand-supply mismatch in essential food items Food inflation may have dropped to single digit but since that fall is set against last year’s elevated double-digit base, it continues to hurt the poor — 65 per cent of their disposable income goes towards food. The government often defends its failure to tame inflation by arguing that it has no magic wand to...
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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...
More »SC rebuts activism charge
-The Telegraph The Supreme Court has criticised those who raise “the bogey of judicial activism or overreach” every time the courts try to enforce welfare laws. A two-judge bench said the courts do not exceed their jurisdiction by hearing public interest litigations filed by NGOs and social activists on behalf of the poor and illiterate. Rather, by doing so, the courts fulfil a mandate laid down in the Constitution’s chapter on...
More »Tussle over role in black money probe
-The Telegraph The finance and law ministries have locked horns over who will lead the battle against black money. A meeting of a finance ministry probe team under the chairman of the Central Board of Direct Taxes (CBDT) has been put off indefinitely following a Supreme Court order to set up a special investigative team (SIT), headed by former apex court judge B.P. Jeevan Reddy, to probe illicit funds. While the panel...
More »Provide safety gear to sewer workers who enter manholes, says court by J Venkatesan
The Supreme Court has underlined the need for giving proper equipment, adequate protection and safety gears to sewer workers who enter manholes for clearing blocks. Expressing anguish over the manner in which they were treated by the employers, a Bench of Justices G.S. Singhvi and A.K. Ganguly said: “Given the option, no one would like to enter the manhole of a sewerage system for cleaning purposes, but there are people who...
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