When the revenue departments sleep over cases they had lost in the courts and do not appeal for long, it is difficult to tell whether it is just red tape or something else. Their lethargy causes losses to the government and gains to tax dodgers. The new chief justice of India (CJI) started his stint in the Supreme Court a few months ago with a strict code for the indolent babus....

As the common man continues to reel under the spiraling rise in prices of essential commodities especially key food items and vegetables the forever-rising food inflation is posing a serious challenge to policy makers. Though top government officials, including the Finance Minister and the Chairman of the Planning Commission have repeatedly assured that the food prices will soon stop rising, in reality it has gone the other way.   The rising spree...

“If countries impose export ban, import duty, there will be an inflationary trend” The outlook for global wheat production is still positive Restrictions can cause inflationary trend on food prices in 2011 and 2012 The drought in Russia and the floods in Pakistan that have affected wheat production will impact food prices as in 2007-08, says a senior official of the World Food Programme. WFP Deputy Executive Director Ramiro Lopes da Silva says: “The...

The state government has decided to ask private schools to furnish details of their accounts to stop them from indiscriminately hiking fees. Although all private schools will be required to reveal the data, the government’s focus is on English-medium institutions as they have been frequently accused of raising fees arbitrarily. The state education department will soon send a circular to nearly 500 private English-medium schools — both unaided and partially aided (those...

The Government on Thursday approved the Modified National Agricultural Insurance Scheme (MNAIS). Significantly, private sector insurers with adequate infrastructure and experience will also be allowed in the implementation of MNAIS. “With the introduction of the modified scheme, it is expected that an increased number of farmers will be able to manage risk in agriculture production in a better way and will succeed in stabilising farm income particularly at times of crop failure...