“We live in a society governed by the rule of law; and we shall have to proceed as per law” I-T department recovered undisclosed income of Rs.25,000 crore in the last 24 months Amid the hue and cry on the “black money” circulating within the country and abroad, Finance Minister Pranab Mukherjee on Friday announced the setting up of a group to quantify the black money being generated. “As soon as the report...

Would you rather buy a necessity like kerosene or food grains at a subsidy or receive an equivalent amount of cash instead? Would you prefer that the government decides your consumption pattern rather than figuring out on your own how to spend your income? One of the “big ticket” reform items in the budget was the announcement that subsidies on kerosene, fertilizers and Liquefied Petroleum Gas and delivery through the Public...

The Union budget writes off Rs.240 crore in corporate income tax every single day on average — the same amount leaves India each day in illicit fund flows to foreign banks. In six years from 2005-06, the Government of India wrote off corporate income tax worth Rs.3,74,937 crore — more than twice the 2G fraud — in successive Union budgets. The figure has grown every single year for which data are...

A couple of years ago, Mahabubnagar district in India’s southeastern state of Andhra Pradesh had one of its driest years since 1929. The region recorded 90 percent less rainfall than the norm. But the mass exodus expected when droughts cause crops to fail didn’t happen. Men didn’t leave to work in cities. They stayed put. This was partly down to a network of 8,000 highly motivated women. The Adarsha Mahila...

This article documents and then examines the various benefits that, it is claimed, will flow from linking the Unique Identity number with the public distribution system and the National Rural Employment Guarantee Scheme. It filters the unfounded claims, which arise from a poor understanding of how the PDS and NREGS function, from the genuine ones. On the latter, there are several demanding conditions that need to be met in order...