Lashing out at the United Progressive Alliance-II for following anti-people policies and not even sparing school-going children in the general budget by levying taxes on their textbooks and stationary, Communist Party of India (Marxist) leader Brinda Karat on Thursday urged the government not to blame the poor for the food inflation. “By attributing the rise in prices to increasing consumption by the poor, the government is putting the blame for food...

There was a lot of apprehension before budget day regarding what the Union finance minister will do to reduce the deficit. Will he roll back the tax concessions implemented a couple of years ago as part of a fiscal stimulus package? Will he announce populist social sector spending in view of the major state polls coming up this year? Will he be too timid and not take any bold steps...

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...

Union Home Secretary G.K. Pillai clarified on Friday that his ministry was awaiting the draft of the Communal Violence Bill from the Sonia Gandhi-led National Advisory Council (NAC). “There has been some delay but we hope to get it by the end of March, after which we will study it in the MHA, before it goes to cabinet,” he said. Mr Pillai was responding to a question, at an interaction at...

Although finance minister Pranab Mukherjee had promised food security and inclusive growth in his budget speech last year, hunger continues to stalk over 300 million citizens of the country. India slipped to 67th place in the Global Hunger Index 2010 rankings of 122 countries prepared by International Food Policy Research Institute. An Oxford University report said that 410 million Indians live in poverty. While there may be nit-picking over the...