-Live Mint Income-tax department says firm had underpriced intragroup share transfer by Rs 15,000 cr and evaded taxes consequently The Indian arm of Royal Dutch Shell Plc , Shell India Pvt. Ltd, has been accused by the income-tax (I-T) authorities of underpricing an intragroup share transfer by ` 15,000 crore and consequently evading taxes, said a person familiar with the development. Following the notice, which is one of the biggest transfer pricing orders...
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Inequality rises in cities and dips in rural India, a plan panel study -Chetan Chauhan
-The Hindustan Times Inequality between the richest and the poorest has risen at a faster rate in cities as compared to rural India raising questions over the impact of UPA government's inclusive growth agenda. It was believed that benefits of liberalisation unveiled in 1992 were more for urban India because of increase in incomes for all classes as compared to rural India. The myth seems have been broken by a new Planning Commission...
More »Plan panel agrees to bolster spending on dalits, tribals -Subodh Ghildiyal
-The Times of India The Planning Commission has bowed to in-house protests that government was using shortcuts to meet the targeted budget expenditure for dalits and tribals, amending the 12th plan document to insert a pledge to reform the annual spend on these communities. The commission has said it will beef up Scheduled Castes Sub-Plan and Tribal Sub-Plan that mandate the government to spend exclusively on SCs and STs in proportion to...
More »Selja against including NREGA funds in Dalit plan-Abantika Ghosh
-The Indian Express Can wages paid to NREGA workers from scheduled castes be counted as money spent on SCs’ welfare? The Rural Development Ministry believes it can, but Social Justice and Empowerment Minister Kumari Selja doesn’t buy the argument. She has shot off a letter to the Planning Commission, questioning the rationale of including Rs 10,000 crore of NREGA funds in the SC sub-plan, under which a mandated 16.2% — the percentage...
More »Environment ministry eases clearance norms for highway projects -Dipak Kumar Dash
-The Times of India From now, highway development agencies won't have to apply separately for mining of soil/ earth for such works. As per new norms devised by the environment and forests ministry (MoEF), the highways ministry or any other agency such as NHAI can apply for clearance for getting soil/earth in one go when they apply for environment clearance. The "workable" decision was taken after highways ministry received support from law...
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