In a Bangladeshi folk story, a disabled grandfather is carried by his son in a basket, to be abandoned in the forest. On seeing this, the grandson calls out, 'Father, please be sure to bring back the basket. I will need it when you grow old'. Three thousand ageing men and women gathered in Delhi in the blazing midsummer heat to demand a universal pension for all aged people, not...
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Govt moots one-time tax amnesty to recover black Money stashed abroad
-The Times of India The government's white paper on black Money, tabled in Parliament on Monday, listed a one-time tax amnesty to recover funds stashed abroad and a gold deposit scheme for locals as possible ways to deal with the menace, while suggesting that individuals get the tax department's go-ahead for all property deals and face undue scrutiny on cash in their possession. It also called for setting up of independent regulators,...
More »Property deals, dubious donations under scanner
-The Hindustan Times From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black Money. The proposals are part of the white paper on black Money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. The white paper does not, however, disclose names...
More »Lokpal bill goes to a fresh panel
-The Telegraph The Lokpal bill faces further delay with the Rajya Sabha today referring it to a 15-member select committee by voice vote, but not before the Opposition accused the government of playing “games” and trying to bypass House business rules. The select committee, to be made up by members from various parties, is to hand in its report by the last week of the monsoon session. The BJP, CPM and the Bahujan...
More »The austerity of the affluent-P Sainath
A rural Indian spending Rs. 22.50 a day would not be considered poor by a Planning Commission whose Deputy Chairman's foreign trips between May and October last year cost a daily average of Rs. 2.02 lakh Pranab Mukherjee's stirring call for austerity tugs at the national tear ducts. Prime Minister Manmohan Singh has pleaded for it in the past and watched his flock embrace it creatively. With the Finance Ministry even...
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