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...

Opening the reply to the President's Motion of Thanks on behalf of the Left parties in the Rajya Sabha on Wednesday, Communist Party of India (Marxist) leader Sitaram Yechury, demanded the stopping of the “loot” of public money in the form of concessions to Corporates and high-end taxpayers. This relief, worth several lakhs of rupees, should be used to narrow the rich-poor divide, he added. Calling upon the government to shift policy...

Members of eight major central trade unions and independent workers'/employees' federations will march to Parliament on February 23 to protest against what they call the “indifferent and don't care attitude” of the Manmohan Singh government to the “steep rise in the prices of essential commodities, rampant violation in implementation of labour laws, plight of unorganised workers, and reckless contractorisation of employees.” The Indian National Trade Union Congress (INTUC), trade union wing...

Nandan Nilekani-led Technology Advisory Group for Unique Projects (TAGUP) on Friday submitted its report to finance minister Pranab Mukherjee suggesting systematic change in the way key projects are incubated and executed. The report has mooted the idea of a "mission leader" for every project and a dedicated mission execution team. "Strong support from the top leadership within government, dedicated team at the level of project implementation and ownership and commitment at various...

Attacking the United Progressive Alliance government and the Environment Ministry for granting clearance to the Posco project in Orissa, the Communist Party of India on Thursday said the imposition of 60 conditions, notwithstanding, neither the environment nor forest clearance for it was in accordance with law. “The government enacts laws and frames policies that it claims will benefit the people, and then goes on to tear them to shreds in order...