The policy deep-freeze and land acquisition woes have resulted in over 500 projects, mostly power and steel, being shelved or put on hold during 2011-12, entailing a total investment of over Rs 5,00,000 crore. According to CMIE estimates, during the year Rs 1,70,000 crore worth of investment projects had been abandoned by project developers, and another Rs 3,30,000 crore worth were stalled on account of various procedural issues. The core sectors, led...
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HC scraps minority sub-quota in OBC, Centre to appeal
-Express News Service Hyderabad, New Delhi: The Andhra Pradesh High Court today quashed the 4.5 per cent sub-quota for minorities carved by the Centre out of the 27 per cent reservation for OBCs. A division bench comprising Chief Justice Madan Lokur and Justice P V Sanjay Kumar set aside the sub-quota while observing that the government’s decision was based on religious grounds and not any other consideration. The verdict may affect admissions that...
More »Quality Constraints in Education Fallout of the Cartoon Controversy by Krishna Kumar
It needs pensive reflection to understand how an organisation whose name is perhaps the most widely recognised public sector brand across the length and breadth of India could become the target of so much instant anger and contempt in the highest legislative forum of the republic. Krishna Kumar (anhsirk.kumar@gmail.com) teaches education at Delhi University. The cyclone that hit Parliament on 11 and 14 May over the so-called cartoon controversy indicates, among other...
More »An RTI test looms for a regulator-Anuja & Remya Nair
Delhi high court to hear central bank challenge to CIC order seeking information on defaults by top industrialists The Reserve Bank of India (RBI) has challenged an order by the Central Information Commission (CIC) asking the central bank to disclose names of the top 100 industrialists who have defaulted on loan repayments. In a writ petition to the Delhi high court, which is scheduled to be heard on 29 May, the central...
More »Most states now tax petrol consumption more than Centre-Ajay Modi
Most states now levy greater tax on petrol than the central government, without having to share the subsidy burden. After last week’s increase in prices, state sales tax/VAT on petrol is more than central excise in most cases. The central government levies a fixed excise duty of Rs 14.78 on every litre of petrol. But, states levy an ad valorem tax which, in absolute terms, increases with every price increase of...
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