-The Economist Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction? INDIA has grappled with its public finances for long enough. When presenting its first budget after independence in 1947, the finance minister of the day insisted that the country was not living beyond its means. Yet every budget since has failed to produce a surplus. India borrows more heavily...
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'Amanat' case: 17-year-old to be tried for rape, murder in juvenile court-Surabhi Malik
-NDTV The 17-year-old who was arrested along with five adults after a student was fatally gang-raped on a Delhi bus will be investigated for charges of rape and murder, a juvenile court in Delhi has decided. Hearings will begin on March 6. The attack on 23-year-old Amanat (NOT her real name) united India in grief, shock and a campaign for tough new laws to punish crimes against women. Based on the evidence submitted...
More »Economy Survey sharpens debate over 'super-rich tax'
-The Times of India Amid the debate on a super-rich tax, the pre-Budget Economic Survey on Wednesday argued against raising tax rates significantly; instead, it said that the focus should be on people who have a taxable income but don't pay any income tax. "It is much better to achieve a higher tax-GDP ratio by broadening the base which is taxed rather than increasing marginal tax rates significantly — higher and higher...
More »Printers protest against Narendra Modi as chief guest, pull out from conference
-PTI A printers' conference, which will begin in New Delhi later this week, has got into a controversy with several participants pulling out to protest participation of Gujarat Chief Minister Narendra Modi as the Chief Guest. Scheduled to be held on March 2 in Delhi, the conference "Romancing Print 2013" is the third edition of an annual, professional conference of the printing industry. This year it has been organised by AIFMP (All...
More »No solace in this quantum of accountability-Samir Saran and Abhijit Iyer-Mitra
-The Hindu On February 11, the Supreme Court issued notice to the government, seeking its response on making intelligence agencies accountable to Parliament. This question is pertinent and in some ways captures the sentiments expressed by many and best vocalised by two leaders in recent times. Vice-President Hamid Ansari had said in his 2010 speech on this subject “....responsibility to the legislature, and eventually to the electorate, is an essential element...
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