-The Economic Times blog Word has it that World Bank economists use “obviously fabricated” data from time to time. These are not Sitaram Yechury or Medha Patkar’s words, but those of Paul Romer, former chief economist of the World Bank, in a recent email exchange reported by Financial Times. Romer retracted them later, but this “may not end the controversy”, as The Economist mildly put it. This is not the first time...
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India 'illegally' importing genetically modified soya seeds, allege farmers and food activists -Jayashree Nandi
-The Times of India NEW DELHI: Farmer and food activists have alleged that genetically modified soya bean seeds are being imported "illegally" for cultivation, in violation of a directorate general of foreign trade (DGFT) notification of 2006 that prohibits the import of GMOs without approval from the genetic engineering appraisal committee (GEAC). Some activists have also found imported packaged foods containing GM ingredients being sold in departmental stores, one of which is...
More »Budget 2018 and Agriculture: MSP promise fails to cut ice with farmers -Parthasarathi Biswas
-The Indian Express For farmers like Bhawane, it’s not the promised MSPs, but the prices for the chana and tur/arhar (pigeon-pea) they would be selling in the next fortnight or so that’s the real concern. Latur: Dhananjay Bhawane has little hope of the standing chana (chickpea) crop on eight out of his 10-acre field fetching anywhere near the government’s minimum support price (MSP) of Rs 4,400 per quintal, when it is...
More »Consumables now costlier than stents in angioplasty -Rema Nagarajan
-The Times of India NEW DELHI: Even as stent prices have been capped, the cost of the three main consumables used in angioplasty have, in many cases, become even more expensive than stents as hospitals try to make up for the huge margins they lost on stents. The modus operandi is same as in the case of stents before the price cap. Though the consumables are bought at a third or less...
More »Employment-related payments get taxable -Lubna Kably
-The Times of India MUMBAI: The Income-tax Act is intricate — sometimes income received by an individual even if it relates to employment, does not fit within the technical definitions of 'salary' or 'profits received in lieu of salary'. Thus, very often, such income could not be taxed. Budget 2018-19 proposes to change this scenario. A wide range of income received — say non-compete payments (which sometimes did not fit the above...
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