-The Times of India There was some grumbling when Indian taxpayers were told in 2004 that they would have to begin paying an education cess of 2%. But the move also inspired a lot of positivity, because of a widely-shared belief that upgrading education is the most effective thing our government can do to lift Indians into affluence. Although it took the Parliament another half decade to enact the Right to...
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Law mooted to curb misuse of SC/ST funds-Divya Trivedi
-The Hindu To bridge the gap in development between the Scheduled Castes and Scheduled Tribes and non-SCs and STs, a coalition of more than 150 organisations is demanding a national law to prevent, once and for all, the diversion, non-release, non-implementation and lapsing of the Special Component Plans for SCs/STs. In response to the coalition's longstanding demands, the National Advisory Council's guidance and the letter Sonia Gandhi wrote to the Prime Minister...
More »The Cost of Drugs: Beyond the Supreme Court Order -Sanjay Nagral
-Economic and Political Weekly While the Supreme Court decision in the recent Novartis case has cleared the way for production of generic drugs in India, doctors have to prescribe cheaper alternatives to costly brands if patients with limited means are to benefit. What is being hailed as a victory in the struggle for affordable medicines in the country will actually be one only when there is a pro-patient slant to the...
More »Independent judiciary and interest groups -Shruti Rajagopalan
-The Hindu Business Line After the 1980s, special interest groups have preferred to knock on the doors of the judiciary. In India today, matters of public interest seem to get their due only when the Supreme Court has added its two cents. Interest groups, representing both general and special interests, petition the judiciary actively. In an era where virtually all institutions in India have been vulnerable to political capture, the judiciary seems like...
More »Cobrapost sting: Staff at ICICI Bank, HDFC Bank and Axis Bank may have violated KYC norms, says RBI
-The Economic Times MUMBAI: The employees at ICICI Bank, HDFC Bank and Axis Bank may have violated know-your-customer norms and helped clients evade taxes, the Reserve Bank of India's investigation has found. "Banks opened current account based on power of attorney without KYC," ET Now reported citing people familiar with the report. "Banks gave cash advances for gold purchases", which is a violation of norms, it said. The central bank and the...
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