-ENS Economic Bureau Estimates on black money stashed away by Indians is still very much a grey area. So when the CBI Director emphatically declared on Monday that $500 billion of illegal money belonging to Indians was deposited in tax havens abroad, the figure caused more than a mild flutter. Mainly because the information currently available on the black money economy is way too disparate and vague. Considering the available evidence, the...
More »SEARCH RESULT
No real lessons learnt by Wilima Wadhwa
The Right of Children to Free and Compulsory Education Act (RTE), in effect since April 2010, was a much debated piece of legislation, which, not surprisingly, came under attack from various quarters. Proponents of ‘low-cost’ private schools felt that it imposed an unnecessary burden in terms of infrastructural norms on schools. Since 2010, Assessment Survey Evaluation Research (Aser) has reported compliance on many RTE norms, such as those related to school...
More »CBI seeks transfer of RTI case to apex court
-The Times of India Petitions seeking the inclusion of Central Bureau of Investigation (CBI) and National Investigation Agency (NIA) under the Right to Information Act, have to be transferred to theSupreme Court to be heard along with other petitions raising similar demands, CBI told the high court on Wednesday. When the case came up for hearing before actingChief Justice Manjula Chellur and Justice PR Ramachandra Menon, CBI's counsel submitted to the court...
More »A crisis ignored by CP Chandrasekhar
The advance estimate of national income in 2011-12, released recently by the Central Statistical Organisation points to a decline in India’s GDP growth rate from 8.4 per cent last year to 6.9 per this year. The government, obsessed with growth rates, is deeply disappointed. Hence there is already talk of the need to respond and demands that the Reserve Bank of India should reduce interest rates are being heard. There...
More »MGNREGA creating dearth of farm labour
-The Business Standard Implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a flagship programme of the Central government to alleviate poverty, has resulted in an increase of up to 20 per cent in the cost of farm production in Karnataka. It has also created a shortage of labour in the agriculture sector in the state. According to a study conducted by the Bangalore-based Institute for Social and Economic Change...
More »