-The Times of India BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates. To make matters worse, depositors continue to be taxed on this nominal income. Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks...
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UP with 1,564 tops list of Uttarakhand missing, total may touch 4,500: Official -Sanjay Singh
-The Indian Express Dehradun: Uttar Pradesh with 1,564 people unaccounted for tops the list of the missing in Uttarakhand. It is followed by Rajasthan (820), Madhya Pradesh (504), Maharashtra (296) and Delhi (213). Sources in the Uttarakhand government said the official count of the missing could eventually total around 4,500. This would include 795 people from Uttarakhand. Until Monday, UP had sent three lists, identifying 1,564 people who have not returned home from...
More »Diabetes combo pills spark worry-GS Mudur
-The Telegraph The proliferation and sales of anti-diabetes combination pills that contain two drugs to control blood sugar has stirred concerns in medical circles that a large proportion of diabetes patients in India are not receiving ideal treatment. A study by Indian and British researchers has shown that such two-drug combo pills accounted for more than half of the sales of all oral anti-diabetes medications in India last year, although doctors say...
More »Food ordinance has controversial force majeure clause-Sanjeeb Mukherjee
-The Business Standard Clause empowers both Central and state govts from their obligation to provide subsidised food in the event of war, flood, drought, fire, cyclone or earthquake The government included much-debated 'force majeure' clause in the Food Security Ordinance, despite opposition from civil socieity and a Parliamentary standing committee. However, the clause can now only be invoked if the Central government in consultation with the Planning Commission decides as to whether such...
More »Short-circuiting debate
-The Business Standard Food security should not be treated as a political ploy The government's rush to push through food security legislation as an ordinance, instead of waiting the few weeks till the next Parliament session, is disturbing. There continue to be several major problems with the food security scheme that deserve to be more thoroughly discussed at the highest level of law making than they have been so far. Nobody can...
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