The Finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had...
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Monetary steps also needed to tame inflation: PMEAC
The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent. "We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required," said Rangarajan, Chairman of the Prime Minister's Economic Advisory Council (PMEAC) and a former...
More »New miracle economies: Bihar, poor states by SA Aiyar
India achieved record annual GDP growth, averaging 8.45%, in the five years, 2004-05 to 2008-09. But was this inclusive, and did it benefit the poor masses? We have no data on poverty beyond 2004-05. But the CSO has current data on the economic growth of the states. Historically, the chronically poor states were Orissa plus the BIMARU quartet (Bihar, Madhya Pradesh, Rajasthan, Uttar Pradesh), of which three have been sub-divided....
More »Call for moratorium on GM food by Dennis Marcus Mathew
ALAPPUZHA: Noted scientist and founder of the Hyderabad-based Centre for Cellular and Molecular Biology, P.M. Bhargava, has called for a moratorium of at least eight years on genetically modified (GM) food products in India. Inaugurating a national seminar on Bt. Brinjal and Alternatives in Agriculture at the Mararikulam Brinjal Festival here on Saturday, Dr. Bhargava said the moratorium period should be used to set up an independent laboratory in the...
More »GoM to consider 2 bills on educational reforms by Aarti Dhar
The first meeting of the Group of Ministers (GoM) to consider two bills on educational reforms will be held on January 6. The GoM, chaired by Agriculture Minister Sharad Pawar, will consider the bills — one to provide for establishment of educational tribunals and another to provide for prohibition and punishment for adoption of unfair practices in technical educational institutions and universities. The Educational Tribunals Bill and the Prohibition of...
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