The Union budget writes off Rs.240 crore in corporate income tax every single day on average — the same amount leaves India each day in illicit fund flows to foreign banks. In six years from 2005-06, the Government of India wrote off corporate income tax worth Rs.3,74,937 crore — more than twice the 2G fraud — in successive Union budgets. The figure has grown every single year for which data are...
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Patients rally against trade pact with EU
Patients battling cancer, infections and mental illness joined a rally here today beseeching the government to reject a trade pact with the European Union that they fear will threaten the availability of inexpensive generic medicines in India. An estimated 2,000 people, many among them infected with HIV, walked along Delhi’s Parliament Street on a day when Indian and EU officials were negotiating a free trade agreement in Brussels. Health activists and lawyers...
More »Small enterprises ideal for producing quality seeds for farmers in poorer countries – UN
The United Nations Food and Agriculture Organization (FAO) said today that small seed enterprises are the best way of ensuring the availability and quality of non-hybrid seeds for food and animal feed crops in developing countries.In a newly-published policy guide, FAO cited World Bank data that showed that up to 50 per cent of crop yield increases come from improved seeds, while farmers’ access to quality seeds is a key...
More »“Encourage organised retail for agri-produce” by Neena Vyas
Ban futures trading in essential commodities, says Modi report As chairman of the working group on consumer affairs, Gujarat Chief Minister Narendra Modi has recommended that futures trading in essential commodities be banned and that organised retail in agri-produce be encouraged to make a dent in food inflation. The working group, comprising the Chief Ministers of Gujarat, Tamil Nadu, Maharashtra and Andhra Pradesh, was set up in April last. Mr. Modi...
More »Predatory EU pacts by Latha Jishnu
EU is pushing India and Canada to sign free trade agreements that will hurt their generic drugs—and the outrage is global After months of prevarication, the European Union has stated publicly that the free trade agreement (FTA) it signs with India will include provisions for data exclusivity because “it is extremely important for research and innovation’’. That’s what European Union ambassador Daniele Smadja told journalists in Delhi on January 21. Smadja’s...
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