-The Times of India NEW DELHI: The Modi government said on Tuesday that it has accepted the recommendation of Finance Commission to raise the share of states in central taxes to 42 per cent from current 32 per cent. As per the increased devolution suggested in the report of the 14th Finance Commission, the states will get Rs 3.48 lakh crore in 2014-15 and Rs 5.26 lakh crore in 2015-16. "The higher tax...

Following the recommendations of the Shanta Kumar Committee report on restructuring of the Food Corporation of India (FCI), there are signs that the Central Government is in a hurry to replace the Public Distribution System (PDS) with cash transfers. The Government's intention has been revealed in two official letters (one dated 10 February 2015 and another dated 11 February 2015) that were sent from the Joint Secretary at Department of...

-The Hindu In the present state of the economy, when there is excess capacity in manufacturing, adequate stocks of foodgrain and the inflation rate is trending downwards, there is an opportune moment for a public investment-centred fiscal expansion Over the past eight months, the government has issued some strong statements on the economy and taken some bold steps aimed at transforming it. As it prepares to present its first real budget we...

-The Hindu Business Line Article 66A of the Information Technology Act has no place in a free and democratic society If everybody who ever offended anybody - intentionally or otherwise - is to be locked up, then half the country would be behind bars. It is astonishing, therefore, that provisions in the law which mandate precisely such an outcome for offending someone - without, moreover, even defining what exactly is meant by...

-The Hindustan Times Search engines such as Google India, Yahoo India and Microsoft were Wednesday restrained by the Supreme Court from flashing advertisements promoting sex determination of a foetus. A bench headed by justice Dipak Misra took strong exception that the three engines continued to carry advertisements on their web pages even though pre-natal sex determination is illegal in India. "If any advertisement existed on any search engine, these should be withdrawn forthwith,"...