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PAINLESS FISCAL SURGERY IN BUDGET

CHIDAMBARAM TO SPUR INVESTMENT
Nantoo Banerjee - 2013-02-15 10:58
A rejigging of the current three-tier income-tax apparatus, small tax concession for income up to Rs. 10 lakh, new tax slab for high-income group, selective tax on dividend income, introduction of inheritance tax, tax sop on savings, small changes in excise and customs levies, minor export concessions, further government stake sale in state undertakings (PSUs), simplification of rules for foreign direct investors (FDI), tightening of expenditure and strengthening of tax collection machinery are among the options Union Finance Minister Palaniappan Chidambaram may consider for his 2013-14 budget proposals.

WESTLAND'S BIG GAMEPLAN IN INDIA

DEFENCE FIRM SEEKS TO EMERGE AS INDIA’S BIGGEST SUPPLIERS
Nantoo Banerjee - 2013-02-14 16:56
Who got the lion’s share of the Rs. 350-crore AgustaWestland kickback against Italy’s Finmeccanica deal with the government of India to supply 12 special purpose helicopters to ferry a few of India’s VVIPs? The names of some of the suspected pawns are out. They include a former air chief marshal, Shashi Tyagi, and his cousins, Julie, Dosca and Sandeep. Normally, persons at such levels do not take or influence final import purchase decisions of this magnitude, involving Rs. 3,546 crore (US$ 650 million).

LOVE IN TIMES OF SMARTPHONES: NEW ECONOMICS OF VALENTINE’S DAY

Sugato Hazra - 2013-02-14 16:53
How is love faring in the time of Internet? And smartphones? Is it any different from the time when parents of the current Internet generation (‘iGen’?) had been courting? India then was technologically living in the times of Alexander Graham Bell. There used to be long queues for telephone lines. Even if one had a connection, reaching even the next-door neighbor used to be a problem, forget about long distance calls. The now forgotten postman used to be the link between two hearts. Can today’s generation even think of the tough time their parents had?

EARLY POLLS A DISTINCT POSSIBILITY NOW

CONGRESS DECISION AFTER BUDGET LIKELY
Kalyani Shankar - 2013-02-14 16:48
With the hanging of the Parliament attack mastermind Afzal Guru, the speculation is rife once again about the early Lok Sabha polls. Will they take place in 2013 or 2014 is the question that is doing the rounds in the political circles. The opposition holds that it was a political decision keeping in mind about the electoral gains.

India in touch with Maldives to bail out Nasheed

ASHOK B SHARMA - 2013-02-13 15:04
New Delhi: India, concerned over the developments in Maldives, has said that it is in touch with the relevant Maldivian authorities to resolve the situation.

NEW TWIST IN THE SURYANELLI SEX SCANDAL CASE

CONGRESS DEFENDS THE INDEFENSIBLE
P. Sreekumaran - 2013-02-13 13:07
THIRUVANANTHAPURAM: The Suryanelli sex scandal case has undergone new twists with fresh revelations by the prime accused.

BLACK ECONOMY HINDERING REAL GROWTH

CENTRE MUST ACT TOUGH ON TAX EVADERS
Nantoo Banerjee - 2013-02-13 13:02
It is no use crying over the spilt milk. There is nothing to be surprised or even depressed about the 2012-13 GDP growth projection of only around 5 percent, the lowest in last 10 years. The writing was on the wall. That the stalled projects, the falling investment in the housing and infrastructure sector and the expanding parallel ‘black’ economy are bound to bring down the economic growth were not unknown to policy makers.

GLOBAL BATTLE OVER ARCTIC OCEAN RESOURCES HOTTING UP

INDIA-RUSSIA COLLABIRATION VITAL FOR EXPLORATION
Nitya Chakraborty - 2013-02-13 12:56
The race is on among the big global powers including USA, Russia, China and the European Union to take part in the massive efforts that are currently on to explore the vast untapped resources of the Arctic Ocean. The Arctic Council’s eight member nations are under tremendous pressure to give full observer status to China, Japan, European Union and India at its meeting in May this year when Canada assumes chairmanship of the Council.

Assam witnesses increased anti-national activities

Special Correspondent - 2013-02-13 12:54
NEW DELHI: Anti-national activities of the Maoists and separatists are on the rise in Assam. Many other groups are spreading communal activities and resorting to violence. Assam is undergoing the most difficult situation of loss to life and property.