House panel shies away from quantifying black money
Three agencies have come up with varying figures, ranging from 7-120% of GDP, it said
The Standing Committee on Finance has shied away from estimating the quantum of black money in and outside India, saying that different methods by various agencies are yielding vastly differing figures.
The Standing Committee relied on three institutes — the National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research — to come up with their estimates of unaccounted income in the country. The three estimates varied significantly, ranging from 7-120% of the GDP.
“It appears that the reliable estimation of unaccounted income and wealth inside and outside the country is a difficult task. This inference is validated by the widely varying estimates of the unaccounted income arrived at by these three institutes,” the report said. “The Chief Economic Adviser has opined that there is...
In last 5 years, Gujarat got over half the Central irrigation funds
-The Hindu Business Line
Gujarat has cornered the lion’s share of central funds allocated for irrigation schemes in the last five years, according to a formal reply in the Rajya Sabha on Friday.
The State got central assistance worth Rs.2,074 crore, or nearly 56 per cent of the total Rs.3,772 crore spent for Command Area Development and Water Management (CADWM) between 2014-15 and 2018-19, said Agriculture Minister Narendra Singh Tomar in reply to questions from Congress MPs Amee Yajnik and Husain Dalwai. Besides, Gujarat received another Rs.1,200 crore, which is nearly 12 per cent of the funds allotted for another scheme Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) during the same period. The Centre sanctioned a total of Rs.10,249 crore for the PMKSY scheme between 2014-15 and 2018-19. States which received more funds than Gujarat under the PMKSY scheme were Andhra Pradesh (Rs.1,674 crore), Karnataka (Rs.1,323 crore) and Maharashtra (Rs.1,313 crore).
According to the...
Bengal IT employees apply for trade union registration
* The Kolkata Forum for IT Employees said there has been a number of incidents of unfair labour practices in the past
* There are 1.8 lakh employees working in the IT industry in West Bengal
The Kolkata Forum for IT Employees on Saturday said it has applied to the West Bengal government for trade union registration in the Information Technology and ITes, Business Process Outsourcing and Knowledge Process Outsourcing industry in the state.
"We have applied for the registration last week and are hopeful to get it soon. We have seven office bearers including a President, General Secretary and Treasurer and others and 13 general members. About 180 members have already been registered with the forum and we approached 5,000 employees," Forum's President Santanu Bhattacharya said.
He said plan to register as a trade union in West Bengal has been "triggered and accelerated" by number of incidents of "unfair labour practices towards employees...
Amid growing crisis, Madhya Pradesh may become first state to introduce Right to Water Act -Ravish Kumar
Earlier this month, Chief Minister of the state Kamal Nath had asked the authorities to draft a legislation on Right to Water aiming at ensuring adequate water for every person in the urban areas.
* According to the Right to Water Act, 55 litres of water per person per day will be given for usage
* The Right to Water act will also have stringent provisions for preventing wastage of water
* Madhya Pradesh will be the first state in the country where Right to Water will be enacted
Bhopal: Madhya Pradesh is planning to implement the water rights law in the state very soon. According to the guidelines in the Right to Water Act, 55 litres of water per day for will be given for usage to each person.
The Right to Water act will also have stringent provisions for preventing wastage of water.
For the implementation of the act, a seminar is being organised...
19.8 tonnes mid-day meal rice seized from ISKCON premises
After repacking, the stock was supposed to be transported to Kakinada, say vigilance officials
VISAKHAPATNAM: Acting on reliable information about the alleged diversion of rice provided by the government for mid-day meal scheme, a team of officials from the vigilance and enforcement, and civil supplies departments conducted a surprise check on the ISKCON premises at Sagar Nagar in the city on Monday night and seized 396 bags of rice weighing around 19.8 tonnes.
The officials said that they found labourers loading rice bags to a lorry and by the time, they raided the premises, around 110 bags weighing around 5.5 tonnes had been loaded. Its estimated market value would be around ?5.94 lakh, the officials said.
“During the inquiry, the lorry owner Gavara Eswar Rao and his aide Kalasi V. Sanyasi Rao alias Sunny said that the mid-day meal rice was being packaged and the stock was supposed to be shifted to...