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Budget 2013: CPI(M) Slams Tax 'Concessions' to the Rich

-Outlook The CPI(M) today castigated the government for foregoing over Rs 5.73 lakh crore as tax revenues by granting tax concessions to the rich, saying the amount was Rs 53,000 crore more than the fiscal deficit. "The budget proposals will further enrich the rich and impoverish the poor," senior CPI(M) leader Sitaram Yechury told reporters while reacting to the 2013-14 Budget. Quoting data presented in the budget, he said the aggregated revenue foregone...

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Hope trumps realism-Paranjoy Guha Thakurta

-The Asian Age Sonia Gandhi’s economic and political ideology may have apparently triumphed over that of Manmohan Singh. The neo-liberal finance minister Palaniappan Chidambaram may be conveying an impression that he’s turned socialist with a vengeance by increasing taxes on the rich in the run-up to the 16th general elections. But the truth is that Mr Chidambaram has made certain assumptions about subsidies, inflation and the expected growth of gross domestic product...

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Those who stand and wait-Sreelatha Menon

-The Business Standard For some people, travelling by train to their village 1,400 km away is a journey through hell. These are people who travel unreserved. Their suffering is all the more traumatic for being symbolic of the apathy of those who run the trains and the country. Saraswati Mondal, an illiterate domestic worker in Delhi, going to Murshidabad by Kalka Mail goes to New Delhi station, walks into a crowd of...

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From famines to Food Security -Zia Haq

-The Hindustan Times In 2009, when India faced its worst drought in three decades, the country managed to produce a million more tonne of foodgrains than it did in 2007, a normal year. That's both an achievement and a failure. It's not enough to grow more food - as India has been able to do - but to distribute it well, which the country hasn't accomplished. The UPA's flagship Food Security bill...

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A bigger helping for food Bill

-The Business Standard FM allocates Rs 10,000 cr to implement the programme; this is apart from the usual food subsidy requirement of Rs 80,000 cr for the year The most ambitious social security programme of the government, the National Food Security Bill, got a leg-up in the 2013-14 Budget, with Finance Minister P Chidambaram allocating Rs 10,000 crore for implementing it. This allocation is over and above the usual food subsidy requirement of...

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