Popular Articles

National Tax Tribunal is a distant reality
In the words of our present Chief Justice of India,“….. the citizens’ faith in the judicial system will begin to wane because justice delayed is justice forgotten, excluded and finally discharged “ The quote certainly does not auger well if one were to look at pendency of tax cases in different layers of our judicial hierarchy – 28,000 cases in high courts with disposal rate of roughly 6000 each year. Ironically, the situation is worse in Mumbai, Delhi, Kolkata & Chennai where the wait time ranges between 10-15 years. Not to forget the figure of 2 lac crores often debated in the Parliament as arrears of tax in dispute. These could be more staggering in the future.

Obama Admin to consult India on its Burma policy
As the Obama Administration moves ahead with its new policy of engaging the Burmese military junta, a top US official today said it will actively consult India along with China on its new strategy.

News of the day

ArcelorMittal may slash 10,000 jobs in 2010: report
The world"s largest steel maker ArcelorMittal may cut 10,000 jobs globally next year and plans to reduce costs in order to regain its lost market share particularly in Europe, a media report says.
Small Business

Basu responding to treatment: Yechury

Ailing Jyoti Basu is responding to treatment and there is a positive change in his health condition, CPI(M) politburo member Sitaram Yechury said today. - Cabinet meet cancelled - Basu"s condition improves marginally, says aide - PM to meet ailing Basu - Basu"s son deplores rumours - Basu on ventilator, condition "very critical" - Basu"s condition turns serious "Basu"s condition, however, remains critical despite his response to the latest anti-biotics. But he is always a fighter and is still fighting. There is a positive change in his health condition. His condition is much better than what it was yesterday," Yechury told reporter after visiting Basu, who is on a ventilator at a private hospital here. He said the medical board was busy in a meeting to assess Basu"s health condition and how to proceed further.


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