GoI to borrow 25 paise for every rupee in its kitty

NEW DELHI: For every rupee in government of India kitty, as much as one-fourth will come from market borrowing in 2014-15, lower than the current fiscal ending March 31. The GoI’s dependence on debt has come down from 27 paise in the previous Budget to 25 paise in the coming year, reflecting ease of pressure […]

Why Not Abolish Money! – (II)

BY JANET SURMAN Gross pay, to a certain extent, appeases workers because they perceive themselves to be earning more than they are, although they also generally believe they are being robbed on a regular basis, seeing a considerable amount clawed back from what they maintain they have rightfully earned. Some of what is transferred from […]

1938: Maqbool Bhat is Born

Muhammad Maqbool Bhat, who would later found the Jammu and Kashmir Liberation Front (JKLF), was born in Kupwara on February 18, 1938. Politically conscious even when still quite young, Maqbool had to migrate to Pakistan because of his stand on Kashmir. But he returned, and was arrested on charges of murder.  Put into prison under […]

Gems & Jewellery industry expresses ‘shock’ at Budget

MUMBAI: The All India Gems and Jewellery Trade Federation (GJF) today expressed disappointment and shock at the interim Budget presented by Finance Minister P Chidambaram, and requested the government to bring down the import duties on gold to curb smuggling. “The entire Gems & Jewellery industry is deeply disappointed and shocked… Government seems to be […]

Tuition Twists

That private coaching has become such a rage in Kashmir – a phenomenon unheard of in advanced societies- is a direct reflection of the state of academics in schools and colleges whose students feel compelled to take supplementary tuitions in order to make the grade in examinations. As a matter of fact, schools and colleges […]

Govt approves ‘One Rank, One Pension’ for defence forces

NEW DELHI: The long-standing demand of ex-servicemen for ‘one-rank, one-pension’ was accepted by the government Monday with Finance Minister P Chidambaram making an announcement in this regard in the interim budget. Presenting the interim budget, Chidambaram said the government would transfer Rs 500 crore to the defence pension account for implementing one rank, one pension […]