London: India has accused developed countries of going back on their commitment on the development content of the Doha round of World Trade Organization talks and putting new conditions on developing countries, leading to a deadlock in negotiations. “The current freeze we are witnessing is because the debate is being deflected from an unconditional delivery of the development dimension to conditionalities that expose what seem to be the real intention of some,” commerce minister Kamal Nath said in his address at Oxford University’s Said Business School.
Govt to introduce new I-T code in Parliament
New Delhi: India will introduce a new income-tax code in Parliament before the end of this year to simplify the process and increase collection. “Our income-tax code is too complex, thanks to numerous amendments made year after year,” finance minister P. Chidambaram told Parliament on Friday. “We are towards the last lap of drafting the code.” He said the new code will be introduced in Parliament by the end of this year.
New firm to advise businesses on CSR
New Delhi: Collage Sports Management has tied up with Article 13, a UK-based corporate social responsibility consultancy, to launch what it says will be the first firm in India focused on advising businesses on CSR, good governance and sustainability. Delhi-based Collage, which said it has represented cricketer Virender Sehwag, Olympic medallist Lt. Col. Rajyavardhan Rathore and shooter Jaspal Rana, will be responsible for the marketing efforts here while Article 13 will evaluate and analyse the plans of individual businesses, provide risk management and run CSR training classes. A push for corporate social responsibility has grown in recent years. More than half of the world’s 250 biggest companies issued reports on sustainable practices in 2005, according to a study by KPMG. Collage director Latika Khaneja said the new venture will target her existing corporate client base.