Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: VAT Audit :: ACCOUNTING STANDARD :: form 3cd :: empanelment :: due date for vat payment :: VAT RATES :: ACCOUNTING STANDARDS :: TDS :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company
« General »
 Tax and the dilemma of the self-employed
 Banks warn share tax hike threatens Paris' post-Brexit appeal
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA
 Impact of GST on Real Estate Sector

Will Pune be Indias next Bhopal?
May, 31st 2008

 The government of Maharashtra has now given a go-ahead to Dow Chemicals to build a $100 million Research and Development facility in Pune. There are reports that indicate an unusual hastening and extraordinary facilitation of normal procedures to give a green signal to the company which still owes reparations to thousands of Indian citizens for one of the worst chemical disaster tragedies in history.

It is hard, even for a moment, to believe, that Dow Chemicals is not getting special favors from Indian government. Despite recent exposes of a Dow subsidiary paying off government officials to get approvals on poisonous pesticides, and despite Dows tainted history with its Indian companies, the government hasnt come clean to people on if and why the approval process was subverted for Dows newest ventures in India. There is enough initial evidence suggestive of special favoritism that has led to Dows new plant in Pune:

1. The MIDC (Magharashtra Industrial Development Corporation) CEO approved Dows initial application in 48 hours.

2. The state pollution board approved Dows applications in a record time of a few months

3. The state allowed Dow to start construction on the site, way before environmental clearances came in.

4. The land in question is near Chakan, a town where the Maharashtras powerful NCP leader has been campaigning for an international airport for a few years. Needless to say, NCP is one of the parties sharing power in Maharashtra.

It has been reported that Dows plant in Pune is being set up to use hazardous chemicals. Seems we havent yet learnt any lessons from Bhopals terrible mishap 25 years ago. For the center and the state to pander to and serve a private corporations purpose and put the lives of millions of its citizens in danger with so much as a 48 hours of regulatory oversight, the whole episode has the stench of a Faustian pact of sorts. I am equally appalled by the docile ignorance of Punes sleepy young population who are so engulfed in making money, eating out, watching TV and disco dancing in the clubs, that they dont see the lurking danger in their backyard.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions