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Victims raise legal questions about retired pope

FILE - In this Tuesday, May 11, 2010 file photo, Pope Benedict XVI, center, is saluted by military guards upon his arrival at Portela Airport in Lisbon at the start of a four day visit to Portugal. Attorneys who have tried unsuccessfully for years to sue the Vatican over failures to stop clergy sex abuse are looking into whether former Pope Benedict XVI, who stepped down on Feb. 28, 2013, is more legally vulnerable in retirement, especially when he travels beyond the Vatican walls. (AP Photo/Gregorio Borgia)

FILE - In this Tuesday, May 11, 2010 file photo, Pope Benedict XVI, center, is saluted by military guards upon his arrival at Portela Airport in Lisbon at the start of a four day visit to Portugal. Attorneys who have tried unsuccessfully for years to sue the Vatican over failures to stop clergy sex abuse are looking into whether former Pope Benedict XVI, who stepped down on Feb. 28, 2013, is more legally vulnerable in retirement, especially when he travels beyond the Vatican walls. (AP Photo/Gregorio Borgia)

VATICAN CITY (AP) ? Attorneys who have tried unsuccessfully for years to sue the Vatican over failures to stop clergy sex abuse are looking into whether former Pope Benedict XVI is more legally vulnerable in retirement, especially if he travels beyond the Vatican walls.

A U.S. lawyer for the Vatican argues that, like any former head of state, Benedict retains legal immunity regardless of whether he is in or out of office. But advocates for victims say immunity in this case should be tested, since modern-day courts have never before dealt with an emeritus pope.

"So much of this is unprecedented," said Pamela Spees, an attorney with the Center for Constitutional Rights in New York, which is pressing the International Criminal Court to investigate the Vatican's response to abusive priests as a crime against humanity. "There's nothing set in stone about it."

Benedict stepped down last week, becoming the first pontiff in six centuries to do so. Before he became head of the Roman Catholic Church in 2005, he spent more than two decades in charge of the Congregation for the Doctrine of the Faith, the Vatican office that over the years gained authority to oversee abuse claims against clergy worldwide.

Still, his record on trying to end abuse stands above that of many other church officials.

Benedict spoke openly of ridding the church of "filth" and was the first pontiff to meet directly with victims, during a 2008 visit to the U.S.

He instructed the Rev. Marcial Maciel, founder of the conservative Legion of Christ religious order, who was favored by Pope John Paul II, to leave the ministry and lead a life of prayer and penance. Maciel had been accused for years of abusing young men.

Benedict also ordered bishops worldwide to craft guidelines on protecting children and keeping abusers out of the priesthood. Jeffrey Lena, a U.S. attorney for the Vatican, said that Benedict deserves "tremendous credit" for "recognizing the problem and helping to change the church's approach."

However, advocates for victims have criticized his reforms as half-steps.

As evidence, they point to the Maciel case. The pope never disclosed what the influential priest had done wrong. Only later was it confirmed that Maciel had molested seminarians and fathered at least three children. In Ireland, where church leaders had shielded guilty clerics from prosecution for decades, the Vatican during Benedict's pontificate refused or ignored repeated requests from state investigators for access to its case files.

Benedict's lengthy record dealing with the scandal before he was pope plays a part in the complaint against the church with the International Criminal Court. The court prosecutor, who can decide whether to open an inquiry, has not said whether he will act. Lena has called the effort, which was first filed in 2011, "ludicrous."

Spees said Benedict's resignation would play no role in the longshot case before the International Criminal Court. The world's only permanent war crimes tribunal, its prosecutor does not take into account traditional immunity claims.

However, she and others argue that at a minimum Benedict's resignation could help reduce resistance by prosecutors or other officials to take action against him.

Advocates point to how attitudes changed in the United States, where police and prosecutors once allowed local church officials to deal privately with priests' misconduct. After thousands of civil lawsuits revealed the scope of the abuse scandal, some American civil authorities began aggressively investigating whether Catholic leaders did enough to protect children.

And in staunchly Catholic Ireland, revelations by state investigators about abuse there led to an unprecedented dressing down of the Vatican in 2011 by Prime Minister Enda Kenny.

"They reframed the question," said Timothy Lytton, an Albany Law School professor and author of the book "Holding Bishops Accountable: How Lawsuits Helped the Catholic Church Confront Clergy Sex Abuse."

"Before 1984, nobody talked about it. Police wouldn't investigate it. Now, books are being written on the responsibility of the pope. All over Europe there are questions about the Vatican's role in all this and that is largely the results of lawsuits," he said.

Still, no lawsuit against the Vatican has come anywhere near a trial stage, and it's unclear whether Benedict will now be any easier to reach.

Of the thousands of abuse lawsuits filed against church officials, only a small number have named the Vatican as a defendant. They have come mostly from the United States, with a few from Ireland. In 2005, just months after the conclave that elected Benedict, a U.S. judge in Texas dismissed a lawsuit, ruling the pope had immunity as a head of state. The U.S. Justice Department had filed a motion arguing that allowing the suit to proceed would be "incompatible with the United States' foreign policy interests."

Many other lawsuits never got off the ground for a more mundane reason: No suit can proceed until the targeted person is officially notified.

Notes Lytton: "You can't hire a county sheriff to fly to Rome to knock on a door." Jeff Anderson, a Minnesota attorney who has represented thousands of clergy abuse victims over three decades, including in lawsuits against the Vatican, said in one case the Holy See returned the notification he sent stamped, "Do Not Want. Not Welcome."

Anderson says the lawsuits he has filed target the office of the papacy, not the man who served in it, so Benedict's resignation has no significance for any future U.S. civil suits.

Where the pope's novel status as a retiree could come into play, Anderson says, is if a government decides to take action against him.

Benedict has said he will retreat to a life of prayer in a monastery behind Vatican walls, leading victims groups to wonder whether preserving the former pope's legal immunity played a role in his choice of where to live out the rest of his days.

Lena insists immunity played no role in Benedict's decision. If the former pope does travel to another country, Lena said, he will be afforded the same dignities and protections given to any former high-ranking official. While the Vatican prepares the monastery for Benedict, he is staying in the town of Castel Gandolfo in the papal summer retreat which is technically part of the Holy See. The Vatican also has legal treaties that govern relations with Italy and many other countries and could provide additional protection from any legal action.

Still, some attorneys who fear Benedict will be targeted say they worry about the broad powers European magistrates hold to take legal action on behalf of their own citizens.

Nicholas Cafardi, a canon lawyer and professor at Duquesne Law School in Pittsburgh, who has worked with American bishops on abuse prevention, noted that in Europe, magistrates can, among other actions, arrest and detain officials before any trial. Next month, the Survivors Network of those Abused by Priests, which has been a leading critical voice against bishops in the United States, plans a conference in Dublin for victims of abuse worldwide.

"Americans don't appreciate the vast powers that investigating magistrates have in Europe," Cafardi said. "It only takes one who wants to make a name for him or herself to issue an arrest warrant for the former pope."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-03-05-Pope-Immunity/id-c95d1a803ee94d3fad6db51a19ff6c6e

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White House cancels tours, citing sequester

?

By Shawna Thomas and Kristen Welker, NBC News

The White House is canceling tours of the president's famous abode starting next week, saying the budget cuts that went into effect last week are to blame.?

A phone recording on the call line for White House visitors informs callers that White House tours will be canceled, starting this weekend.?

"Due to staffing reductions resulting from sequestration, we regret to inform you that White House tours will be canceled effective Saturday March 9th, 2013 until further notice," the recording says. "Unfortunately, we will not be able to reschedule affected tours. ?We very much regret having to take this action particularly during the popular spring touring season."?

The reason for the cancellations, an official with the Secret Service told NBC News, is?because?the Uniformed Division Officers normally tasked with securing the tours will be reassigned to other security posts at the White House. The move will reduce overtime costs and may reduce the number of furloughs the Secret Service could potentially face, according to the official.?

It is unclear how many Uniform Division Officers will be impacted by the sequester. The Office of Management and Budget calculated that the Secret Service may need to cut as much as $84 million from its budget due to the cuts.

Though the White House made the ultimate decision to suspend tours, their conclusion was based on staffing decisions the Secret Service?has been?forced to make, according to a White House official.

The move, which Republicans paint as a publicity stunt, prompted at least one proposed legislative fix from a GOP congressman Tuesday.?

In an amendment to a GOP stopgap budget bill headed to the floor later this week, Rep. Louis Gohmert, R-Texas, suggested that no funds from the bill be used "to transport the President to or from a golf course until public tours of the White House resume."

House Administration Committee Chair Candice Miller, R-Mich., said in a statement that the canceled tours are "wrong" and invited tourists to Washington D.C. to tour the Capitol instead.?

"I believe closing the doors of the White House to the American people is wrong," she wrote. "I want to let those Americans planning a trip to Washington, D.C. know that the Capitol will remain open and encourage those wishing to visit to contact their member of Congress or the Capitol Visitors Center to schedule a tour."

As required by law, President Barack Obama ordered the automatic cuts into effect last Friday night. The broad budget reductions came after Congress and the administration failed to reach an agreement to avert the sequester.?

NBC's Carrie Dann contributed?

This story was originally published on

Source: http://firstread.nbcnews.com/_news/2013/03/05/17197602-white-house-cancels-tours-citing-sequester?lite

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Work continues, future uncertain for sinkhole site

Demolition experts watch as the home of Jeff Bush is destroyed Monday, March 4, 2013, in Seffner, Fla. A sinkhole opened up underneath the house late Thursday, Feb. 28, 2013, evening swallowing Bush, 37. The 20-foot-wide opening of the sinkhole was almost covered by the house, and rescuers said there were no signs of life since the hole opened Thursday night. (AP Photo/Scott Iskowitz)

Demolition experts watch as the home of Jeff Bush is destroyed Monday, March 4, 2013, in Seffner, Fla. A sinkhole opened up underneath the house late Thursday, Feb. 28, 2013, evening swallowing Bush, 37. The 20-foot-wide opening of the sinkhole was almost covered by the house, and rescuers said there were no signs of life since the hole opened Thursday night. (AP Photo/Scott Iskowitz)

Demolition experts remove a piece of furniture from the home of Jeff Bush, 37, during demolition Monday, March 4, 2013 in Seffner, Fla. A sinkhole opened up underneath the house late Thursday, Feb. 28, 2013, swallowing Jeff Bush, 37. The 20-foot-wide opening of the sinkhole was almost covered by the house, and rescuers said there were no signs of life since the hole opened Thursday night. (AP Photo/Scott Iskowitz)

Jeremy Bush, right, gets a hug from a family friend while speaking to the media as demolition continues at the home of his brother, Jeff Bush, Monday, March 4, 2013 in Seffner, Fla. A sinkhole opened up underneath the house late Thursday, Feb. 28, 2013, swallowing Jeff Bush, 37. The 20-foot-wide opening of the sinkhole was almost covered by the house, and rescuers said there were no signs of life since the hole opened Thursday night. (AP Photo/Scott Iskowitz)

Jeremy Bush, right, prays as he speaks to the media as demolition continues at the home of his brother, Jeff Bush, Monday, March 4, 2013 in Seffner, Fla. A sinkhole opened up underneath the house late Thursday, Feb. 28, 2013, swallowing Jeff Bush, 37. The 20-foot-wide opening of the sinkhole was almost covered by the house, and rescuers said there were no signs of life since the hole opened Thursday night. (AP Photo/Scott Iskowitz)

Jeremy Bush, right, gets a hug from a family friend while speaking to the media as demolition continues at the home of his brother, Jeff Bush, Monday, March 4, 2013 in Seffner, Fla. A sinkhole opened up underneath the house late Thursday, Feb. 28, 2013, swallowing Jeff Bush, 37. The 20-foot-wide opening of the sinkhole was almost covered by the house, and rescuers said there were no signs of life since the hole opened Thursday night. (AP Photo/Scott Iskowitz)

(AP) ? A backhoe chipped away Monday at the remains of a house where a sinkhole opened up and swallowed a man, but there was little certainty as to what would come next for the site of the freak geological incident.

Though thousands of sinkholes erupt in Florida each year, most are small, few affect homes, and even fewer cause deaths. The sinkhole in the Tampa suburb of Seffner, however, was different.

Crews still were working to remove enough of the home to see more clearly inside the hole and determine what steps would come after the property is razed. There has been no definitive word as to whether the hole will be filled or whether the property could be built on again. But some experts say the fact that the sinkhole claimed a life ? that of Jeff Bush, 37 ? and that his body is expected to remain below the surface make rebuilding less likely.

"It's kind of a bad omen," said Dave Arnold, a hydrogeologist who has surveyed sinkholes for the Southwest Florida Water Management District. "This is an even worse omen with someone buried under there."

Arnold and other experts expect that once the house if destroyed, crews will work to fill in the hole and the lot will likely remain empty. Depending on the circumstances, past Florida sinkholes have been handled in varied ways.

In Maitland, Fla., a sinkhole 325 feet across was discovered in the 1960s as Interstate 4 was built. The highway was diverted around the area, but in 2008 workers began a $9 million project to fill and stabilize the sinkhole in preparation for a planned expansion of the roadway. Engineers say a road can be put over it now without any problems.

In Winter Park, Fla., a sinkhole in 1981 swallowed several sports cars, parts of two businesses, the deep end of an Olympic-size swimming pool and a three-bedroom house. It stretched about 350 feet across and caused $2 million in damages. The area became a temporary tourist attraction, but most of it was ultimately deserted, filled with water and became a lake.

And in 2002, a sinkhole about 150 feet across and 60 feet deep swallowed oak trees, sidewalk and park benches near an apartment complex in western Orange County, Fla. Two buildings with more than 100 residents were evacuated, but the structures were ultimately saved. Metal sheet piling was placed around the hole to stop the soil from sliding, and it was filled.

Often, homeowners find clues to a pending problem by cracks in the foundation or a shifting floor. When that happens, and a sinkhole threat has been established, crews can pump a thick grout ? a mixture of sand and cement ? into the ground to fill the holes. It is a costly process, though it is typically paid by insurance companies, and can save a home from being destroyed.

"You inject the grout under pressure and attempt to fill all the cavities you can find," said Anthony Randazzo, a former University of Florida geology professor who started the consulting firm Geohazards, which handles about 1,000 cases a year of sinkholes and other settlement issues.

Though the specifics of what will happen to the Seffner property remain unknown, Randazzo said the hole would have to be filled to keep people from falling in it and to remove a potential neighborhood eyesore.

If the family decides to try to sell the property, they would be required to notify prospective buyers of the sinkhole issue.

Currently, various county agencies are at the sinkhole site to supervise, but officials haven't given a tally of the costs or said who is absorbing them.

For now, the focus in Seffner remains on a family mourning a loved one and trying to move on. Two large backhoes scraped and pulled at the house Monday afternoon, with one gently removing possessions including a flag, a jacket, family photographs, a bicycle and a china cabinet. The other machine loaded shattered pieces of furniture and construction material into a huge waste container.

The day's most solemn moment came at 4 p.m., when demolition stopped and workers joined family members for a brief ceremony. The many flowers and notes that had been left in front of the house were loaded into a tractor's bucket, which swung slowly toward the sinkhole and dropped the materials into the hole. There was applause from across the street.

Though the house's demolition was completed Monday, crews had not yet finished removing its foundation. After that is done, likely Tuesday, they planned to survey the hole to better understand its dimensions. Hillsborough County spokesman Willie Puz said workers would then "stabilize the hole," though he remained mum on details of what precisely would be done.

"Every sinkhole is different," he said.

___

Sedensky reported from West Palm Beach. Follow him on Twitter at http://twitter.com/Sedensky

___

Associated Press writers Tamara Lush and Christine Armario contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-03-04-US-Sinkhole-Swallows-Man/id-f4103c3b24fd4b30998e8ae74e7552ab

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Bank card identifies cardholder

Mar. 6, 2013 ? From the gas station to the department store -- paying for something without cash is commonplace. Now such payments become more secure: The Fraunhofer Institute for Computer Graphics Research IGD engineered a solution for inspecting the handwritten signatures directly on the bank card. The biometric "on-card comparison" additionally makes payment transactions more convenient, and it works with any ordinary commercial credit card.

Who isn't familiar with this scenario? You are standing at the check-out counter, a long line waiting behind you, and all you have in your wallet is just a handful of old receipts -- and, thank goodness -- the bank cards! There' s just no question: when it comes to paying for something, credit cards and the EC bank card make life easier. Unless the cardholder completely forgets the PIN (personal identification number). It is obviously much easier for the consumer if a purchase transaction can be sealed with a signature. But it is just as easy for a practiced hand to forge a florid signature, right? Wrong, if the biometric parameters are measured.

The magic words which researchers at Fraunhofer IGD used to realize a bank card that can recognize a customer by his or her signature: "signature dynamics." Each person's signature is completely unique; in the process of signing, he or she leaves behind an extraordinary -- and therefore, extremely difficult to forge -- biometric trace: Based on the chronological progression of the pen's position, which is traced onto a graphic tablet or touchscreen while signing, the Fraunhofer system ascertains if the cardholder's signature is genuine. In terms of security technology, there is no comparison with the conventional procedure -- a purely subjective process in which the person behind the cash register verifies the signature.

Greater convenience and even more security

This process adds security and makes it twice as tough for any criminal. Even if the criminal gains possession of a card and uncovers its PIN code, biometrics places a whole new barrier in front of their activities. "The combination of knowledge, possession and biometrics is ideal, and guarantees a substantial additional benefit to the convenience and security for the cardholder," explains Alexander Nouak, head of competence center for identification and biometrics at Fraunhofer IGD.

"The comparison between the presented data and the biometric data stored in the card is done directly on the chip in the bankcard, which is protected according to established standards," explains Nouak. "So it is impossible for the biometric data to be stolen through an external device and be abused." One distinct advantage of the Fraunhofer solution: it meets all the conventional standards, so that it can be recorded onto any ordinary EC or bank credit card.

And this is how it looks in an everyday retail setting: The customer registers at his or her bank -- upon card issuance, for example -- by signing a touchpad. The biometric features of this signature are stored directly onto the chip in the card. When shopping, the cardholder runs the card through an ordinary merchant card reader. The reader is linked to a writing pad, on which the customer signs using an electronic pen. Once the biometric authenticity of the signature is confirmed, the transaction is authorised. Entering a PIN code is only required, as an added level of security, for those transactions that are high in amount.

The researchers at Fraunhofer IGD will introduce their prototype development at CeBIT 2013 in Hannover from 5 to 9 March.

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The above story is reprinted from materials provided by Fraunhofer-Gesellschaft.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


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Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/computers_math/information_technology/~3/SUrr-kRwEUc/130306083932.htm

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Silicon Valley is having an architectural breakthrough

For all the technological breakthroughs it has produced, Silicon Valley is an architectural wasteland.

Rather than complementing the lush rolling hills to the west and the expansive San Francisco Bay to the east, this high-tech hub has produced an unending line of dreary office parks full of two-story, cubicle-lined buildings whose main visual goal is to escape notice.

Yet amid this backdrop of bland, Silicon Valley is suddenly showing signs of architectural life. The latest evidence came last month when Nvidia Corp. of Santa Clara and then Google Inc. of Mountain View unveiled plans for elaborate new campuses.

Google's new complex, dubbed Bay View, would be a series of bent, rectangular buildings connected by bridges arranged around courtyards and topped with green roofs. Nvidia's campus would sport a space-age look with a pair of triangle-shaped buildings with geodesic roofs that mimic the miniature triangles used in computer graphic chips.

"The new Nvidia building will capture the ambition and imagination of our people," said Jen-Hsun Huang, co-founder and chief executive of the computer chip maker. "It will stand at the intersection of science and art, just as our work in visual computing does. It will be the symbol, the physical manifestation, of our vision for the company.... You'll see how it fuses together smart design, craftsmanship, and soul."

Art? Soul? In Silicon Valley?

Believe it. Google and Nvidia are just the latest distinctive office designs that have been announced for the region. The most buzzed-about has been Apple Inc.'s spaceship-like campus in Cupertino. In Menlo Park, Facebook Inc. hired architect Frank Gehry to design its expansion.

And Samsung Electronics Co., the South Korean giant, has unveiled plans for a new facility in San Jose that includes office floors alternating with open-air parks and smaller buildings draped in greenery.

"It would definitely be a signature building for San Jose," said Joseph Horwedel, the city's director of planning.

Throw in the new San Francisco 49ers football stadium under construction in Santa Clara and the valley's lone architectural wonder, the Stanford University campus in Palo Alto, and suddenly you have enough edificial eye candy to warrant a tour.

This game of one-upmanship is a long way from the stripped-down garages where tech companies such as Hewlett-Packard Co. and Apple got their start. That simple, no-frills aesthetic has guided Silicon Valley's approach to work spaces, fashion sense and other matters ever since.

The prevailing view has long been to let the East Coasters worry about power business suits and architectural monuments to their egos. Things around here move too fast and change too rapidly to worry about looks. Better to keep it simple and disposable so as not to get attached, whether it's hoodies worn by CEOs or generic office parks. And keeping things Spartan makes it easier to recycle a building, so when a Silicon Graphics or a Sun Microsystems dies, a Google or a Facebook can move in.

But of course, nothing is sacred here. And now that Silicon Valley is all grown up and its pockets are stuffed with cash, it's ready to disrupt its own design sensibilities, or lack of them.

John Barton, director of the architectural design program at Stanford, said that building a campus from scratch has been rare in a region where companies usually let developers build offices and then rent them. The time, expense and energy that goes into building a campus lets companies make a bold statement: Our technologies will endure, and we intend to be in Silicon Valley for generations to come.

In addition, the emphasis on external designs seems to be a sign of the lingering influence of the late Steve Jobs and Apple's success.

"These guys have discovered in the follow-up to all that Apple has done with product development that design matters," Barton said. "They realize they have to compete on the look and feel of their products. And that goes for their buildings as well."

Indeed, there seems to be a growing desire to stand out from the crowd of tech competitors for practical and strategic reasons. Free food, laundry and massages, and bring your dog to work: Anyone can offer those perks. Coming to work every day in a building that makes your jaw hit the floor? Well, only the truly elite employers can boast of that.

"Absolutely, that's one of the cornerstones of competing in Silicon Valley," said John Hankey, Nvidia's vice president of real estate. "We think this building is going to be a reflection of the amazing things we do."

Hankey said Nvidia began planning the new campus five years ago with conversations about how to create a different type of work space that would create an atmosphere that fosters new ideas.

The company wanted a building that put as many people as close together as possible, in ways they would constantly be circulating and having random interactions. Too many floors tend to kill that kind of vibe. So the building will have only two floors, each about 250,000 square feet and basically wide open allowing sweeping views across.

Source: http://feeds.latimes.com/~r/latimes/news/science/~3/2NMMmrLSAl0/la-fi-silicon-valley-renaissance-20130305,0,5268310.story

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FM asks difficult questions, India Inc keeps mum | Firstpost

The Finance Minister asked two rather difficult questions of captains of India Inc this afternoon: why are investments in industry drying up and why is there all round hesitation to declare actual income and therefore pay tax.

Mr Finance Minister, India Inc may be able to explain away the first question but it is unlikely that your second one will ever be answered truthfully.

PTI

Were you kidding us when you gave such an insignificant number of the super rich who pay taxes? PTI

It is a time tested practice in India to evade tax, else why would only 42,800 people from among 1.2 billion Indians confess to earning over Rs 1 crore in taxable income?

Were you kidding us when you gave such an insignificant number of the super rich who pay taxes?

P Chidambaram was at his candid best today when he said this number was given out deliberately to shock people during the Budget speech on Friday.

We are shocked sir. We remain in shock. You have stated something every Indian already knows: that our income tax compliance record is abysmal. Now, what are you doing about it?

Chidambaram has been trying to instil the fear of god, or more accurately the fear of the income tax inspector in the super rich, saying all high value transactions are being monitored. And today he let out yet another statistic: already 35,000 tax default notices have been sent out and another 35,000 notices are in the process of being sent out.? Only 70,000 defaulters? Are you kidding me?

He said during an interaction with industry chambers this afternoon that when he was a lawyer, he religiously declared his income and paid tax. Sir, how does this encourage anyone to follow your example?

Shouldn?t we be strengthening tax compliance laws instead?

On income tax refund arrears, he said in between April-February of the current fiscal, the tax department has given 69,000 refunds, against 84,000 given in the corresponding period last year.

But coming back to the FM?s first question of investments drying up, not one of the industry captains present today had an answer on why investments have dried up.

This, despite the Budget proposing a 15 percent investment allowance for companies investing Rs 100 crore in plant and machinery, over and above depreciation.

All Ficci president Naina Lal Kidwai came up with was a plea to reduce corporate tax rate which now stands at about 36 percent.

Chidambaram has taken up cudgels to bring back investment. He is planning extensive interactions with local industry representatives in the NCR region, Mumbai, Chennai, Bengaluru, Hyderabad and Kolkata shortly to figure out what is needed to spur investment.

Thereafter, he will begin wooing foreign investors during his visits to US, Canada and Japan between April and May this year.

All in all, the FM was quite candid in today?s interaction, rejecting several industry demands outright:

1) On SUVs: On hike in excise duty on Sports Utility Vehicles (SUVs) from 27 percent to 30 percent, he said the increase will not dampen demand and was levied because 98 percent SUVs run on diesel, a fuel the government subsidises. The 3 percentagepoint excise increase is the government?s way of recovering the diesel subsidy from SUV owners.

2) On fleet modernisation: Again, the FM brushed this aside. Why should the government incentivise someone who has already used his vehicle beyond depreciation, he wanted to know

3) on MAT: This debate was close some years back, he said brusquely and there was no case for reopening the debate at all.

4) Fear of tax men: There is no interface nor any plans for introducing an interface between IT officials and assessees. So there was no need to relook into the IT compliance norms

5) Royalty: Why should Indian companies not be taxed when they repatriate profits as royalty and not as dividends, he wanted to know. Anyway, the tax on royalty is within the DTAA norms.

Not only was the FM advising India Inc liberally, he also had a word of advice for RBI Governor Subbarao: reduce interest rates.

?I hope interest rate will come down, RBI Governor will have to take a call, we have done all we can on the fiscal side.?

Source: http://www.firstpost.com/business/fm-asks-difficult-questions-india-inc-keeps-mum-648031.html

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9 Vivacious Vines Made By You

Still photography will always be, but we can't ignore the rise of motion, from the omnipresent gif to the latest in embeddable video, Vine. So for this week's Shooting Challenge, you tried your hand at motion. Some results were amazing. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/ilJPXppXVd8/9-vivacious-vines-made-by-you

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