Campaign Finance Reform: Money In or Money Out?

Finance Ministry pitches $4.2 for KG D6 block gas

population gives $2,500 or more to political candidates — and reduce the voice-share of We the People. But there is another way. Marge Baker at the People for the American Way notes, “After years of working with advocates across the country on this issue, I am convinced that the only way to completely reverse the damage done to our democracy by this reckless Court is through amending the Constitution.” Groups like Move to Amend, Public Citizen, People for the American Way, Free Speech for People and the Stamp Stampede have harnessed popular support to build the movement to amend the Constitution and stymie the nefarious influence of money in politics. Statewide campaigns, largely led by volunteer citizen groups, have won resolutions in sixteen states and over five hundred municipalities that call on Congress to pursue a constitutional amendment.

Avidbank Corporate Finance Provides Financing Facility to Passkey International, Inc.

Secretary of FinancePreston Doerflinger released figures Wednesday that show tax rebates and refunds for drilling totaled $173 million in the fiscal year that ended June 30, while state tax credits cost an additional $148 million. The huge drain on state coffers has prompted Doerflinger and other state leaders to call for revisiting the tax credits, especially those for horizontal drilling. The generous credits to the industry were delayed for two years during the economic downturn, but now have resumed, and the state also is paying back the credits that were accrued over the two years.

PALO ALTO, Calif.–( BUSINESS WIRE )– Avidbank Corporate Finance, a Division of Avidbank, has provided a financing facility to Passkey International, Inc. (“Passkey”) of Waltham, MA. Passkey is the travel industry’s most recognized group reservation and optimization technology provider. The Company’s core product, GroupMAX, is the only Software as a Service (“SaaS”) solution that is deployed to power reservations for all sizes of meetings across a wide range of event settings including Convention & Visitor Bureaus (CVBs), corporations, travel management companies, casinos, and both independent and brand hotels.

Finance Officials Say Tax Breaks For Oil, Gas Industry Cost State Millions

Citing the important recommendation of the Rangarajan Committee of moving to a revenue sharing agreement with gas producers the Finance Ministry asks the Petroleum Ministry to work in this direction. In addition, the ministry, with the approval of Finance Minister P. Chidambaram, has told the Petroleum Ministry that the ongoing issues with RIL which will benefit the most from the new $8.4 per mmbtu price over cost recovery and penalties for not meeting contracted output levels need to be taken to their logical conclusion. The government and RIL are locked in arbitration proceedings over the issue.


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