-The Hindu   Supersession only in exceptional circumstances, not for extraneous considerations The Supreme Court on Thursday decried the tendency of State governments superseding elected cooperative societies for political or extraneous reasons. "Supersession of an elected managing committee/board is an exception and [can] be resorted to only in exceptional circumstances," said a Bench of Justices K.S. Radhakrishnan and Dipak Misra. Sending a warning to the States, the Bench imposed Rs. 1 lakh in costs...

-Firstpost.com It is becoming increasingly difficult to retain respect for Nobel laureate Amartya Sen. He seems to surface in the media every time the UPA government is about to legislate its pet follies, providing intellectual succour to mindless spending and corruption wrapped up in the package of anti-poverty schemes. Yesterday, Sen bobbed up just when the UPA - under siege for every known scam in India - tried to start discussions on...

-The Hindu The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still possible for unscrupulous promoters to design and operate Ponzi schemes built around promises of extraordinary returns that are clearly unsustainable. Such schemes depend upon a steady stream of fresh deposits...

-The Times of India In a significant move towards transparency, the government on Tuesday said all public authorities should proactively disclose information related to public private partnerships (PPP) projects on their websites. Though the disclosure will be voluntary, this marks a shift from the Centre's stand for the last two years when it stonewalled Central Information Commission (CIC)'s recommendation seeking disclosure of PPP projects and will herald greater transparency. Guidelines issued by the...

-The Hindu   The government needs to open its eyes and realise that the technological utopia it envisions in the low-cost tablet is no cure for poor education, poverty or inequality The last few days have brought the Aakash tablet back into the media limelight. Last Friday, Human Resource Development (HRD) Minister M.M. Pallam Raju said that troubles with the manufacturer could doom the project. But the next day, former HRD Minister Kapil...