Economics is the art of evaluating the cost of the opportunity foregone. This is a delicate skill, as are all things that dabble in what-might-have-been. It is never that difficult, therefore, to over- or underestimate the size of the opportunity cost. In the case of the report of the Comptroller and Auditor General on the awarding of 2G licences, the figures should certainly be open to debate. They certainly come...

In post-globalisation India, middle-class heroes are usually entrepreneurs who make a fast buck, stars that glitter brightly and talk glibly, cricketers who hit the ball hard. In an aspirational world of consumer goods, fine dining and malls, values such as service, integrity, simplicity are becoming rare. Perhaps that is why the story of Binayak Sen, the skilled doctor who turned his back on material success to work among the poor...

The Communist Party of India (Marxist) on Friday described as “highly unfortunate” the Supreme Court judgment upholding the Kerala High Court order banning public meetings and rallies on roadsides. The ruling, coupled with earlier restrictions on demonstrations and strikes, did not augur well for a democracy, the party's Polit Bureau said in a statement. It was a common practice for political parties and other public organisations to hold meetings on roadsides. Since...

‘Akshardham, CWG Village on Yamuna bank shouldn't have got nod' Neither the Commonwealth Games Village nor the Akshardham Temple should have been allowed to be built on the banks of the Yamuna, according to Environment Minister Jairam Ramesh. He proposes to issue a River Regulation Zone notification to protect riverbeds from such harmful constructions in the future. “The manner in which the Yamuna riverbed has been devastated by constructions should be a...

The headlines in the media, the constant talk of how deep corruption has sunk in our body politic and the nefarious role played by ill-gotten contributions to political parties is a spectre, haunting the public all the time. But why is the government still not persuaded to seriously consider enacting an effectively genuine Lokpal legislation to deal with this menace of corruption? If the draft of the Lokpal Bill 2010 is...