Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...

Few politicians can match Sharad Pawar when it comes to having one’s finger on the aam aadmi’s pulse, er pulses.At a time Indian Entrepreneurs are manufacturing Jaguars and Landrovers abroad, the Union agriculture and food minister wants them to cultivate daal overseas.That would not only help fulfil the growing domestic demand for lentils, Pawar declared today, but also curb the environment-unfriendly dependence on animal proteins.At the sixth Agriwatch Global Pulses...

Despite the fact that over 350 million rural people have escaped poverty over the past ten years, the bulk of the world’s poor are still found in rural areas, says a new United Nations report, which calls for greater investment in agriculture and efforts to boost livelihoods. The Rural Poverty Report 2011, released today by the UN International Fund for Agricultural Development (IFAD), found an overall decline of extreme poverty –...

James Cameron, director of sci-fi blockbuster Avatar, finds himself embroiled in the controversy surrounding Lavasa, India's first “private hill city” that has been in the news for alleged environmental law violations. Mr. Cameron, who is slated to speak at the big-ticket ‘Innovation and Knowledge' (INK) conference being held in association with Technology Entertainment and Design (TED) between December 9 and 12 at Lavasa, has been urged to boycott the event. In a...

Advocates of liberalisation argue that by reducing state intervention and increasing transparency economic reform reduces corruption. Recent allegations of corruption suggest that this may not be true. In a season for scandal, allegations of large scale corruption have captured political India's attention. The instances to which such allegations relate are many, varying from the sale of 2G spectrum and the mobilisation and/or disposal of land and mining resources to purchases made...