Ratan Tata, chairman of the Tata group, plans to move the Supreme Court against publication of conversations he had with Niira Radia, the corporate lobbyist. The recent publication of transcripts of conversations intercepted by the security agencies between Radia and well-known businessmen like Tata, editors and politicians has blown the lid off tapping phones in India. Rediff.com's Vicky Nanjappa reveals how you can know if your phone is being tapped. Nearly 6,000 phones...
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India Microcredit Faces Collapse From Defaults by Lydia Polgreen and Vikas Bajaj
India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor. The crisis has been building for weeks, but has now reached a critical stage. Indian banks, which put up about 80 percent of the money that the companies...
More »A Deadly Misdiagnosis by Michael Specter
Every afternoon at about four, a slight woman named Runi slips out of the cramped, airless room that she shares with her husband and their sixteen children. She skirts the drainage ditch in front of the building, then walks toward the pile of hardened dung cakes that people in this slum on the edge of the northeastern Indian city of Patna use for fuel. Dressed in a bright-yellow sari shot...
More »UIAI to provide 60 crore UID cards in four years
Unique Identification Authority of India (UIAI) is targeting to provide 60 crore Unique Identificationcards during the next four years. Delivering Pradyumna Bal Memorial lecture here on Sunday evening, UIAI chairperson Nandan Nilekani said the authority issued first sets of UID cards number 20,000 to 42,000 since September this year. The project, however, was facing challenge of inclusion of deprived and effective implementation, Mr. Nilekani said. Large numbers of Indians do not...
More »Spirited fight by S Dorairaj
Striking workers at Foxconn India in Sriperumbudur near Chennai take on the corporate giant, demanding better wages. WORKERS at Foxconn-India in Sriperumbudur in Kancheepuram district, Tamil Nadu, have been on strike from September 24 demanding better wages. They also want the reinstatement of 24 suspended colleagues and the withdrawal of an eight-day wage cut slapped on some workers. That they have held out for so long is remarkable, not least...
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