Denmark (Rank 1) Denmark along with two other countries have been ranked as the world's least corrupt countries. With a score of 9.3, Denmark has consistently topped the Transparency International's Corruption Perceptions Index. The country has a strong tradition of openness to global trade and investment, and transparent and efficient regulations are applied evenly in most cases. Denmark also boasts an efficient, independent judiciary that protects Property rights, and the level of corruption is...

Vedanta, Posco and Sindhudurg. The issue is the same — the need for a well-thought-out policy relating to extractive and resource-based industry. The government’s withdrawal of mining permission to Vedanta on the Niyamgiri hills in Orissa’s backward Kalahandi district; the divided verdict by the Gupta Committee on the Posco iron ore project; and the environment ministry’s concern on 49 mining licences issued by the Maharashtra government for bauxite and iron...

The Supreme Court has dismissed a public interest litigation petition seeking a direction to make ‘right to property' a fundamental right under the Constitution. Though the ‘right to property' was deleted by the 44 {+t} {+h} Constitution Amendment in 1978, it was challenged only in 2007 in the context of acquisition of large extents of land for Special Economic Zones, and the court issued notice to the Centre. It was contended in...

A patent is an artificial property right; it is created by the government, and would not exist if there were no government or if it did not grant patents. It is then for the government to decide whether to grant a patent or not. But a government would not normally make the decision arbitrarily; it would follow some rules. The rules universally followed are novelty, non-obviousness and commercial value. A...

UPA-II's ambitious programme to make the nation slum-free within five years is all set to take off as the housing and urban poverty alleviation ministry has finalised the scheme, and how now sent it to finance ministry for approval. Last year, the government had announced the launch of Rajiv Awas Yojana (RAY) aimed at making cities slum-free, addressing the problems of slum-dwellers and urban poor in a definitive and holistic manner....