It is almost two years since the German Government had passed on the names and bank account details of eighteen Indians who had stashed their alleged ill-gotten wealth in the LGT bank of Liechtenstein, a well-known tax haven nation, 190 km from Munich, Germany. Germany had officially handed over the list to the Indian Government on 18 March 2009. Prime Minister Manmohan Singh and Union Finance Minister Pranab Mukherjee have since...

To its credit, the ministry under Jairam Ramesh is no longer the money-making racket it once was. But its activism often resembles regulatory overreach The decision by the Union ministry of environment and forests (MoEF) to give a conditional green signal to the $12 billion Posco steel project in Orissa is exquisitely timed. It will hopefully send out a strong signal that India continues to be open for business and environmental...

Environment minister Jairam Ramesh has passed the Posco buck, nominally to the government of Orissa but, in reality, to the courts. His final clearance of the project depends on a categorical assertion by the government of Orissa that there are no 'other traditional forest dwellers' among those whose land would be diverted for the project. Three committees appointed by the Union environment and forests ministry, which do not see eye-to-eye...

NGOs To No Go’s     * NGOs have mushroomed; so have instances of misappropriation of funds     * Not disclosing expenditure and receipts; nor revealing who funds them     * Not setting up NGO for the task it was funded for     * Flocking to 'hot' topics, inviting accusations of singing to industrialists’ tunes     * For every NGO supporting a cause, another springs up against that cause *** NGO numbers     * 3.3 million Number of NGOs...

Billions of dollars are being made by investors in a speculative "food bubble" that's created record food prices, starving millions and destabilising countries, experts now conclude. Wall Street investment firms and banks, along with their kin in London and Europe, were responsible for the technology dot-com bubble, the stock market bubble, and the recent U.S. and UK housing bubbles. They extracted enormous profits and their bonuses before the inevitable collapse of...