NIIRA RADIA — owner of PR company Vaishnavi Communications, among others — is not merely a fixer in the old sense of the word. She is a thermometer reading for a very ill society. In April this year, a clutch of mysterious documents had made their way to several media houses. At face value the documents seemed a synopsis of phone conversations between Niira — a powerful lobbyist for Mukesh...

An all-party meeting in India has failed to break a parliamentary deadlock over opposition demands for an inquiry into an alleged telecoms scam. Parliament has been adjourned for two weeks because of the stand-off. Telecommunications minister A Raja quit last week, denying claims that he had undersold Mobile Phone licences by billions of dollars. The government has ruled out a joint inquiry, saying "impartial" agencies were already investigating. Correspondents say the widening scandal involving...

Given the mind-boggling figures thrown up by the CAG report on the 2G scam, the gains seem rather modest. But in the year gone by, former telecom minister A Raja's finances have shown a healthy growth with regard to both income and investments. His political career may be headed south, but Raja's finances are in the pink of health. Not only has his personal income increased from Rs 11.47 lakh to...

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...

India's Supreme Court has directed PM Manmohan Singh to explain his "alleged inaction" in failing to sanction the prosecution of a former minister. Telecommunications Minister A Raja has resigned over allegations he undersold Mobile Phone licences worth billions of dollars. He denies the claims. Opposition MP Subramanian Swamy says he wrote letters to Mr Singh in 2008 calling for Mr Raja's prosecution. He says Mr Singh took more than a year to reply,...