-The Hindu A strong whistle-blower protection law in India would expose financial corruption in a way that reinforces ethical business practices In 2013, generic pharmaceutical company Ranbaxy pleaded guilty to seven criminal felonies for drug manufacturing fraud and agreed to cough up an unprecedented $500 million in fines. The case against Ranbaxy was significant not only for being a successful prosecution of a powerful India corporation. It also marked the triumph of Dinesh...
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Bihar has little money to pay workers under MGNREGS -Alok Gupta
-Down to Earth Blames Centre for non-release of funds Bihar has very little money to pay people under the Central welfare scheme that guarantees 100 days of employment to the rural poor in a year. Central government's reluctance to release funds under its Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is said to be the main reason for the crisis. Nitish Mishra, Bihar's rural development minister, told Down To Earth that the...
More »Winnowing fact from rhetoric: A look at what figures tell of UPA's regime-Maitreesh Ghatak
-The Economic Times There is a narrative that the UPA's rule at the Centre led to an economic disaster, especially in the second term. In contrast, Gujarat has prospered, thanks to Narendra Modi's good governance. We have several problems with this. First, through UPA's first term and about halfway into its second, many economic indicators critics like to harp on were much better than those during the NDA days. This is true...
More »Muslim village decides to teach Congress a lesson -Sayli Udas Mankikar
-The Hindustan Times Sakhri Nate: In the 2009 Lok Sabha elections, the 5,000-odd voters of Sakhri Nate, a Muslim village, took their day off from fishing activities, sacrificing a day's earning, to vote for Congress candidate Nilesh Rane. Five years later, the story is different. They have dared Congress leader Narayan Rane and his son Nilesh to enter their village. On Thursday, the Ranes cancelled their scheduled meeting here when they learnt that...
More »The strange case for India's macroeconomic exceptionalism-Shankar Sharma & Devina Mehra
-The Business Standard The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...
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