-The New York Times India's coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India's currency, the rupee, is falling; investment is down; inflation is rising; and deficits are eating away at government coffers. While short-term growth has slowed but not ground to a halt, India's problems have dampened hopes that it, along with China and other non-Western economies,...
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Target of intolerance -Venkitesh Ramakrishnan
Religious and social groups have trampled on the freedom of expression of artists and scholars to serve their own agendas. “FOR all the big talk about India's great tradition of cultural and religious tolerance, many forces in the social life of our country and a number of established organisations, including the so-called non-political ones, have time and again resorted to blatant suppression of freedom of expression, pointing forcefully to the...
More »Old age blues-Sreelatha Menon
-The Business Standard After food, education and information, pension is being sought as a fundamental right Old age should be cushioned with an assurance of minimum necessities in the form of pension. But, for a majority in India, there is either nothing or very little. Recently, Labour Minister Mallikarjun Kharge said in Parliament that 83 per cent of the 55 million beneficiaries of the Employees’ Pension Scheme (EPS) get a pension...
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-The Economist West Bengal’s populist chief minister is doing badly. Yet she typifies shifts in power in India BUYER’S remorse is common enough in the dusty markets of Kolkata, a delightful if crumbling great city, once known as Calcutta and still capital of the state of West Bengal. Those who buy cheap plastic goods or plaster-of-Paris busts of Rabindranath Tagore, Bengal’s cultural hero, may come to regret their haste. Likewise, many who...
More »Small loans add up to lethal debts by Erika Kinetz
-AP The microfinance industry pursued a path of rapid business growth in recent years; two investigations now link it to debtor suicides First they were stripped of their utensils, furniture, mobile phones, television sets, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself into a pond. Another jumped into a well with her children. Sometimes, the debt collectors watched nearby. More than 200 poor, debt-ridden residents of...
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