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Court upholds Andhra law on microfinance-Viswanath Pilla and Dinesh Unnikrishnan

-Live Mint High court asks state to review law in light of proposed national regulations to govern the sector The Andhra Pradesh high court on Monday upheld a law that led to the near demise of the microfinance industry towards the end of 2010, but asked the state government to review the legislation in the light of proposed national regulations to govern the sector.   News of the review sent the stock of the...

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Capitalism and Equality-Prabhat Patnaik

-The Telegraph Even reformed capitalism cannot give equal opportunity There is a view that the real problem with capitalism is that there is no equality of opportunity under this system. Your entire life gets determined by which class you happen to get born into. If the effect of this ‘happenstance’ could somehow be eliminated, so that everyone enjoyed equality of opportunity, then even though income and wealth inequalities continued to remain...

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The Doctor Only Knows Economics-Lola Nayar and Amba Batra Bakshi

-Outlook This could be the UPA’s worst cut to its beloved aam admi. Healthcare has virtually been handed over to privateers. Not For Those Who Need It Most Govt seems to have abandoned healthcare to the private sector Diagnosing An Ailing Republic     70 per cent of India still lives in the villages, where only two per cent of qualified allopathic doctors are available     Due to lack of access to medical care, rural India...

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The limits of shock and awe: Nandy, Dalits & Corruption -Praful Bidwai

-Kashmir Times If psychologist Ashis Nandy had planned to ignite a potentially ugly controversy at the Jaipur Literary Festival, he couldn't have done better than by insinuating intimate links between corruption and Dalits, Adivasis and Other Backward Classes. After warning that he was about to make a "very undignified" and "almost vulgar" statement, "which will shock you", Nandy said: "It is a fact that most of the corrupt come from the...

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Rarest of rare 'case' test needs society's approval: Supreme Court

-PTI The 'rarest of rare case' test is not 'judge centric' but depends on the perception of society and whether it would approve the award of death sentence to those convicted in certain types of crimes, the Supreme Court has held. "Courts award death sentence, because situation demands, due to constitutional compulsion, reflected by the will of the people, and not judge-centric," a bench headed by Justice K S Radhakrishnan said. "To award...

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