While the state has to act transparently in awarding tenders, it has more elbow room in the matter Though the government is not perceived as a good business partner, yet its contracts are attractive on many counts. There is more elbow room for making profit. Therefore, agreements for infrastructure and services are coveted. Many of them, however, land in the court because the government has much more leeway in the selection...

There is substantial capacity in the cooperative sugar sector. Reform of the sector needs transparency, enforcement of prudential norms and effective governance. Multi State Cooperatives can now become Producer Companies under the Companies Act by the Second Amendment in 2002 based on a Draft Act prepared by a Committee I chaired. As far as possible conflict of interest, reporting norms and so on need enforcement for Cooperatives as in Company...

Corruption kills development and is one of the biggest obstacles to achieving the globally agreed targets to reduce poverty, hunger and other social ills by 2015, also known as the Millennium Development Goals (MDGs), United Nations officials warned today. “When public Money is stolen for private gain, it means fewer resources to build schools, hospitals, roads and water treatment facilities. When foreign aid is diverted into private bank accounts, major...

DELEGATES turning up to the 15th Conference of the Parties to the UN Framework Convention on Climate Change—known as the Copenhagen conference—face a fortnight of negotiation, beginning on Monday December 7th, almost as rich in complexity as in hyperbole. The range of different possibilities in the negotiations means that there is, potentially, something for everyone, which raises hopes for success. At the same time, there is the near certainty of...

The Supreme Court today asked the central government to explain why lotteries shouldn’t be banned to save the poor from frittering away their meagre earnings in the hope of hitting the jackpot. The notice came a little over a week after another bench of the court asked Bengal to restrict draws of a lottery to once a week as mandated under a central law instead of one every five minutes. “Why should...