Many scandals have surfaced recently, which highlight the immaturity of India’s economic development model. India lurched somewhat reluctantly into the economic reform process nearly two decades ago. If China has been on the path for the last 33 years, the fact is that we have been at it for 20 years, too. This is a good a time to assess whether we are making sufficient progress along the many dimensions...

Somalia is the world's most corrupt nation, according to Transparency International's 2010 Corruption Perception Index. The 2010 CPI shows that nearly three quarters of the 178 countries in the index score below five, on a scale from 0 (perceived to be highly corrupt) to 10 (perceived to have low levels of corruption), indicating a serious corruption problem. New Zealand, Denmark and Singapore are the least corrupt countries in the world, according...

NREGA has always been touted as the UPAs flagship scheme but there have been a number of instances when the scheme has been misused by those who are dispensing funds.   IAS officers Sukhveer Singh and Chandrashekar Borkar both posted in Seedhi district in Madhya Pradesh, between 2006 and 2007, were charged with misappropriating nine crore rupees during this tenure. Funds meant for NREGA, a scheme that ensures hundred days of work...

Export curbs during 2008 crisis ‘exacerbated' situation. The Food and Agriculture Organisation on Wednesday said short-term policy actions, especially curbs on exports, could have harmful effects in the longer term and even aggravate the situation. In statement put on its website, the organisation, a body of the United Nations, pointed out at the 2007-08 crisis in the global food market as an example of how such decision can exacerbate the situation...

The United Nations Food and Agriculture Organization (FAO) is calling on countries to carefully examine the implications of high food prices and not to take any policy actions that might appear useful in the short term but could have harmful, longer-term effects or even aggravate the situation. The call comes with the agency’s publication today of an updated guide for policy-makers in developing countries, aimed at helping them address the negative...