Over the last few days, as a desperate government tried to tide over the Lokpal Bill crisis, it received over half-a-dozen variants of the draft legislation. On Saturday, both Houses of Parliament took up the subject and though the debate was mostly confined to the Jan Lokpal Bill, it made the political point that while an effective law should be devised to tackle corruption, Parliament’s supremacy must be maintained. The...
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Lots Of Food For Thought by Anuradha Raman
The government ignores the NAC, puts out a diluted draft bill on food security As many as 46 per cent of the malnourished children of the world—of whom at least 75,000 die every month—are in India. Another alarming official statistic—36 per cent of Indians live on less than Rs 20 a day. One would think figures like this would act as a reality check for a government that proudly chants...
More »Weighing The Scales by Anuradha Raman
A caveat: Is the Lokpal the right authority to investigate judges? Legal luminaries think otherwise. Five Points Of Contention Pro-Lokpal Bill activists want the higher judiciary to come under the purview of the new law. Jurists think otherwise. Point: Nowhere in the world is there an ombudsman to whom the entire higher judiciary is made accountable Counterpoint: The Lokpal Bill must ensure powers to probe corruption charges against SC and HC judges Independence of...
More »Mainstreaming LDCs: Istanbul and beyond by Arunoday Bajpai
A balance sheet of the Fourth U.N. Conference on Least Developed Countries held in Istanbul. Since the international community recognised the special category of Least Developed Countries (LDCs) in 1971 and started extending special benefits to them, their number has increased from 25 in 1971 to 48 in 2011. In 40 years, only Botswana, Cape Verde and Maldives have moved up. Meanwhile, 26 countries were added. Clearly, the development strategy for...
More »Satyam auditing not the only slip-up in India, admits Price Waterhouse India by John Samuel Raja & Sangita Mehta
Five audit firms of Price Waterhouse India have admitted to the US markets regulator, the Securities and Exchange Commission (SEC), that deficiencies in their auditing process were not restricted to Satyam Computer , but extended to other companies audited by them in India as well. This disclosure by PW India is in two documents released by the SEC on April 5 while concluding its findings on the Satyam accounting fraud case....
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