-The Business Standard India's politicians' regrettable response to a 1949 cartoon On Friday, more clearly than ever before, India’s political class revealed its deepest, darkest fear: that someone, somewhere, is smiling. In an enviable feat of cross-party unanimity in this partisan and divided age, India’s parliamentarians decided that a cartoon by that unparalleled chronicler of the birth of independent India, Shankar, was too offensive for a government-sanctioned textbook on modern Indian...

It has been a slow but steady move to make scholarship freely available Most of us spend a few hundred rupees a year on the magazines we buy for Leisure reading or for keeping abreast of current affairs. But if you are a scientist, you may be shelling out a few thousand rupees for the journal your professional society publishes for its members. Of course, if you are a serious researcher,...

A moratorium is not the magic bullet that can slay Bengal’s fiscal demons, several economists have said, pointing out that postponing the inevitable will be of little use unless backed up by a revenue mobilisation road map. Chief minister Mamata Banerjee had yesterday set a 15-day deadline for the Centre to announce a three-year moratorium on the payment of interest on the loans Bengal had taken. “A moratorium on repayment obligations can...

NEW DELHI: It could be a second innings for special economic zones, especially those held up for years, with the commerce department proposing fresh tax concessions and a cut in the minimum area requirement to a quarter of the present specifications. The department has suggested that any zone that is not built around the identified 40 million-plus cities and state capitals would be eligible for duty benefits on capital investment for...

Is the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) a poverty buster? Or is it a job destroyer? The answer seems to be both, though the scheme of late, has been bedevilled by corruption and many states have lost their enthusiasm for it, forcing the rural development ministry to revamp the scheme last week (read here about the changes). While the scheme has been attacked for many reasons – bloating rural...