Economist and Nobel laureate Amartya Sen, currently the Lamont University Professor and Professor of Economics and Philosophy at Harvard University believes that mere economic growth cannot be equated with the wellness of people. Social indicators are an equally important measure. In Bangalore for the presentation of the Infosys Prize for 2011 ( Sen is the jury chair for social sciences), he spoke to TOI on a variety of topics. Excerpts: Q:...
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Black money trail: Indian companies still parking funds in tax havens by Pradeep Thakur
The top 10 investment destinations for Indian companies in the last three years are all tax havens, if the US and UK which figure at number 4 and number 8, respectively, are discounted. The statistic, released by the finance ministry, reinforces the belief that the government has failed in curbing the flow of black money out of the country. Around 40% of the total investments in these three years have been...
More »India ranks worst in diversity study by Malvika Chandan
India is the worst among the six top Asian economies when it comes to the representation of women in the workforce at junior and middle-level positions, according to the Gender Diversity Benchmark for Asia 2011 report. “It performs only slightly better than Japan at senior level positions,” said the report released by Community Business, a non-profit organization focusing on diversity and inclusion in Asia. The report surveyed women at different levels across...
More »Chances of corrupt public servants being caught and punished very less by Bibek Debroy
The Lokpal legislation, in whatever form, will not be the only law we have on corruption. Apart from statutes on prohibition of benami transactions and prevention of money laundering, there is the IPC (Indian Penal Code). Under Sections 169 and 409 of IPC, depending on the offence, public servants can face imprisonment (from two years to life) and fines. This wasn't enough of a deterrent and after Bofors, we had...
More »India asked Google to block content critical of government by Vinay Kumar
Number of content removal requests from the country up by 123 per cent Are Indians allowed to use the Internet to criticise politicians and officials? If Google's latest ‘Transparency Report' is any indication, the police in some States don't seem to think so. In the last six months of 2010, law enforcement agencies across India asked the web search company to remove YouTube videos and a blog “that were critical of...
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