Without policy efforts to deal specifically with issues such as reduced incomes and unemployment, the global economic crisis will be far from over. FOR most economic commentators, 2010 begins on an optimistic note. Just a year ago, there was much gloom about the world economy. The worst financial crisis since the Great Depression had broken out in full fury; asset markets in the United States, Europe and then most developing...
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Of money, greed and risk-loving CEOs by Jayati Ghosh
This has been quite a decade for global corporate leaders, volatile not only in terms of their actual fortunes, but even more so with respect to the shifting perceptions of society. When the decade began, large corporations and those at their helm were at the peak of their power, flush with riches delivered by the dotcom boom in the US economy as well as the vast opportunities created by easier...
More »Joan Mencher interviewed by Vikhar Ahmed Sayeed
Interview with Joan Mencher, an anthropologist who has worked in India for long on issues such as agriculture, ecology and caste. JOAN P. MENCHER is a Professor emerita of Anthropology from the City University of New York’s Graduate Centre and Lehman College of the City University of New York. She is the chair of an embryonic not-for-profit organisation, The Second Chance Foundation, which works to support rural grass-roots organisations...
More »Noted Gandhian goes on hunger strike
The National Alliance of Peoples’ movement (NAPM), an organization of dozens of grassroots movements and civil society groups all over India, has expressed full solidarity with noted Gandhian Himanshu Kumar of Vanvasi Chetna Ashram demanding restoration of peace and just governance in Chhattisgarh. Himanshu Kumar has gone on an indefinite hunger strike at Dantewada in Chhattisgarh from Saturday December 26 amidst reports of government’s preparation to launch an all out...
More »Boardroom rules
One year on from the aborted Satyam-Maytas deal that eventually paved the way for Ramalinga Raju’s sensational confession of fraud some weeks later, the government finally seems to be getting serious about corporate governance reform. The revelation of accounting fraud at Satyam unfortunately distracted attention from more fundamental issues relating to good corporate governance, particularly the role of company boards. But now, the government is set to release a new...
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