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Money in black -Varghese K George and Pheroze L Vincent

-The Hindu Corruption in India has undergone a qualitative shift from the days of licence Raj to the era of liberalisation. Opportunities for making money have come in handy for politicians, who were also dealing with a new political situation of fragmentation and instability. In the days leading to the 2008 Assembly election in Karnataka, slum-dwellers in Bangalore were startled to see small bundles flying in through their windows at night. The...

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‘Nearly half of world’s older people do not get pension’

-The Hindu Business Line On the day a ₹ 1,000/month minimum pension scheme was launched in India, an ILO policy paper report said that close to half (48 per cent) of people over pensionable age in the world do not receive a pension. And those who do get a pension, do not receive an adequate amount to cover for their health, and old age-related problems. "As a result, the majority of the...

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New drug era -Shamnad Basheer

-The Indian Express Prime Minister Narendra Modi's US visit is likely to throw up highly contentious intellectual property rights issues. Indeed, for the last several years, US drug majors and their European counterparts have lobbied hard to demonise the Indian patent regime. But the government must continue to defend the law and stand its ground. Particularly since our own industrial moguls have caved in and are less vocal about their opposition...

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World risks spending $250 billion on simply monitoring UN development goals: report

-Down to Earth The number should be reduced from the current 169 targets A development expert, Morten Jerven, has estimated that the world might end up spending close to $250 billion just to monitor UN development goals for 2030. In a report, Jerven proposes that governments should cut down the number of targets from the current 169 to avoid over-spending. According to Reuters, world leaders will set new sustainable development objectives-such as improving...

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National Optical Fibre Network plan likely to miss first target -Shauvik Ghosh

-Live Mint State-run companies laying cable at speed of 500km a month, much slower than 30,000km per month rate needed New Delhi: The Rs.20,000 crore National Optical Fibre Network plan that aims to connect 250,000 gram panchayats (village councils) across the country with high-speed Internet access is likely to miss its first target of linking 100,000 gram panchayats by March. The three state-run companies tasked with the job of laying optical fibre...

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