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Boomtown Troubles by Ashok Malik

IT IS one of the inspirational legends of Indian journalism that James Hickey, founder and editor of the Bengal Gazette — this country’s first newspaper, with its first edition going back to January 1780 — was a fearless seeker of the truth, taken to court and imprisoned by Warren Hastings, then governor-general. Reality is a little different. Hickey’s paper was often a gossipy, yellow rag. It thought nothing of publishing scurrilous...

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SFIO to have powers to prosecute companies by Devesh Kumar

The Serious Fraud Investigation Office (SFIO) will have powers to investigate and prosecute corporate entities under the Companies Bill, 2011, expected to be cleared by the Union Cabinet before Diwali.  The bill also envisages rotation of company auditors for higher accountability, corporate social responsibility, a more effective regulation of related party transactions and stricter provisions to prevent siphoning of funds through subsidiary and associate companies.  The government expects the bill to modernise,...

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Earthquake in Sikkim: Natural Calamity and Potential Manmade Disaster by JJ Roy Burman

On September 18 an earthquake of the magnitude of 6.8 by the Richter scale struck Sikkim at about 6.18 pm The epicentre of the quake was located about 67 kms north-west of Gangtok—the State capital. The epicenter was located to be precise at Mangan, the headquarter, of the Sikkim North district. There were about four-to-five aftershocks of lesser intensity within five-to-six hours. Minor tremors were felt even after a few...

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Telling the wrong story by Dipankar Gupta

Is the Congress afraid of winning in Gujarat?  Nothing else explains why it lets Narendra Modi tom-tom development when it should have been the Congress banging the drums. The economic achievements of governments before Modi's read like an award citation, but too much secularism has since led the Congress astray. Instead of showcasing its past performance to regain Gujarat, it is obsessed with nailing Modi as a communalist-in-chief. Naturally, it is...

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Montek meets Manmohan over poverty line controversy by P Sunderarajan

Expected to clarify Planning Commission's stand on the issue today Planning Commission Deputy Chairman Montek Singh Ahluwalia on Sunday called on Prime Minister Manmohan Singh in the wake of the controversy over the Commission's Rs. 32 per capita per day definition of poverty line. He is expected to clarify the Commission's stand on the issue on Monday. The controversy broke out after an affidavit was filed by the Commission in the Supreme...

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