A week after the Union Cabinet gave its nod to a gender empowering legislation that will protect women from sexual harassment at the workplace, another landmark scheme — to provide financial aid to rape victims — could soon be a reality. Decks have been cleared to provide rape victims or their legal heirs with financial aid to ensure "restorative justice" in the form of legal and medical assistance, shelter, counselling...

The term “bottom of the pyramid” (BOP), coined by the late C K Prahalad, became wildly attractive in the early noughties, in part because the concept, which suggests that it is possible and legit to make money from the poor, provided a leavening justification for the animal spirits of capitalism in poor countries like India and China with their growing list of Forbes billionaires. On the verge of the second decade...

The heat on telecom minister A Raja is rising, with the Comptroller and Auditor General holding him personally responsible for the sale of 2G spectrum at dirt cheap rates in 2008, resulting in a loss of up to Rs 1.70 lakh crore to the national exchequer. The damning indictment stacks the odds even higher against Raja, who is already under intense scrutiny by the telecom watchdog, civil society and the Supreme...

The outgoing CIC interprets the RTI Act in a liberal spirit to direct the Calcutta High Court to provide information to an applicant. IN a landmark decision before he completed his term as Chief Information Commissioner on September 30, Wajahat Habibullah rejected the Calcutta High Court's contention that it was not subject to the CIC's jurisdiction under the Right to Information Act, 2005. The Calcutta High Court has the distinction of...

The accusation of ‘coercive' practices to recover the loans has been laid at the doors of some leading players Micro Finance institutions (MFIs) that are for profits are in the news for the wrong reasons. The ‘for profit' MFIs have grown spectacularly in recent times. But along with the large profits have come allegations of sharp practices. In Andhra Pradesh, where such MFIs have a sizable presence, the climate has now drastically...