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Hocking the family jewels for a song -Claude Alvares and Rahul Basu

-Hindustan Times The issue of recovering the full extent of the value of our natural resources from parties to whom they are being assigned has reverberated throughout the economy ever since the Supreme Court delivered its judgements in the 2G scam (dealing with the State's earnings from selling spectrum) and on coal block allocations. In both instances, past practice and legal provisions had unwittingly handed these resources to parties at a pittance. Under...

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Devlopment needs resources like water, power, land

-PTI On the controversial land Bill, Kasturirangan told reporters on the sidelines of an International Conference on Innovative Research here that the Centre was going all out to explain the proposed legislation to the people at the grassroots. Former ISRO chairman Dr K Kasturirangan on Thursday said that development requires resources like water, power and land for manufacturing and creating jobs. On the controversial land Bill, Kasturirangan told reporters on the sidelines...

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IIT leads the way to a 'green revolution' -Jhimli Mukherjee Pandey

-The Times of India KHARAGPUR: A patch of 14 acres in Kenthia village of Kharagpur-II block, which was written off by everyone, has suddenly turned lush green. Go closer and you will see paddy, soybean, groundnuts, sweet corn and sesame plants there. The Kenthia experiment started with three departments of IIT-Kharagpur - agriculture and food technology, biotechnology and industrial engineering - about six months ago. The challenge was to turn a barren patch...

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A third of top 500 firms’ books dodgy: SFIO -Subhomoy Bhattacharjee

-The Financial Express A forensic report prepared for the Serious Fraud Investigation Office (SFIO) shows over a third of India's top 500 companies, including those in the top 100, are "managing" their accounts. It finds that companies where promoters hold more than 50% of total shareholding are more likely to take such steps to impress markets with their performance. Both domestic companies and subsidiaries of multinationals listed in India show similar trends...

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When statistics lie -Paranjoy Guha Thakurta

-The Asian Age The much-quoted sentence, "there are three kinds of lies: lies, damn lies and statistics", was attributed to the 19th century British Prime Minister Benjamin Disraeli by American author Mark Twain. Although researchers could never find such a statement in any written work of Disraeli, the sentence gained universal popularity to signify how economists and other number-crunchers use the "persuasive power" of figures to make a political point or...

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