Under unrelenting pressure to act against corruption, the government on Monday swung into action. It said it would slap show-cause notices on 85 licence holders asking why their licences should not be cancelled for violating eligibility norms. It will also ask the ministry of corporate affairs to check if SWAN Telecom acted as a front, as alleged by the Comptroller and Auditor General of India. The companies facing show-cause include Uninor,...

The SKS IPO and the Andhra Pradesh ordinance have suddenly changed everything. Will it be the death knell or will it usher in a reformed and healthy industry? There are three basic facts about micro-finance in India. First, most of what is described as micro-finance industry is actually micro-loans. There is hardly any provision of micro-savings, micro-investments, micro-insurance or micro-pensions. This is mostly because of regulatory reasons, i.e. accepting money...

Here is a background on the 2G spectrum controversy that resulted in Communications and IT Minister A. Raja of DMK resigning on Sunday: The issue dates to 2008 when nine telecom companies were issued scarce airwaves and licenses for second generation (2G) mobile phone services at Rs1,658 crore (less that $350 million) for a pan-India operation. As many as 122 circle-wise licenses were issued. The opposition said that by giving the airwaves...

Off With Their Rights...     * As many as 3 lakh slum dwellers in Delhi were evicted before the Commonwealth Games     * When a family is evicted, each member loses many rights—the rights to livelihood, shelter, health, education etc     * Of some 60,000 beggars on Delhi streets, more than 50,000 were removed for the Games *** Forget the razzle-dazzle and the hype over the recently concluded Commonwealth Games (CWG) in Delhi. The human...

Internet might have changed the world in a big way, but about 84 per cent of people in rural India remain unaware of the phenomenon, as poor infrastructure has kept it from reaching the masses, says a report. Further, it found that 38 per cent people in rural areas do not feel the need for the Internet. Lack of infrastructure that has prevented Internet penetration in rural India, has been citied...