After sliding a mile backward into a morass, Karnataka'smining sector has just been shoved a metre forward. Since it has taken an almighty effort by the judiciary and a quasi-judicial body, the Lokayukta, to accomplish even this much, what hope is there for a sector that is vital for Karnataka's and India'sindustrial development?? Will the sector - represented by mining firms, traders, transporters, government agencies - slide back deep into...
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'Reforms failed to bridge urban-rural divide' by Ravi Dayal
Experts at a discussion on "Two decades of economic reforms: The way forward", organized by CII, Bihar state centre, said the economic reforms had not lessened the urban-rural divide; hence rural people could not generate substantial demand in the economy, though the savings rate enhanced in the last two decades. Director, Asian Development Research Institute, P P Ghosh, said the savings rate had increased from 12% in 1951 to 35%...
More »Concern over Corruption by Prabhat Patnaik
There is no gainsaying that corruption breeds cynicism which undermines the democratic foundations of our polity. There is no gainsaying, too, that corruption results in a net shift of resources away from the poor. There can therefore be no two opinions about the need for controlling corruption through an appropriate lok pal bill. But the impression is unavoidable that the current hullabaloo about ‘corruption’ constitutes a case of mistaken identity:...
More »The Karnataka mining report by Vicky Nanjappa
The report on illegal mining in Karnataka, compiled by Lokayukta Santosh Hegde and his team, may spell the end of the first Bharatiya Janata Party government in south India. While the report is voluminous, here are a few details of what the Lokayukta and his team have found while probing the illegal mining Scam. In the report the Lokayukta clearly makes charges against Chief Minister B S Yeddyurappa and Minister for...
More »CBI chargesheet against seven in street lights Scam
-Express News Service The Central Bureau of Investigation (CBI) filed a chargesheet on Thursday in the Patiala House courts against seven persons, including four MCD officials, in a case relating to corruption in the installation of street lights before the Commonwealth Games. The Municipal Corporation of Delhi (MCD) had floated a tender for street lighting in the city in 2008, in which, according to the CBI, the seven persons named and a...
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