Why did they attack Team Anna man Prashant Bhushan? In the twisted mind of Tajinder Pal Singh Bagga, it was some sort of glorious act. “God give us the power to complete our mission,” he tweeted before it. The mission: a coward’s attack on eminent lawyer and human rights activist Prashant Bhushan by Bagga and two of his friends, Inder Verma and Vishnu Gupta. On October 13, the three men...
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The failure of a hopeful idea
-Live Mint The poor remain poor because they lack resources. And the formal finance sector does not want to lend them because they are too poor, costs are high and they hardly have anything to offer as collateral. That is, they are trapped in the vicious circle of poverty. This was so until the arrival of microfinance—successfully demonstrated by the Bangladesh model that the poor are “good” borrowers. It was held...
More »The truth behind rural wages in India by Akshat Kaushal
Real wages in the hinterland have stagnated despite zooming economy While the economy has zoomed along at an average of 7.2% of GDP in the last decade, real wages in the hinterland have stagnated. You would imagine that after a decade of impressive economic growth averaging around 7.2 per cent, rural populations would be beneficiaries to this story. However, wage patterns considered over the last ten years show that real wages (wages...
More »SC criticises Khurshid's businessmen remark
-IANS The Supreme Court Wednesday took a serious view of union law minister Salman Khurshid's statement that keeping businessmen in jail was affecting the investment climate of the country. The apex court bench of Justice GS Singhvi and Justice HL Gattu said that the minister's statement gave an impression as if "we are interested in keeping businessmen behind bars". "This is disturbing for us, if it (statement) is true," Justice Gattu said. The court's...
More »India Inc write second open letter to govt about corruption
-NDTV Profit Some of India’s biggest and most-respected entrepreneurs have released an open letter to the government. The group which includes Wipro’s Azim Premji, Anu Aga of Thermax and HDFC's Deepak Parekh, refers to the anti-corruption Lokpal Bill that is meant to be introduced soon in Parliament. The industrialists write, “The Lokpal Bill is only one small but critical step in the national task of weeding out the plague of corruption...
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