Offer insights into the working of government and throw up a wonderful cast of sidekicksIf the first tranche of the Niira Radia tapes showed the shocking penetration of the key pillars of the State by a powerful corporate lobbyist, the second instalment released by Outlook magazine takes the story further, offering delightful insights into the working of government and revealing a wonderful cast of sidekicks and supporting actors who cut...
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After favourable WTO verdict, US told to return shrimp money by Amiti Sen
India has asked the US to return shrimp exporters’ money locked up in Customs bonds. The US had imposed anti-dumping duty of 10.17% on Indian shrimps in 2005 and also asked local importers to provide enhanced Customs bonds worth the duty for past 12-month imports. When the US shrimp importers refused to furnish these bonds, India’s exporters had to shoulder the cost to keep shipments going. Following a successful complaint by...
More »Why microfinance is not half the villain it seems to be by R Jagannathan
A man, crawling on all fours, is searching for something under a tree on a hot summer’s day. A curious passerby stops and asks: “What are you looking for?” The man replies: “I’ve lost my watch.” The passerby asks: “Are you sure it fell near this tree?” The answer: “It’s cooler looking in the shade”.Governments work something like this. They do what they think is easier to do rather than...
More »Punjab's business clusters to create 5 lakh jobs
In a bid to ensure inclusive growth and increase employment opportunities, the Associated Chambers of Commerce and Industry of India (Assocham) will develop 15 business clusters in different parts of Punjab, an official said on Sunday. "Currently, 20 such clusters are operational in Punjab which are providing employment to lakhs of people here," Assocham secretary general D.S. Rawat said here. "These proposed clusters will be established at a budget of around Rs.500...
More »Dow-Reliance venture was approved despite concerns by Mahim Pratap Singh
While survivors of the Bhopal gas leak disaster have been demanding that Dow Chemical, the current owner of the Union Carbide Corporation, be held liable for the clean-up of the disaster site, the Ministry of Commerce and Industry granted approval to a project involving Reliance Petroleum Ltd and Dow Global even after apprehensions were expressed by the Ministry of Chemicals and Fertilizers. It now appears that the approval, granted shortly...
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