The CBI's record in the Jain hawala case was disappointing. But there are powerful elements in favour of unravelling the truth in the 2G scam. On December 16, 2010, the Supreme Court (Justices G.S. Singhvi and Asok Kumar Ganguly, ) ordered a comprehensive and thorough investigation by the Central Bureau of Investigation and the Enforcement Directorate into what has become notorious as “the 2G scam.” The investigation, into spectrum allocation from...

Close on the heels of the protests over the commercial introduction of Bt brinjal in the country, reports of field trials for a genetically modified (GM) variety of rice in West Bengal has sparked another controversy. A group of scientists held a press conference here on Thursday strongly protesting the development after media reports emerged about the decision of the Genetic Engineering Approval Committee (GEAC) to grant permission to the Calcutta...

Fearing a default from Andhra Pradesh-based microfinance institutions (MFIs), whose cash flows have been disrupted by new laws, lenders have asked RBI to ensure stability by bringing the sector under its purview. In a meeting called by the Reserve Bank to discuss funding of MFIs, it asked banks whether the institutions were repaying loans on time and if the end-borrower was suffering because of the credit crunch faced by them. RBI...

Congress President Sonia Gandhi's five-point plan to counter corruption, announced during the recent plenary session of the party and Prime Minister Manmohan Singh's offer to appear before the Public Accounts Committee (PAC) on the spectrum scam are, on paper, reasonable measures aimed at reversing the toll the series of scams and controversies have taken on the government. But without concrete action and setting up of mechanisms which can effectively implement counter-corruption...

IT WAS a windfall five years ago that taught Panchali Satyavva the power of a lie. It happened one Monday afternoon in Someshwar village of Nizamabad district in Andhra Pradesh. It was raining in sheets and she had just placed a bucket under the steady trickle of water from the roof of her hut. Two men were at her door, holding umbrellas and offering her an unsolicited Rs. 5,000. They...