-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...

-The Economic Times Something interesting happened in Mumbai last month. For the first time ever, Harvard Business School stepped out of its Boston campus to bring its leadership and corporate accountability programme for senior corporate executives to India. The programme focuses on promoting socially and financially responsible corporate conduct. In an environment where scams and business scandals are making headlines every day, the turnout for the four-day programme was expectedly impressive. "Corruption...

-The Hindustan Times Arvind Kejriwal has resorted to publicly naming and shaming everyone from politicians to corporates, Anna Hazare has reignited the Jan Lokpal debates and scandals are being exposed with increasing frequency. The anti-corruption movement has gathered momentum in the last twelve months, and presumably, corrupt officials are running for shelter. Yet, according to a Hindustan Times survey, 41.2% of respondents feel that government officials are more prone to take a...

-The Hindustan Times The Central Bureau of Investigation (CBI) and the Central Vigilance Commission (CVC) should be given constitutional status empowering them with appropriate autonomy and independence to make them effective instruments for fighting corruption, Comptroller and Auditor General (CAG) Vinod Rai said on Wednesday. “If you really want some of these institutions to deliver, you must take a risk and ... take courage to make them constitutional,” he said, while speaking...

-Outlook Nobel laureate Joseph E. Stiglitz is one of the world’s leading economists. A former chief economist at the World Bank and currently University Professor at the Columbia Business School, he was recently in India to attend an international conference on development and to promote his new book, The Price of Inequality. He spoke to Pranay Sharma about growing inequality in the world and the challenges facing India. Excerpts: * Your coinage,...