-Hard News While Narendra Modi's apologists will selectively quote from the latest CAG audit report on state finances that revenue earning has registered an upswing, they will compulsively forget that "the fiscal deficit of Rs 11,027 crore in 2011-12 was met out from a net borrowing of Rs 15,083 crore". The CAG has remarked that "an increase of 41 per cent in the market borrowing in 2011-12 over previous year for...
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Caught in desi ponzi schemes
-The Hindustan Times The sorry plight of thousands of small savers duped by a deposit-collecting firm in West Bengal is, perhaps, symptomatic of a wider malaise that runs deep in the Indian economy. What if a company asked you to invest Rs. 200,000 and promised to give you Rs. 8,000 a month for five years and a swanky sedan at the end of the fifth year? What if a company asked...
More »Supreme Court and the aam aadmi -G Mohan Gopal
-Frontline It is the goal of social revolution that connects the aam aadmi to the judiciary and to its highest institution, the Supreme Court of India. By Prof. G. MOHAN GOPAL WHAT should be the appropriate mea-sure of the relationship between the apex court of a country and its common people? Should an apex court be evaluated by who invokes its jurisdiction, from which area and for what purpose? Is an apex...
More »Pass the land bill: Now that consensus has been reached, don't delay it
-The Times of India The broad consensus finally reached by major political parties on the land acquisition Bill is a major breakthrough. The Bill, if passed, will bring transparency to the land acquisition process, help clear investor uncertainty and hopefully improve the supply of land for development. The break in the stalemate was made possible by a flexible approach of the government, which incorporated proposals of opposition parties. This is a...
More »Social Justice
KEY TRENDS • According to National Sample Survey report no. 583: Persons with Disabilities in India, the percentage of persons with disability who received aid/help from Government was 21.8 percent, 1.8 percent received aid/help from organisation other than Government and another 76.4 percent did not receive aid/ help *8 • As per National Family Health Survey-4 (NFHS-4), the Under-five Mortality Rate (U5MR) was 57.2 per 1,000 live births (for the non-STs it was 38.5)...
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