The term ‘money laundering’ is said to have originated from mafia ownership of Laundromats in the US. Gangsters there were earning huge sums in cash by extortion, prostitution, gambling and bootleg liquor. They needed to show a legitimate source for these monies. Money launderers now resort to the use of apparently legitimate commercial transactions to camouflage their laundering activities. There has been an increasing amount of interest of late in commodity...

Many experts do not seem to know the ground realities that affect a farmer Personal experience remains the best teacher. “Today several book experts claim to know the answer for solving agriculture crises. Many officials are interested in pushing their projects in the government than for farmers' welfare. Some are foreign educated and do not seem to know the ground realities,” says Mr. Avaran, from Malappuram, Kerala, who developed a low cost...

Private coaching constitutes a significantly large portion of the expense students incur on education, sometimes even bigger than the expenditure on school fees, a study says. In Gujarat, Maharashtra and Karnataka, school students who go for tuitions spend more on private coaching than the average school student does on all items including school fees, transport, books and stationary and uniforms. These are the findings of a in 2007-08 National Sample Survey Organisation...

Four public-funded national universities have entered into a "confidential" pact with Nestle, one of the biggest baby food and commercial food companies, for nutrition awareness programmes for adolescent school-going girls in government-run village schools. Breastfeeding Promotion Network of India (BPNI) has written a letter to the secretary for school education and literacy, Anshu Vaish, protesting against "brand promotion using the public education system" and saying that the MoU (memorandum of understanding)...

That Indian firms, some of them backed by the government, have gone scouting for land abroad to farm crops for consumption back home is well-known. Reversing the trend, now many Gulf countries are getting a toehold in India that will allow them to farm here and export the food back. A Bahraini firm, the Nader & Ebrahim Group (NEG), recently tied up with Pune-based Sanghar Group to do exactly that....