If Rajiv Gandhi were alive, he would have been delighted to see his view on leakages confirmed by a research study on the pubLIC distribution system [How Can Food Subsidies Work Better? Answers from India and the Philippines by Shikha Jha and Bharat Ramaswami (http://www.adb.org/documents/working-papers/2010/economics-wp221.pdf)]. The ADB study showed that the deserving poor in India received only 10 per cent of the benefits from the system. Nearly twice accrues to...

There is no gainsaying that corruption breeds cynicism which undermines the democratic foundations of our polity. There is no gainsaying, too, that corruption results in a net shift of resources away from the poor. There can therefore be no two opinions about the need for controlling corruption through an appropriate lok pal bill. But the impression is unavoidable that the current hullabaloo about ‘corruption’ constitutes a case of mistaken identity:...

In the past 50 years or so, we have come face to face with unusual climatic occurrences, weather changes and environmental disasters. These are a corollary of the global pursuit of rapid growth, in particular rapid growth of industrialisation, and very often the mindless and predatory exploitation of natural resources. These have happened across the world, without distinguishing between rich and poor nations... In the increasingly integrated world that we live...

Developing countries will now have to battle IP issues related to new agricultural technologies at WIPO instead of WTO The World Intellectual Property Organization has announced clearly that it intends to play a role—and considering the clout WIPO enjoys it implies a significant part—in promoting intellectual property (IP) in agriculture to enhance productivity. The UN body stepped into this touchy arena with a seminar at its Geneva headquarters that has gone...

-The Times of India   CBI on Saturday concluded its arguments on framing of charges against the accused in the 2G scam saying that going purely by the note on revision of LICence fee by Indian Revenue Service officer Manju Madhavan or the PM's letter, a loss of Rs 30,000 crore has been caused to the pubLIC exchequer due to the scam. Concluding his arguments, special pubLIC prosecutor U U Lalit said...