-The Economic Times   What's common between foggy movements of two army battalions, the government auditor's assessments of large notional losses to the exchequer and a letter from the army chief to the PM on his unit's preparedness for war?  The information in each of these instances in the past six months was marked 'secret' in official files, but screamed its way to the public, forcing the government into damage-control mode.  Information leaks in...

-The Business Standard The Comptroller and Auditor General of India (CAG) on Wednesday called for a level playing field for getting information for auditing purposes. Pointing out that responses from government departments were often delayed, CAG Vinod Rai said “the auditor is not given the powers which a man on the street has”. He was speaking at a panel discussion at the Business Standard Annual Awards here on Wednesday. Rai was referring...

Renewable energy sources are attractive but in a sense, powerless. Maybe, someday we'll all live in houses with photovoltaic roof tiles but in the real world, a 1GW of solar plant will require 60 square miles of solar panels. When the demand increases, you can fire up more coal, but how will you cause the wind to blow and the sun to shine 24x7? The earth is already so disabled...

The disaster in Japan revealed many risks that were earlier unknown; it is important to assess the risks in India in a transparent manner and explain which are worth taking. The nuclear plant accident at Fukushima, Japan, in March 2011 exemplifies the prescient remark of nuclear reactor pioneer, the late Alvin Weinberg, that “a nuclear accident somewhere is a nuclear accident everywhere.” After Fukushima, many countries initiated a reconsideration of the...

-The Indian Express   Pranab Mukherjee should use his waking hours to signal bold reforms Until a few years ago no one really thought that governments could go bust. But the deepening sovereign debt crises of Europe have now persuaded us that governments can go bust if their debt levels cross a certain danger mark. What is that danger mark remains a matter of research by economists around the world. Some studies have concluded...