Nobel laureate Amartya Sen has said recreating Nalanda University would not be easy and that it needed a scientific attitude and disciplined thought and the inspiration for this could come from old Nalanda itself. At the Indian Science Congress in Chennai today, Sen said: “The meeting here gives me an opportunity to recollect the pursuit of science in old Nalanda which will inspire and guide our long-run efforts in new Nalanda.” Sen...

The economy shows consistent signs of growth. The challenge in the new year is to make development more equitable and broad-based… 2010 was a year of relief that soon grew into despondency. We were relieved that India had pulled out of the deepest post-War recession relatively unscathed. The soundness of its cautious macro-economic management was underlined once again and the US economy is also looking like getting slowly back on...

Between the technical rigour and finality of CAG audit and people's airing of grievances, a new audit system that subscribes to, and strengthens, open government may be waiting to be born. The new system is envisaged as one where the CAG’s formal audit includes the relatively new concept of community-led social audit . The Mahatma Gandhi National Rural Guarantee Act, 2005 (MGNREGA) presents an opportunity to do this. Traditionally, auditing is a...

He had been defending political dissenters since the late 1960s Eminent civil rights activist and prominent lawyer K.G. Kannabiran (81) passed away in Hyderabad after a brief illness on Thursday evening. He is survived by wife Vasanta, two daughters and a son. The last rites were performed later in the evening in the presence of family members as per his wish. Born in 1929, Mr. Kannabiran obtained master's degree in Economics and a...

If the price rise is due to production shortfall, how does one explain the near doubling of the price within a few days? The sharply rising onion prices have raised the suspicion that speculators are manipulating a shortage situation. First, a few facts. In retail markets, onion prices have soared from Rs 10-11 per kg in June to as high as Rs 70-80 on Dec 21. Even more significantly, prices zoomed by...