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Ponzi puzzle stumps Amway

-The Telegraph The sudden arrest of Amway India's top brass on Monday has focused the spotlight on the crumbling fault lines and the grey areas in the demarcation between some of the world's best-known direct selling companies and the dodgy Ponzi schemes that promise huge returns to gullible investors and have lately grabbed all the sensational headlines in Bengal. William S. Pinckney, managing director of Amway India, and two directors of the...

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A deception most foul-Narayan Lakshman

-The Hindu   Ranbaxy's fraudulent practices may have jeopardised millions of lives in India, Africa and the U.S. Exactly two weeks ago, the pharmaceuticals industry was rocked by revelations that one of the world's largest generic drug manufacturers, Ranbaxy Laboratories, pleaded guilty to seven federal criminal charges stemming from its fraudulent production practices dating back to 2008, and agreed to pay U.S. regulators $500 million in fines. Much has since been said about Ranbaxy's...

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Himachal Pradesh government flunks forest rights’ subject-Manshi Asher

-Tehelka Close to 30 percent of forests have been converted to Chir Pine monocultures displacing grazing rights of several communities like the Gaddis and Gujjars. There is no quantitative assessement of the impact of loss on people's lives The Scheduled Tribes and Other Traditional Forest Dwellers Act, or Recognition of Forest Rights Act - commonly known as the Forest Rights Act (FRA) was passed by Parliament in 2006 to address historical injustices...

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Mandatory CSR in India: A Bad Proposal-Aneel Karnani

-Stanford Social Innovation Review Looked at from the perspective of the political right, and the left, and the center, the proposed law making CSR mandatory is a really bad idea. Companies all over the world are under increasing pressure to demonstrate that they are responsible citizens, with about 70 percent of large companies in Europe and the Americas reporting on their corporate social responsibility (CSR) initiatives. Despite this, the very concept...

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From Bofors to 2G, the same fate-Arun Kumar

-The Hindu   The parliamentary committees on the howitzer scam and the stock market scandal protected the powerful and failed to fix accountability. The same is true in the spectrum case The current political situation brings back memories of 1989. The Prime Minister then was under a cloud in the Bofors scam. Many of his close associates like Lalit Suri and Ajitabh Bachchan were accused of wrong-doing. Today, Prime Minister Manmohan Singh and...

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