-The Times of India The Supreme Court on Friday stayed all proceedings before the Delhi High Court relating to 20 petitions by 2G spectrum scam accused, including former telecom minister A Raja, DMK MP Kanimozhi and others who had challenged the trial court's decision to frame charges against them. Appearing for the CBI, senior advocate K K Venugopal informed a bench of Justices G S Singhvi and K S Radhakrishnan that though...
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The World Bank’s misdiagnosis-Himanshu
-Live Mint Flexible labour laws in India cannot solve the problem of weak job growth and the poor quality of employment The theme of the World Bank’s World Development Report this year is, appropriately enough, jobs. The report recognizes that creating jobs is the surest way of reducing inequality and poverty, particularly in the developing world. But the cliché it offers as a solution is disappointing: relax labour laws. The bank has...
More »As weather patterns get unpredictable, nations must start budgeting for natural disasters
-The Economic Times It's extreme weather season in Asia again. Deadly cyclones, blinding rain, floods and mudslides are becoming the norm from Nepal to Fiji. The world's policymakers must reflect on extreme weather patterns while budgeting their nations' finances. In Thailand last year's floods caused losses of $46.5 billion. Reconstruction costs will reach at least $50 billion, according to the government and UN's assessments. In Pakistan widespread flooding two years ago affected 20...
More »Slum dwellers contribute 3-3.5% of Bangalore's economy-Mahesh Kulkarni
-The Business Standard A study has found that the poor households earned a total of Rs 1,545 cr, spent a total of Rs 1,185 cr, and contributed a savings of Rs 360 cr to the city in 2011 Urban poor living in slums of Bangalore contribute 3-3.5 per cent of the City’s economy. About 9-11 per cent of the city’s population that lives in slums contribute between Rs 1,643 crore to Rs...
More »Big business ammunition fires Kejriwal's guerilla war: Narayana Murthy tops list of India Inc. donors for activist's trust-Saurabh Shukla
-Mail Today THE edifice of Arvind Kejriwal’s guerilla war on politicians and big business has been bankrolled by corporate big wigs who donated to his Public Cause Research Foundation. India Against Corruption, which has unfurled the banner of revolt against all- pervasive corruption, actually draws its lineage from Public Cause Research Foundation. And if you were wondering where the movement got sustenance from, strangely it came from a combination of businessmen and bankers. They...
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