There's not much you can buy in terms of assets for Rs 1 lakh. But two Delhi businessmen gained access to a multi-crore iron ore mine in Chhattisgarh for just this much. On June 2, 2004, two brothers, Atul Jain and Sanjay Jain, pooled together Rs 1 lakh in Delhi to set up a company, Pushp Steel and Mines Ltd. The same day, the company applied for a prospecting licence...
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IPL? Let’s get real by Samar Halarnkar
So, Shashi Tharoor has gone. Lalit Modi may follow. Or not. Cricket’s great jamboree may be cleaned up. Or not. Does it matter so much? The Indian Premier League (IPL) brouhaha could not have come at a worse time. India was, finally, if reluctantly, starting to focus on long-festering-but-urgent issues that prevent this country from being a just, equitable democracy. As Tharoor and Modi self-destructed, the circus around them diverted all...
More »How to feed your billionaires by P Sainath
Freebies for the IPL — at a time of savage food subsidy cuts for the poor — benefit four men who make the Forbes Billionaire List of 2010 and a few other, mere multi-millionaires. And so the IPL fracas is now heading for its own Champions League. Union Cabinet Ministers, Union Ministers of State, Chief Ministers (and who knows a Governor or two might pop up yet) are being named...
More »Is India moving toward urban disaster? by Sunil Jain
With 130-140 million Indians likely to move to cities in the next decade and an equal number in the one after that, the development of urban India represents the biggest challenge you can think of -- in the next two decades, India will have to create as many new cities as it created in the last several hundred years. Alternately, the existing cities which are home to around 285 million people...
More »Kaushik Basu interviewed by Manav Chopra
Kaushik Basu, the current Chief Economic Adviser to the Ministry of Finance, had a 15-year-long stint as Professor of Economics at Cornell University. The Padma Bhushan awardee has been working closely with the Finance Ministry and the Prime Minister to chart the country’s future growth path. He spoke to MANAV CHOPRA about the need for better monitoring to ensure growth doesn’t happen at the expense of social justice. Excerpts: A common...
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