For 25 years, residents of Tajnagar village near Gurgaon lobbied for a railway station in their village. When their demand was not met, the villagers decided to take matters in their own hands — they pooled in Rs 21 lakh and built a railway station on their own. On Tuesday, the result of their efforts — perhaps the first railway station in the country on which the railways didn’t have...

Seven months into its second innings in power, UPA-2’s report card on key target schemes is just about average. Initiatives like Rajiv Awas Yojana are yet to be fully formulated while some others like the western dedicated rail corridor are stalled and a few other schemes are suffering from end-user glitches. A year-end review of flagship programmes, now scanned by PMO’s delivery monitoring unit apart from Cabinet Secretariat, has highlighted...

The impact of the global financial downturn has been felt keenly in the Middle Eastern emirate of Dubai - and that in turn is affecting the remote Indian village of Akhopur in the state of Bihar, from where Amarnath Tewary reports. In August 2008, Bharat Bhushan Tiwari - from Akhopur village in eastern Indian Bihar - took a loan of 71,000 rupees ($1,500) from a village moneylender to pay a...

The novelist and critic, C.S. Lewis, said he had no time for those who thought that since they had read a book once, they had no need to read it again. The great works of literature were to read again and again. The urge to go back to a book was prompted sometimes by aesthetics, the desire to savour once more its artful or elegant prose; and, at other times,...

Government and regulators need to focus on the systemic risk engendered by excessive compensation. As calendar year 2009 draws to a close, it is bonus season for the financial sector in the West. In the last several months, the need to cap bonuses and compensation packages has been extensively discussed in the context of limiting the future impact of the next financial sector breakdown. On December 9, 2009, the UK was...