The FDI in retail debate has apparently fully traversed the realm of reason and for it seems to have degenerated into name-calling. I had intimation of this when a diplomat who meets me from time to time asked me if I was being put up, for a price, by Indian corporate interests to stymie the entry of the big western firms like Wal-Mart and Carrefour? I can well imagine the...

-The Hindu   “One is my brother and the other is not is the thinking of a narrow-minded person. For those who are broad-minded, liberals, or noble people, the entire world is one big family.” This translation from the Maha Upanishad is part of the vision statement of the International Film Festival of India (IFFI), established in 1952 and held annually in Goa. Unfortunately, the IFFI directorate seemed to have momentarily lost...

In opening up the retail trade to foreign equity last week, the Union government demonstrated uncharacteristic courage and conviction. While this policy measure might help dispel doubts about its ability to take decisions, it has raised a political dust-storm more intense and widespread than it had probably bargained for. No doubt, taking a view on the issue of liberalising FDI norms for multi-brand retail had been on the government’s agenda for...

Bhukan Singh is a small, shy figure, with a nervous smile - he does not look like a hero. But standing in a field near his home, he recalls the day last March when his fight for transparency and justice in the eastern Indian state of Jharkhand nearly resulted in his death. "In today's India speaking the truth is not easy," Mr Singh, 44, says wistfully, remembering how, on that March day...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...