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Boom versus price puzzle

As policymakers gear up for their biggest battle against inflation, worrying signs about India’s boom-boom growth story emerged. The first warning signal went up today with the government’s statistical office announcing that the index of industrial production (IIP) — the broadest measure of plant and factory performance —had grown by a piffling 2.7 per cent in November against a market consensus of 6.6 per cent. The index stood at 317.9 —its lowest...

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KGB brother quits post by John Mary

Former Chief Justice of India K.G. Balakrishnan’s younger brother K.G. Bhaskaran, who had gone on medical leave following allegations of amassing wealth, today resigned as special government pleader in Kerala High Court. In his resignation letter, sent to advocate-general C.P. Sudhakara Prasad, Bhaskaran said he was resigning on health grounds. Prasad had earlier asked him to go on leave or quit. This is the second resignation following the media exposures on wealth...

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Dealing with the 2G spectrum scam by Anil Divan

The CBI's record in the Jain hawala case was disappointing. But there are powerful elements in favour of unravelling the truth in the 2G scam. On December 16, 2010, the Supreme Court (Justices G.S. Singhvi and Asok Kumar Ganguly, ) ordered a comprehensive and thorough investigation by the Central Bureau of Investigation and the Enforcement Directorate into what has become notorious as “the 2G scam.” The investigation, into spectrum allocation from...

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Guilt by association does not hold: SC by Samanwaya Rautray

The Supreme Court has said no person can be convicted merely because he was associated with a subversive organisation, unless he has shared its unlawful purpose or participated in its unlawful activities, in a judgment that could affect the fate of Binayak Sen and Maoist ideologues convicted by lower courts. Apart from being held guilty of sedition, Sen, a doctor, has been convicted for his links with Maoists. The judgment may...

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Bold ways needed to check ethical failings of the media: N. Ram

‘For the Indian media, the key question is one of covering mass deprivation' Time to rediscover concept of freedom of press in Marxist terms: Sashi Kumar N. Ram, Editor-in-Chief of The Hindu, has called for “bold and radical” ways to check the ethical failings of the media. Inaugurating a seminar ‘Whither Media,' organised as part of the three-day Third International Congress on Kerala Studies, which concluded here on Monday, Mr. Ram said that...

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