Global business abhors uncertainty. The ministerial-level corruption in UPA-II has slowed FDI and FII inflows. The stock market, despite double-digit corporate profit and 8.6% GDP growth, reflects the anxiety of Indian and foreign investors. To take India's growth story forward in the 20th year of economic reforms, political reforms must catch up. Misgovernance won't do in a globalised, interconnected world. Two kinds of political corruption blight India: episodical and ongoing. Episodical...

The World Bank and the United Nations have hailed it as one of the best health insurance schemes around the globe. Finance Minister Pranab Mukherjee's Budget called this UPA flagship, the Rashtriya Swasthya Bima Yojana (RSBY), an 'effective instrument' for providing basic health cover to the poor. Yet, UPA-ruled states have virtually disowned the scheme - just 11% of the scheme's Rs 2.31 crore active beneficiaries are in UPA-run territories, an...

It is time for the National Advisory Council (NAC) to introspect whether its pious thoughts on food security square up to an economic reality check. There are three likely scenarios: (1) universal coverage at 35 kg/per month per family; (2) universal coverage with 25 kg per family per month; and (3) partial coverage (say, to 11 crore families) with 35 kg per family per month. In each case, the implications...

The amounts of various radioactive releases into the environment are unknown, as are the winds and other factors that determine how radioactivity will disperse. The different radioactive materials reported at the nuclear accidents in Japan range from relatively benign to extremely worrisome. The central problem in assessing the degree of danger is that the amounts of various radioactive releases into the environment are now unknown, as are the winds and other...

Stating that seismic activity in India differs from that in Japan, Anil Kakodkar, former chairman of Atomic Energy Commission, said here on Monday that the possibility of a tsunami at Jaitapur, the site for a proposed nuclear power plant, was low. “Seismic activity in Japan and India are two different things. There are certain locations in the Arabian Sea and the Bay of Bengal. So, I won't say a tsunami will...