-The New York Times Blog The strength and direction of the Indian economy may be up for debate, but one remarkable fact is not: There has been massive growth in the number and wealth of billionaires in India since the economic liberalization measures in 1991. The phenomenon has often been compared to the United States’ experience in the latter part of the 19th century. This was a period evocatively described by Mark...

-DNA No one believes the news anymore. Who can blame them? The newspapers are so noisy, filled with Scams and slanging matches, that even a top newspaper-bureaucrat like your columnist cringes while scanning the morning’s front pages. I too don’t want to read the papers. Then there’s the matter of credibility: the media is barely clinging to the last vestige of public trust, and that’s only because the institution of the...

-Tehelka The sentencing of Wall Street wizard Rajat Gupta in the historic insider trading case has led to the fall of a one-time icon for many Indians “This is where destiny is taking me.” This is what former Goldman Sachs Group Inc director, Rajat Gupta, told old friend Pramod Bhasin, as he sat with a glass of scotch in hand, in a mid-town bar in New York. Little did Gupta know how prophetic...

-Mid Day Senior PWD officials in collusion with contractors used bogus bills to issue cheques to withdraw state funds from RBI; cops took six months to register FIR despite complaint in April.  Mumbai: One of the biggest Scams in recent times has come to light at the state administration level, involving senior officials of the Public Works Department (PWD) and fraudulent withdrawal of Rs 112.58 crore from government accounts.  It is said that bogus...

-Pratirodh.com Social activist and National Alliance of People’s Movement (NAPM) leader Medha Patkar along with other activists demanded resignation of Union Agriculture minister Sharad Pawar for his involvement in Lavasa scam.   Here is the full statement:   Corruption of one politician after another in nexus with the builders and corporations are getting exposed. The scandals which were already investigated and prosecution initiated also are to be re-viewed in the renewed context and taken to...