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Rise of crony journalism and tainted money in media -R Jagannathan

-First Post A lot has been written in recent weeks about crony capitalism, but an important issue for the media to introspect over is this: can this happen without significant amounts of crony journalism? When media companies begin to think they can run coal plants, surely this compromises them (Lokmat Group, DB Corp). When political parties think they ought to own media houses or be aligned to one (YSR Congress’ Sakshi, the...

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Water Privatisation in Delhi-Raghu

-People's Democracy IT seems the Sheila Dixit government of Delhi, backed by powerful elements in the UPA-2 central government, will let nothing stand in the way of water privatisation in the capital. Several earlier attempts going back many years to fully or partially privatise distribution of water, especially the big loan application to the World Bank in 2005, were foiled by vigilant community organisations, public interest groups, trade unions and political...

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More cases of 'wilful' default on bank loans by farmers

-Reuters SUPALI: Two years ago, Vilas Yelmar took out a 200,000 rupee ($3,610) bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai. The bank has repeatedly asked for the loan to be repaid, but Yelmar, whose annual income has risen to 2 million rupees, has spent the money on a new sport utility vehicle and a lavish family wedding. He is one of an increasing number...

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Monitoring government spending

-Live Mint High on hype, the budget speech of the Union finance minister today is merely a statement of account. As India’s economy diversifies—with the private sector playing an increasingly important role—this annual feature has assumed much lower salience. Not only have fiscal policies lost the space they enjoyed in earlier years, even major policy announcements are restricted to being mere statements of account. Examples from other arenas include “activism” on...

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Jharkhand’s tribals want CNT Act to stay as it is by Rashmi Verma

Tribal leaders outrightly rejected any move to change the CNT Act and lambasted some of the tribal leaders and political class that have advocated changes in century-old Land Act. Called by the CNT Act Bacaho Suraksha Samiti (committee to save CNT Act), veteran tribal leaders and activists gathered at Morhabadi Ground on Sunday where they threatened to launch a Statewide agitation if amendments in the Act were proposed by the Government. Addressing...

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