The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the exports market and partly through foreign investment flows either as equity or debt capital that financed private investment. The extent of the dependence, however, is quite low. The recession in the exports market affects only few sectors, such as textile and labour-intensive manufactures...

The good news is that Bihar has done it! Bihar’s first successful social audit took place in Jamua Panchayat of Araria district despite violence and threats. Two thousand villagers participated in the exercise and fearlessly deposed in front of a panel of officials and civil society representatives. The social audit exposed widespread corruption, fake muster rolls and fake vouchers in the panchayat records. (see details and contact numbers below) Following the...

The following piece was written for the UNIDO’s General Conference that took place in Vienna this month but could not be carried by any of the international papers because of a slight delay, although some feel its contents may not be ideologically palatable to them. Hence it is being carried here for the benefit of our readers. —Editor A highly positive sum game awaits the community of nations if an internationally...

Minutes before curtains were drawn on state legislature's winter session, Chief Minister Ashok Chavan announced a Rs 10,000 crore package for Vidarbha. "This a time-bound programme for all-round development of the region and will be implemented in three years," said Chavan assuring the house that he would personally monitor it in co-ordination with the chief secretary. A quick analysis of the package, however, showed it was a re-jig of ongoing...

The World Bank today finalized its Access to Information Policy, which makes the Bank a transparency leader among international institutions.  The policy was approved by the Board of Executive Directors on November 17, 2009 and will become effective July 1, 2010. The final text of the Policy paper reflects the comments and requests for clarifications sought by the Board during the November 17 discussion. “With the adoption of a progressive disclosure...