-The Hindu FDI is a debt inflow or liability foreign exchange because the profits or returns it generates will have to be repatriated. Will FDI in retail, single brand, banking or insurance enhance our foreign exchange earning capacity? Do they bring technology to the economy? There is so much of talk going around in all circles regarding FDI. Politicians, for obvious reasons, speak a language of their own, driven by ulterior motives....
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At Kudankulam’s core is fear, ignorance and anger -Meera Srinivasan
-The Hindu To many in Idinthakarai, the village that sits cheek by jowl with the nuclear plant, the entire idea is a betrayal. Others see brighter prospects. As the reactor prepares to go critical, Meera Srinivasan assesses the mood in the project area. Seated at the entrance to her tiny home, R. Pramasakthi is busy rolling beedis. “What? Interview? We don’t need the nuclear plant,” she barked. Asked why, the 35-year-old mother of...
More »UPA's flagship scheme in CAG net
-The Times of India Houses built for the poor allotted to ineligible beneficiaries, diversion of over Rs 100 crore to unapproved ventures, and a huge lapse in completion of projects mark UPA's flagship programme for urban areas — the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The Comptroller and Auditor General (CAG) of India has found serious lacunae and irregularities in the implementation of JNNURM in a nationwide audit that was tabled...
More »Rich Economy, Poor Management -Pranab Bardhan
-Outlook Don’t blame globalization for inequality – but rather policies hijacked by a few Economic globalization in the sense of expansion of foreign trade and investment is, of course, somewhat anaemic, reflecting the impact of global recession, although still vigorous in the sense of continuous international transmission of technology, information, ideas and social media. But in the world of politics and policymaking a cold wind is blowing, dimming earlier enthusiasm for global...
More »In a first, councillor gets 4 years for graft
-The Hindu Bangalore: The Lokayukta Special Court on Wednesday convicted L. Govindaraju, Bruhat Mahanagara Palike (BBMP) councillor for Ganesh Mandir ward, for demanding and accepting a bribe and sentenced him to four years’ rigorous imprisonment, besides fining him Rs. 90,000. Barely three months after he was elected, Govindaraju (Congress) was caught red-handed by Lokayukta sleuths accepting a bribe of Rs. 2 lakh from Uday Kumar, a builder, in July 2010. The Lokayukta...
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