If there is one sector that is visibly the intersection of backroom politics, crony capitalism and serious threats to India’s internal security, it is mining. The business of resource extraction has always had its own peculiar economic logic: modern, yet dependent on the land; high-tech, yet somehow, indefinably, with feudal overtones. These anomalies have traditionally been recognised by economists, who categorise mining as the only “industrial” component of the primary,...

Sitting on an iron bench along a busy street, Chaman Lal sticks his fingers into a mug full of a greasy concoction and then applies the dark-red brew to areas where his patients complain of pain. Lal -- who does not have a LICense to practice medicine, but claims to be a successful bone doctor and traditional healer -- says this potion of 18 herbs is a cure-all. His large signboard,...

The philosophy of self-aggrandisement defies social logic. Seven leading banks in the United States of America had last year incurred an aggregate loss of $82 billion; the chief executive officers of these banks nonetheless claimed and collected annual bonus to the extent of $38 billion. The economy might lie in ruins; that did not distract sharks from zooming in on their prey. Our corporate sector has shaped itself in the...

Workers who found jobs through temporary employment agencies were among the first to find themselves out of work as a result of the global financial and economic crises, according to a new United Nations report released today. The International Labour Organization (ILO) report noted that the largest number of temporary job losses was recorded in the manufacturing sector of developed countries, especially in the car industry. Spotlighting Germany, where between...

The CVC has failed to be an institutional bulwark against corruption. The reason? Wrong appointments. It's time to fix the methodology of these appointments and make them transparent. The Central Vigilance Commission (CVC) was set up as a department of the government of India in the 1960s. It was functioning as an organization to advise government on all matters relating to corruption in pubLIC services and lack of integrity vis-à-vis pubLIC...