-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...
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The Dark And The Sublime: The Story Of Rajat Gupta-Shaili Chopra
-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...
More »Chakravyuh song taking a jibe at Tata, Ambani & others kicks up a storm; India Inc protests-Vijaya Rathore
-The Economic Times NEW DELHI: Birla ho ya Tata, Ambani ho ya Bata Sabne apne chakkar mein des ko hai kaata Are humre hi khoon se inka Engine chale dhakadhak (Be it Birla or Tata, Ambani or Bata Everyone has exploited the nation for their own benefit Their engine runs on our blood) The names of some of India's top corporate houses may seem to rhyme well in this Bollywood ballad, but its drift, insinuating that business groups like...
More »Protest against new Land Acquisition Bill
-Pratirodh.com NAPM on Tuesday started a three-day demonstration at Jantar Mantar in Delhi to protest against the draft Land Acquisition Bill and demanded revision of the draft to incorporate changes suggested by a Parliamentary panel and civil society. NAPM has organised the dharna in association with several other land rights and anti-displacement movements — like the National Forum of Forest people,Mazdoor Kisan Shakti Sangathan and Forest workers — under the banner of...
More »Reliance Power got undue benefits in bidding for ultra mega power projects: CAG
-The Economic Times The CAG has questioned the eligibility of the Anil Ambani-led Reliance Power to have bid for any of the three ultra mega power projects (UMPPs) and said the company would enjoy undue benefits of Rs 29,033 crore over 20 years by using surplus coal at another plant. The CAG said that to be eligible to bid for a UMPP, a company should have implemented projects worth Rs 3,000 crore...
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