-The Economic Times   The IMF wants to increase its lending capacity by $1 trillion, to rescue distressed countries in the eurozone plus those hit by aftershocks from the eurozone.  But US is struggling with fiscal problems of its own, Japan now has the highest debt/GDP ratio in the world (over 200%), and Europe is moving into an austerity phase. Clearly, a significant chunk of the new trillion will have to come from...

Political parties shout from rooftops that politics should be delinked from criminals, but a look at their nominees for Phase I of the Uttar Pradesh Assembly elections makes it clear that both are inseparable and, in fact, two sides of the same coin. As many as 109 (out of the 284 analysed) candidates have declared in their affidavits that they are facing criminal cases and 46 of them have been booked...

Corruption has become a serious problem, defying solutions. To curb it, several measures are needed apart from the Lokpal bill, the Judicial Standards and Accountability Bill and the Public Interest Disclosure and Protection of Persons Making the Disclosures Bill, otherwise known as the whistlblowers protection bill. The three bills, in their present form, do not appear capable of achieving the avowed objective. Like the Right to Information Act, these bills...

A government panel has floated the idea of making voting compulsory in civic and panchayat elections, with a fine of Rs 25 for anyone who chooses not to vote despite the absence of disabling circumstances. The panchayati raj ministry task force has argued that higher polling is likely to reduce the influence of money power on election results. A low turnout suggests that only committed voters and those who have accepted money...

The Aditya Birla Group increased its contribution to political parties about fourfold to Rs 30.5 crore in 2009-10 while the Bharti Group cut it from Rs 17 crore to zero.  The two main national parties, Congress and BJP, received Rs 84 crore and Rs 82 crore, respectively, as contribution from all sources while a regional party like Sharad Pawar's NCP obtained only Rs 3 crore.  The 2009-10 numbers of companies making legal...