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...

The United Nations’ Human Development Report of 2009 paints an idyllic picture of migrations. THE recently released United Nations Development Report-2009, titled “Overcoming Barriers: Human Mobility and Development”, presents a strong case for governments all over the world to encourage human mobility. Migrations, including those of low-skilled workforce, pay dividends all round, the report says. However, it does not quite attempt to seriously understand why people migrate, sometimes subjecting themselves...

As the Union government prepares to launch an offensive on Maoist revolutionaries, I am reminded of three conversations that I heard or had in Chhattisgarh in the summer of 2006. The first took place in the state capital, Raipur, at the home of the leading Congress politician, Mahendra Karma. Karma was the begetter of the Salwa Judum, a vigilante army that has been responsible for a wave of killings, rapes...

Seven rounds of trade talks between the EU and India have been concluded without any negotiating texts or positions of either party being made public.  The widespread optimism about the possible signing of the India-European Union (EU) Free Trade Agreement (FTA) sometime in 2010 fails to take into account the many thorny issues that remain to be resolved. Not the least of them are the tariff negotiations on goods and...

The European Commission (EC) has called for an open discussion between India and the European Union on how to deal with social and environmental issues, child labour and related matters for the successful conclusion of the ongoing India-EU Free Trade Agreement (FTA) negotiations. “It is very clear for us that promoting sustainable development is not a veiled attempt of protectionism. On the contrary, trade negotiations are designed to eliminate barriers...