Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...

Twenty five years after the beginning of the Narmada Bachao Andolan, the movement buzzes with inputs from activists and students. But, dogged by many limitations, is there a positive end in sight?An increased and meaningful interface between tribals and non-tribals came about...The air enveloping the ghats at Koteshwar is heavy with spirituality. Devotees, tourists and other visitors throng the place every day to pray at the several temples around the...

Alliance for Sustainable and Holistic Agriculture (ASHA) would reach city during its Kisan swaraj yatra on Friday to draw the attention to continuing agricultural crisis in India and call for a comprehensive new path for Indian agriculture. Baba Balbir Singh Seenchewal and Manmohan Waris would join the rally here. A public meeting would be organized in front of PAU gate number two. Out of 10 lakh farming families, 72,000 were forced to...

The Bombay High Court on Friday adjourned the hearing of a petition filed by the Lavasa Corporation against the status quo and show-cause notice issued by the Ministry of Environment and Forests. It, however, did not vacate the stay on resumption of construction activities. The matter was adjourned till December 6. Meanwhile, the National Alliance of People's Movement (NAPM) has appealed to the court that their petition be clubbed in the...

A widening corruption scandal that has touched India’s prime minister sent the country’s stock markets down sharply on Friday and threatened to tarnish the country’s image as a rising economic power. Setting off the turmoil was a report from the country’s auditor earlier this week that about $40 billion in wireless spectrum license fees had been squandered by the government’s telecommunications and information technology minister. On Thursday, India’s Supreme Court criticized...