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Putting Growth In Its Place by Jean Dreze and Amartya Sen

It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...

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SFIO to have powers to prosecute companies by Devesh Kumar

The Serious Fraud Investigation Office (SFIO) will have powers to investigate and prosecute corporate entities under the Companies Bill, 2011, expected to be cleared by the Union Cabinet before Diwali.  The bill also envisages rotation of company auditors for higher accountability, Corporate Social Responsibility, a more effective regulation of related party transactions and stricter provisions to prevent siphoning of funds through subsidiary and associate companies.  The government expects the bill to modernise,...

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Changing priorities by CP Chandrasekhar

In planning, pursuit of profit was not seen as being in the social interest in the post-Independence years, but now profit is the sole motive. FOR two decades now the Government of India has pursued a policy of accelerated liberalisation, dismantling controls, diluting regulations and making the state a facilitator of private investment. It is not that the presence of the state has diminished during this period, but that its role...

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Mining bill must do more for tribals

-The Deccan Chronicle   The approval by the Cabinet of the Mines and Minerals Development Regulation Bill is clearly meant to facilitate the acquisition of land in the mineral-rich districts of the country. Several large projects, including those of the richest non-resident Indian, Mr Lakshmi Mittal (Arcelor), and the South Korean giant Posco have been held up because of serious objections and protests from the affected tribal populations. The bill stresses on...

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India to roll out world’s largest non-communicable diseases drive by Kounteya Sinha

As many as 26 "mini interventions" will make up the world's largest programme to combat non-communicable diseases (NCDs) that will be launched by India soon. The "New Delhi Call for Action on combating NCDs in India" initiative will be against specific diseases, and some will exclusively address major risk factors like obesity, junk food and tobacco consumption. The World Health Organization (WHO) only recognizes cardiovascular, cancer, diabetes and chronic lung ailments as...

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