-The Telegraph The New York Times has reported that Wal-Mart, the US-based retail giant, hushed up an internal investigation sometime after the company was told of a bribery campaign to obtain licences and facilitate rapid expansion in Mexico. Some of the alleged instances of bribery are certain to ring a bell in India where it is not too difficult to bend rules for a price. The New York Times said its “examination...
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Microfinance institutions escape charge of abetting suicide of clients-M Suchitra
In 2010, Andhra Pradesh witnessed a series of suicides. These were not cases of farmers' suicides—a regular occurrence in the state which continues to be in the grip of an agrarian crisis. The victims in these cases happened to be the poorest of the poor; most of them illiterate dalits and adivasis. The first information reports (FIRs) of the police reveal that most of the suicides were due to coercive...
More »The Raja Who Stole From The Poor-Ashish Khetan
As food and civil supplies minister in the previous SP regime, Raja Bhaiya swindled Rs 100 crore from the PDS. As he presides over the food ministry once again, Ashish Khetan exposes the shocking loot A LITTLE MORE than a month ago, Akhilesh Yadav, chief minister of Uttar Pradesh, earned a landslide victory on the idea of hope: Ummeed ki cycle. He had promised clean governance and a corruption-free government. When...
More »What hit this land of plenty?-Sai Manish
75% of the youth. Every third student. 65% of all families in Punjab are in the throes of a sweeping drug addiction. With little or no hope in sight. THE RAILWAY barrier in Angarh, a locality in the border city of Amritsar in Punjab signals the end of too many things. The rule of law. The reign of sense. The fear of crime. The signs of normality. Even the divisions of...
More »Cut in NREGA allocation may hit FMCG firms-Meghna Maiti
The reduced allocation to the UPA government’s flagship rural programme NREGA could see revenue growth in the FMCG sector falter. Consumer staples firms have been relying on rural demand growth to bolster their top line but the reduced allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) for the financial year 2012-13 could see growth in FMCG sales in rural areas being crimped feel industry experts. Finance minister Pranab...
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