The Unique Identification Authority of India is already seeing a massive explosion for bank accounts among people enrolling for Aadhaar or the unique IDs issued by the authority, its chairman Nandan Nilekani said. Some 80% of people enrolling for the IDs want bank accounts, he said at a lecture here organised by the Indian Institute of Banking & Finance on Thursday. “If we are able to provide every such person with...
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The cosy world behind the tapes by Vidya Subrahmaniam
The public face of the journalist is of a brave, feisty adversary to the rapacious establishment, not the party animal who will wilt before the charms of the corporate lobbyist.To succeed, a politician has to keep his ear to the ground. Yet success can be cruelly destructive; it is so deceptively flattering that it eventually insulates him from the very thing that has made him a success: public opinion. For...
More »Anatomy of Indian capitalism by Himanshu
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,...
More »The Brave New World of the Glass House by Prabir Purkayastha
What does the Niira Radia tapes, Wikileaks and whole body scanners have in common? It is the end of privacy both for the public individual or the private one. For the public individual, every thing that they speak or write can now be put in public domain. A quarter of a million cables from US Embassies around the world, some of them marked highly confidential are now public. So are...
More »Why Govt. NO to JPC? by Mohan Sahay
Why the UPA Government is afraid of a Joint Parliamentary Committee probe into the 2G Spectrum scam? The different arguments being advanced are removed from the real reason behind the government’s refusal to accept the Opposition demand to constitute a JPC.The report of the JPC is not mandatory- it is not binding on the government to take action on the basis of the report. Earlier JPC reports on Bofors or...
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