This is the season to count blessings. India's greatest blessings are its adherence to the democratic system of governance, an independent judiciary, a free and fearless media, and an Election Commission that inspires confidence. I hope that soon India will have an independent and effective Lokpal, which will pave the way for a corruption-free India, a pre-requisite for a hunger-free India. The other major paradigm shift observed in recent years is...
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FDI policy: Indian consumers should have more choice by Nirmalya Kumar
Most developing countries have a love hate relationship to foreign investment. They love the jobs that it creates, the technology that it accompanies, the additional choices that it provides, and the local millionaires/billionaires it creates through creative phased restrictions. On the other hand, since many developing countries have a colonial heritage, and cash is concentrated amongst developed world MNCs, the host are wary of it. The more nationalistic elements within a country...
More »Inclement in Durban
-The Hindustan Times Had the world's leaders decided to ensure that global warming would increase to 3 to 4 degrees Celsius, perhaps to 5 degrees Celsius, instead of the 1.5-to-20 degrees Celsius threshold (over preindustrial temperatures) that scientists believe earth can tolerate, they couldn't have acted more purposively than they did at the Durban climate conference. If this sounds like a harsh judgement that radically differs from the official spin that...
More »$128 billion siphoned out in a decade by Subodh Varma
-The Times of India Even as the country continues to witness a campaign for a strong anti-corruption watchdog, a report has calculated that between $104 billion and $128 billion (roughly Rs 5 to 6 lakh crore) was illegally siphoned out of India in the decade spanning 2000 to 2009. This works out to an average outflow of about $10-13 billion (Rs 48,000 to Rs 63,000 crore) every year. The report has been prepared...
More »In the year and now by Ramachandra Guha
The Republic of India has a billion (and more) citizens who, at any given time, are involved in a thousand (and more) controversies. Knowing which controversy is the most significant is always hard, and often impossible, to judge. Even so, we can be fairly certain that 2011 will go down in Indian history as the year of the Great Lokpal Debate, just as 1962 was the year of the war...
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