The power of judicial review envelopes natural resource distribution The tsunami created by the 2G spectrum judgments of the the Supreme Court last week has almost mopped up the ripples they made in the legal sphere. However, they deserve respectful consideration for their discussion on two hot issues that have been agitating public mind in recent years. The first is the nature and ownership of natural resources, like air waves and spectrum,...

The Supreme Court verdict cancelling all the 122 telecom licences that jailed former telecom minister A Raja had issued to eight firms in 2008 has unexpectedly opened up a new window that can help the government earn up to Rs 75,000 crore. The revenue raised from the fresh auction of spectrum freed up after last week's SC ruling will come as a welcome relief for the government that has been struggling...

Central pension plan NPS finally gets a boost The ‘New’ NPS     Measure: Improve incentives for distributors. Has been recently implemented.     Impact: Was required. But won’t be enough, need consumer education to build volumes.     Proposal: Increase fund management fees with an option to lower later.     Impact: Under consideration. But finance ministry unhappy with increase in costs.     Proposal: Relax the norms to appoint more fund managers to increase distribution.     Impact: Unlikely. At...

-Live Mint This week marks the completion of six years of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Six years is not a long period of time for any meaningful evaluation of a programme of such nature. However, even within this short period of time, the programme has attracted considerable attention. One part of this is the criticism of how the programme involved considerable leakages, did not create productive...

Valley’s youth say peaceful political protests are the most effective means for achieving political aspirations. Estrangement from India is matched by the lack of interest in Pakistan In 2010 the Ministry of Home Affairs had commissioned a focussed survey on the priorities and aspirations of Kashmir’s new generation, which had spearheaded the long spell of unrest, and found that 54 per cent of them identified “Azadi” as their preferred “final status...