One year on from the aborted Satyam-Maytas deal that eventually paved the way for Ramalinga Raju’s sensational confession of fraud some weeks later, the government finally seems to be getting serious about corporate governance reform. The revelation of accounting fraud at Satyam unfortunately distracted attention from more fundamental issues relating to good corporate governance, particularly the role of company boards. But now, the government is set to release a new...

Business lobbyists complain that a regulatory tsunami is on its way. But some firms are embracing the proposed reforms “WHEN people hear the word regulation, they feel stifled, delayed, and many times they believe that government is being intrusive,” said Hilda Solis, America’s labour secretary, on December 7th as she unveiled plans for 90 new regulatory initiatives to improve the lot of workers. If you doubt her word, try mentioning regulation...

Judicial activism has faced several assaults from politicians and bureaucrats ever since the Supreme Court became affirmative. But the sad part is that it has had to also face onslaughts from within. When the public interest litigation movement was in its infancy, a bench of strict constructionists one morning brought up 10 questions that would have choked its growth in coils of conservative interpretation of the Constitution (Sudip Mazumdar vs Union...

What, you may ask, is common between potatoes, tomatoes, brinjal, chilli, datura, tobacco and the deadly nightshade (belladonna)? They all belong to a plant family called Solanaceae. The Solanaceae family contains a number of important agricultural plants as well as many psychoactive and toxic plants. Solanaceae species are rich in complex chemicals called alkaloids and contain some of the most poisonous plants known to mankind. They produce alkaloids in their...

In a clear message to Maoists, Prime Minister Manmohan Singh said on Wednesday that no sustained economic activity is possible under the shadow of gun in tribal areas where decades of alienation is taking a "dangerous" turn. He said there has been a "systemic failure" in giving tribals a stake in the modern economic processes and emphasised that the "systematic exploitation and social and economic abuse of our tribal communities...