Well-known PR firms, professional designers, and ad agencies served the richer parties and candidates. They made up “news” items in the standard fonts and sizes of the desired newspapers and even “customised” the items to make them seem exclusive in different publications.  So you thought you’d had enough of Page 3? Newspapers in Maharashtra think otherwise. Some of them had more than one, on several days during the recent state...

Shocked by the “pernicious practice” of publishing “paid news” by some newspapers and television channels – particularly during the recent elections – the Editors Guild of India has strongly condemned this practice, “which whittles down the foundations of Indian journalism.” Taking cognisance of “paid news” at its Annual General Meeting (AGM) on Tuesday, the Guild said: “Both the media organisations and editors who indulge in it, and the customers who offer...

The food price inflation in India, measured by the wholesale price index of food items, touched a 10-year high for the week ended November 28, 2009 when it crossed 19% on point-to-point basis over the corresponding week a year ago. The cereal prices were up by about 13%, but pulses are up by 42%, and vegetables by 31%, although potato prices shot up by 102%. This is getting way beyond...

After dedicating most of 2009 to jump-starting financial markets through stimulus packages, developed countries are now turning their attention to reforming the basic architecture of those markets, especially the incentives for risk-taking. In a major step towards regulating systemic risks, the United Kingdom last week announced a one-off 50 per cent “super-tax” on bankers’ discretionary bonuses exceeding £25,000. The move could raise £550 milli on, which would be used to...

The Rajya Sabha on Wednesday passed by voice vote the contentious Essential Commodities (Amendment and Validation) Bill, 2009, (sugarcane pricing Bill) after the Central Government assured the House that State governments would not be required to pay the difference of the Fair and Remunerative Price (FRP) for sugarcane set by the Centre and the State Advised Price fixed by the States. On persistent requests by opposition members led by Venkiah...