-The Economic Times For many, it is a sense of deja vu. Fifteen years ago, the government and India's financial regulators came under fire after hundreds of crores were cleaned up by a few individuals and entities from gullible investors, who were promised fabulous returns from plantation schemes. In the uproar that followed, the government and the regulators sought to palm off the responsibility of regulation of such schemes on each...
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Aadhaar putting India’s poorest on the map-Clive Crook
-Bloomberg In all likelihood, Nandan Nilekani's Aadhaar will lead the world. Exactly where it will lead, we'll find out People who grew up in Britain in the 1960s will remember a television programme that built a cult following: The Prisoner. It was about an oddly luxurious detention camp-a kind of Guantanamo Bay by Four Seasons, spa services and brainwashing included. Even if you wanted to, trying to escape was pointless. A...
More »‘States have no inherent power to frame mining policy’
-The Hindu Act states regulation of mines and mineral development comes within Centre's purview: SC New Delhi: States have no power to frame a mining policy dehors the Mines and Minerals (Development and Regulation) Act and the Mineral Concession Rules. Reiterating this point, the Supreme Court on Tuesday dismissed review petitions filed by the Centre, JSW Steel Ltd and others seeking review of the September 2010 judgment in the ‘Sandur Manganese and Iron...
More »Independent judiciary and interest groups -Shruti Rajagopalan
-The Hindu Business Line After the 1980s, special interest groups have preferred to knock on the doors of the judiciary. In India today, matters of public interest seem to get their due only when the Supreme Court has added its two cents. Interest groups, representing both general and special interests, petition the judiciary actively. In an era where virtually all institutions in India have been vulnerable to political capture, the judiciary seems like...
More »What has gone, has gone: Mamata Banerjee-Romita Datta
-Live Mint West Bengal chief minister dashes Saradha depositors' hopes of any immediate state-assisted recovery Kolkata: What has gone, has gone," West Bengal chief minister Mamata Banerjee told depositors of the Saradha Group, dashing their hopes of any immediate state-assisted recovery of dues from the floundering units of the group that collected the money. Banerjee launched two separate investigations and promised to introduce a new law to deal firmly with fraudulent financial...
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