When we hear the word innovation, we often think of new technologies or silver bullet solutions — like hydrogen fuel cells or a cure for cancer. To be sure, breakthroughs are vital: antibiotics and vaccines, for example, transformed global health. But as we’ve argued in Fixes, some of the greatest advances come from taking old ideas or technologies and making them accessible to millions of people who are underserved. One area...
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2010: Action-packed year for Environment Ministry
The Environment and Forests Ministry was in news throughout 2010 -- be it for Vedanta Resources, Posco and Lavasa -- or for Jairam Ramesh's aggressive green activism. While the ministry rejected the green signal to Vedanta for its $1.7 billion project to mine bauxite in the Niyamgiri Hills of Orissa noting that the company violated the environment and forests rules, it put the $12 billion project by South Korean steelmaker Posco...
More »Manmohan says knowledge, not army might, determines a nation's strength
Right to Education a special achievement of our government: Prime Minister Prime Minister Manmohan Singh on Thursday said making education a fundamental right was one of the special achievements of his government. “If there is one initiative that our government has taken in these six and a half years in office I consider really special, it is the Right to Education that has now been enshrined in our Constitution,” he said,...
More »Environmentalists petition Nitish to stop asbestos factory by Shoumojit Banerjee
An uneasy calm has descended over the village of Bishnupur-Chainpur, currently a hotbed of passionate agitation against a proposed Rs.31-crore asbestos factory to be set up by the Kolkata-based Balmukund Cement and Roofing Ltd (BCRL). As the impasse between the village residents and the company management continues, environmentalists and asbestos experts over the world are petitioning Chief Minister Nitish Kumar to firmly consign the “killer dust” jinn back into the bottle. On...
More »Anatomy of Indian capitalism by Himanshu
Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...
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