-The Hindu Property empire was built on soft loans handed out in unusual circumstances, documents show In February, as rumours of the ambitions of Congress president Sonia Gandhi’s son-in-law swirled amidst the heat and dust of the election campaign in Uttar Pradesh, her daughter Priyanka moved to scotch speculation about Robert Vadra’s possible political future. “He’s a successful businessman,” the younger Ms. Gandhi said of her husband, “who is not interested in changing...
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India's 7,730 super rich collectively own $925 bn: report
-PTI However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 bn India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping $925 billion, says a study. According to the world ultra wealth report 2012-13, by Wealth X, a global wealth intelligence and prospecting company, India has 7,730 UHNW individuals, of which...
More »Shadowboxing over coal-Brinda Karat
-The Indian Express A coal mine worker in Jharkhand and an expert on the coal industry called to protest against what he called was the noora kushti (shadowboxing) going on in Delhi. The power of the coal players was earlier seen in Jharkhand politics, he said, but now we see it in Delhi. Our players are small, yours are big and powerful. With the CBI itself unearthing prima facie evidence of...
More »Water Privatisation in Delhi-Raghu
-People's Democracy IT seems the Sheila Dixit government of Delhi, backed by powerful elements in the UPA-2 central government, will let nothing stand in the way of water privatisation in the capital. Several earlier attempts going back many years to fully or partially privatise distribution of water, especially the big loan application to the World Bank in 2005, were foiled by vigilant community organisations, public interest groups, trade unions and political...
More »Getting India’s health care system out of the ICU -Gita Sen
-The Hindu Brazil, Mexico and Thailand have done it. Many countries with a sound understanding of development look at Universal Health Coverage as a vital requirement to achieve it. India is at a crossroads. Introducing UHC in the 12th Plan can transform the lives of Indians, create new jobs and galvanise the economy. Most people would agree that one’s income or caste or gender should not bar one’s ability to get decent...
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