-PTI Corruption in India has worsened over the past year, according to a new study released by transparency international, a Berlin-based anticorruption group. Journal reports according to transparency international's corruption perception index, India scored 3.1 on a scale from zero to 10, where anything below five is bad news. Last year, India scored 3.3. The country's rank is better than Pakistan (No. 134) and Nepal, which at rank No 154 is perceived...
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FDI row: Desperate finance minister, helpless party by Sheela Bhatt
Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks. 'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail. The FDI issue is...
More »Safety priority for nuclear plants by MS Swaminathan
The stalemate in relation to the Kudankulam Nuclear Power Project (KKNPP) continues despite the ‘fail-safe’ certificate issued by former Indian President Abdul Kalam and the central panel of experts headed by A E Muthunayagam. The representatives of the people of that area are still saying, “We will never settle down for anything less than the scrapping of the KKNPP.” Srikumar Banerjee, secretary of the department of atomic energy, has expressed...
More »What’s Wrong and Right with Microfinance by David Hulme and Thankom Arun
Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...
More »Where the right to know can make a difference by Martin Rosenbaum
Most people in the world live in countries with some kind of "right-to-know" law that promises access to various categories of government information. What effect does this have in practice? Not much in many cases, according to a survey released today by the international news agency Associated Press. In an attempt at a global round-robin research exercise, its journalists submitted requests about terror arrests and convictions to 105 states that give citizens...
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