Time magazine picked him as one of 100 people shaping our world. Today, he’s held responsible for bringing an exciting, inspirational business into disrepute. Oh, and his wife says he beat her and snatched their son. There could not be a more controversial torchbearer than Vikram Akula for an industry as quintessentially Indian as microfinance, the business of providing the poor with loans, as small as R5,000, secured not with...

Subterfuge is the favourite tool of the corrupt, when caught. That seems to be the case as the Union ministry of commerce and industry proceeds at an elephantine pace in its “inquiry” into the Rs 2,500-crore rice export scam reported in Outlook. Last year, on July 30, Parliament erupted in a furore over the revelation that despite a strict ban on exports, tonnes of 25 per cent broken, non-Basmati rice...

A week after the Union Cabinet gave its nod to a gender empowering legislation that will protect women from sexual harassment at the workplace, another landmark scheme — to provide financial aid to rape victims — could soon be a reality. Decks have been cleared to provide rape victims or their legal heirs with financial aid to ensure "restorative justice" in the form of legal and medical assistance, shelter, counselling...

After Ashok Chavan, it's now the turn of the former Chief Minister, Sushilkumar Shinde, to face trouble for “favours” to the Adarsh Society during his tenure from January 18, 2003 to October 31, 2004, according to a complaint filed on Saturday with the Maharashtra State Anti-Corruption Bureau (ACB). Mr. Shinde has already denied his role in the scam repeatedly. Advocate Y.P. Singh and activist Simpreet Singh told journalists that Mr. Ashok...

Mining companies will have to start paying compensation to project-affected people right from the day a mining block is allocated to them and not when they start generating profits, a proposal that will further sweeten the deal for those who lose their land to industrialisation, but stoke more protest from miners. Once the project starts making profits, the displaced families will be provided an annuity income from the net income, but...