-MoneyLife.in If you were wondering why most of the recent major cases of corruption have not been exposed by opposition parties, especially the BJP, now you have the answer: they are all in it together. I am ready for any inquiry,” repeated Nitin Gadkari on every television channel where he brazenly defended the dubious shell companies and land allotment that propelled the growth of his ballooning ‘social entrepreneurship’. The irony is that Nitin...
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The Dark And The Sublime: The Story Of Rajat Gupta-Shaili Chopra
-Tehelka The sentencing of Wall Street wizard Rajat Gupta in the historic insider trading case has led to the fall of a one-time icon for many Indians “This is where destiny is taking me.” This is what former Goldman Sachs Group Inc director, Rajat Gupta, told old friend Pramod Bhasin, as he sat with a glass of scotch in hand, in a mid-town bar in New York. Little did Gupta know how prophetic...
More »Story in a sentence
-The Indian Express The Rajat Gupta case provokes a question: Could the Indian system handle such a situation as well? Rajat Gupta has got two years in prison for insider trading, a fraction of the term sought by the prosecution. It is a fair sentence, delivered without regard for the multiple pressures that had been brought to bear on this much-publicised case. The handling of the case — among about 60 others...
More »Let The People Choose -Renana Jhabvala
-The Times of India Everyone agrees that India needs to deliver social protection to the aam admi; the forthcoming Food Security Bill is one such attempt. Everyone also agrees that the government service delivery pipelines are riddled with leakages and largescale corruption. Direct cash transfers have been proposed as a way to remedy this defective system. However, as could be expected, the debate has become polarised, with one side believing that cash...
More »Cost hikes in Vidarbha irrigation projects violated rules, reveals probe report -Meena Menon
-The Hindu Maharashtra government was well aware of these irregularities in 2010, but chose not to act The Maharashtra government was well aware in 2010 of the gross irregularities in Vidarbha’s irrigation projects after a damning report by retired Water Resources Secretary Nandkumar Vadnere, who examined 11 major dams, 27 medium ones and 53 small projects as part of a one-member inquiry committee. In the second part of his report, Mr. Vadnere...
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