The Bangladeshi Supreme Court is set to hear an appeal by Nobel Laureate Muhammad Yunus against a High Court decision to uphold his sacking. Prof Yunus had to stand down as managing director two weeks ago after the authorities said that at 70, he was past the mandatory retirement age. His supporters say it is related to his attempt to enter politics three years ago, a charge the government denies. Prof Yunus told...

Trade unions of all hues join forces in an unprecedented manner and present a charter of demands to the government. IN a rare show of unity, and for the first time since Independence, around one lakh workers affiliated to eight central trade unions and national industrial federations, including the Indian National Trade Union Congress (INTUC) and the trade unions of the Left parties, came out on the streets of New...

There’s no evidence that India’s growing prosperity has led to less malnutrition among Indian children, according to a new study by scientists from Harvard and the University of Michigan. One plausible explanation, the authors wrote, is that India’s rapid economic growth “may have benefited only the privileged sections of society.” Technology jobs have driven the boom, but 75 percent of the population is supported by farming or manufacturing, noted S. V. Subramanian,...

There is a silver lining to the drought that hit India in 2009-10. Although it sapped the country's growth, it led to an almost doubling of physical assets created under the government's flagship rural employment scheme that year. The drought of 2009-10 was the worst that the country had faced in 17 years. As regular jobs in the farm sector dried up, more people sought work under the Mahatma Gandhi National...

The Union budget writes off Rs.240 crore in corporate income tax every single day on average — the same amount leaves India each day in illicit fund flows to foreign banks. In six years from 2005-06, the Government of India wrote off corporate income tax worth Rs.3,74,937 crore — more than twice the 2G fraud — in successive Union budgets. The figure has grown every single year for which data are...