India has lost nearly a half-trillion dollars in illegal financial flows out of the country, says a new study by Global Financial Integrity. India is losing nearly Rs.240 crore every 24 hours, on average, in illegal financial flows out of the country. The nation lost $213 billion (roughly Rs.9.7 lakh crore) in illegal capital flight between 1948 and 2008. However, over $125 billion (Rs.5.7 lakh crore) of that was lost in...
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Obama Visit and Indian Agriculture: Profit Surge for American MNCs and Peril for Indian Farmers! by Vijoo Krishnan
A lot has been said and written about the visit of Barack Obama, the President of USA to India. The corporate media was in the usual over-enthusiastic drive to bring to its readers and viewers all minute details about his visit from where he stayed and what he ate to how many warships, planes and cars accompanied him and how a whopping $200 million was spent per day for the...
More »Men in khaki, pull up your socks
Here’s confirmation for something most people already know.Almost three out of four Indians (73%) are unhappy with policing in their local areas. Then, more than half of Indians (53%) believe Maoists are the biggest threat to India. In comparison, only 32% view cross-border terrorism as the most potent threat facing this country. And yes, a large majority (68%) think the government isn’t doing a very good job of combating the red rebels. A...
More »Regulator for biotech to be supervised by govt panel
The performance of the upcoming biotechnology regulatory authority of India (BRAI), would be supervised by an inter-ministerial governing board, even though the time frame in which the regulatory body would come up is not clear. This is a clear deviation from the previous stance, which conceptualised the setting up of the regulatory body under the direct control of the department of biotechnology. “The Bill provides for setting up of inter-ministerial governing...
More »India elected on UN Women's board, Iran's bid fails
India has been elected to the board of a new UN agency to promote equality for women but Iran failed to win a seat due to strong opposition from the US and human rights groups. UN Women is the amalgamation of different United Nations bodies focused on women. It was created this year to look exclusively at gender equality and empowerment of women. The 41-member executive board also includes the US and...
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