In India, agriculture and allied sector is the source of income for over 60% of rural population and its contribution to GDP has been consistently coming down and currently stands at 14.3%. For the Indian economy to grow at the rate of 8-9%, the growth rate of agriculture sector has to be more than 4%. The critical role of agriculture in the economy highlights the need for a larger investment in...
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Pontius Undistilled by Lola Nayar
Liquor baron Ponty Chadha’s mercurial rise is all ‘Maya’ A reclusive liquor baron may seem like an anomaly in these never-ending good times. But Gurdeep Singh Chadha—better known by the moniker Ponty Chadha—fits the bill. Often called “Mayawati’s financier”, the 57-year-old Ponty has been making large (if silent) waves for the political patronage he enjoys in Uttar Pradesh. Any bottle of liquor sold in India’s most populous state goes through his...
More »Govt raises tamper doubt on Radia tapes
-The Telegraph A government report on the Niira Radia tapes that was submitted to the Supreme Court today mentioned discrepancies between the original recordings and the conversations broadcast by the media, suggesting they may have been tampered with. The report was submitted in a sealed cover to the bench of Justices G.S. Singhvi and Asok Kumar Ganguly. It was not made public but Justice Singhvi read out parts of it that said...
More »‘Criminals' and crorepatis in fray in Uttar Pradesh by J Balaji
Political parties shout from rooftops that politics should be delinked from criminals, but a look at their nominees for Phase I of the Uttar Pradesh Assembly elections makes it clear that both are inseparable and, in fact, two sides of the same coin. As many as 109 (out of the 284 analysed) candidates have declared in their affidavits that they are facing criminal cases and 46 of them have been booked...
More »Companies Bill: arrest power for SFIO
-The Financial Express Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today. "SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject...
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