Spewing summit The Copenhagen summit will generate more carbon emissions than any previous climate conference, equivalent to the annual output by 2,300 Americans or 660,000 Ethiopians. Delegates, journalists, activists and observers from almost 200 countries have gathered at the December 7-18 summit and their travel and work will create 46,200 tonnes of CO2, most of it from their flights to Copenhagen. This would fill nearly 10,000 Olympic swimming pools. The calculation includes...
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Satyam Computer Fraud Grows to $2.5 Billion by Nandini Lakshman
Eleven months after B. Ramalinga Raju, the former chairman of Hyderabad-based Satyam Computer Services, confessed to masterminding a $1.2 billion fraud at Indias fourth largest I.T. outsourcing company, the dirt is still tumbling out. On Nov. 24, the country's Central Bureau of Investigation (CBI) released findings that show the alleged fraudulent accounting and embezzlement was far larger than originally thought. Raju and nine accomplices skimmed some $2.5 billion from the...
More »Faring well
AMIT KUMAR must be one of the few bankers in the world turning away depositors. The manager of a village bank in the Indian state of Rajasthan, he was reluctant to take a cheque for 1m rupees ($21,200) from the elected head of the village, or sarpanch. The cheque was meant to pay hundreds of villagers for their work under India’s National Rural Employment Guarantee Act (NREGA), which guarantees 100...
More »Money For Nothing by Tushaar Shah
There is a growing chorus of views - representing some very influential writers in India and elsewhere - in favour of direct cash transfer into poor people's bank accounts as a more efficient social security net than the National Rural Employment Guarantee Scheme (NREGS). Economist Arvind Panagariya has called direct cash transfer ''the least costly policy to give immediate relief to the poor". Having returned from a series of field...
More »Civil Society Questions Anti-Naxal Operations
A fact finding team of many civil society organizations has reported widespread occurrences of murders, tortures and cases of police atrocities in Chhattisgarh in the name of combating Naxalism. It is also being alleged that in the name of their own security, journalists are being stopped from going to so called “combat zones” where security forces have launched an Operation Greenhunt to flush out armed Maoists. Fifteen members of the...
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