There's not much you can buy in terms of assets for Rs 1 lakh. But two Delhi businessmen gained access to a multi-crore iron ore mine in Chhattisgarh for just this much. On June 2, 2004, two brothers, Atul Jain and Sanjay Jain, pooled together Rs 1 lakh in Delhi to set up a company, Pushp Steel and Mines Ltd. The same day, the company applied for a prospecting licence...

The Lokayukta is the “government’s conscience”, an anti-corruption ombudsman organised at the state-level and born out of a need felt among the country’s statesmen to instill a sense of public confidence in the transparency of the administrative machinery. Legal experts say that the “best and the worst” of the Lokayukta organisation is that the success of the entire mechanism depends solely on the “personal qualities such as the image, caliber, drive,...

With the Delhi High Court keeping an eye on violation of labour laws at Commonwealth Games construction sites, the Delhi government has decided to approach the workers by organising awareness camps. These camps will be organised between May 1 and 7 at all nine districts of the city, the court was told on Wednesday. The workers would be told about their rights relating to wages, safety measures and other beneficial...

Long-term greedy is a term that a Goldman Sachs partner made famous, by way of self-definition . It is as good a description as any of making profits in a sustainable fashion. Lafarge displayed short-term greed when it violated the law in obtaining forest clearance for a limestone mining project in Meghalaya’s Khasi hills, to supply raw material for its own cement plant in neighbouring Bangladesh. It described the mining...

A MARRIAGE hall in Kolkata is packed with 1200 of India’s poorest citizens. They have trekked here from all over West Bengal, from remote forests and dingy alleyways, from Howrah, East Midnapore, South 24 Parganas. They have come because there is a story to tell, a brutal story that may otherwise never be told. Finally, there are people willing to hear. These people may never bring justice; may never be...