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Maoism at Its Nadir: The Killings in Bengal by Vijay Prashad

Violence in West Bengal’s western districts has reached crisis proportions. Each day, one or more cadre member or sympathizer of the Communist Party of India (Marxist) [CPM] is killed either by Maoists or the Trinamul Congress (TMC). The Maoists have found common cause with the TMC, a breakaway from the Congress Party in Bengal. Mamata Banerjee, whose authoritarian populism draws from both Juan and Evita Peron, leads the TMC. Backed...

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How Bihar can rise as a developed state by Kailash Nautiyal

It is presumed that the industrial development in Bihar is hampered by lack of investments. Is it because of 'unproductive' government policies or an unpredictable law and order situation? And how to increase the flow of investment in the state? In order to find out answers to all such questions and debate these issues, Business Standard Hindi recently organised a roundtable in Patna. The seminar was attended by various small...

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Bonus Excesses and Outrage by Jaimini Bhagwati

Government and regulators need to focus on the systemic risk engendered by excessive compensation. As calendar year 2009 draws to a close, it is bonus season for the financial sector in the West. In the last several months, the need to cap bonuses and compensation packages has been extensively discussed in the context of limiting the future impact of the next financial sector breakdown. On December 9, 2009, the UK was...

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Textbook titan who redefined economics by Michael M Weinstein

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...

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Right to Food: Too Little Too Late?

Is drought being used as an excuse to delay the national Food Security Act? An informal network of organizations and individuals involved in the Right to Food Campaign believe so. The campaign groups are demanding that a national consultative process on an improved draft bill must be started immediately so that the proposed Food Security Act could be passed as soon as possible. The campaigners also demand that exports of...

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