The new joke on Dalal street is that gold prices are soaring, not because of increased demand in the US, India and China, but because Shilpa Shetty has bought half the gold in India for her wedding dress! Jokes apart, the yellow metal has hit headlines recently because of its spectacular rise. Prices have spiked as investors now prefer gold to the weakening US dollar. The US economy has lurched...

The novelist and critic, C.S. Lewis, said he had no time for those who thought that since they had read a book once, they had no need to read it again. The great works of literature were to read again and again. The urge to go back to a book was prompted sometimes by aesthetics, the desire to savour once more its artful or elegant prose; and, at other times,...

Since state financial corporations are set up to encourage the establishment of industries by providing loans on liberal terms, the recovery of debts from chronic defaulters is seen by courts from two angles. One is that public money is lent for starting private enterprises and, therefore, the financial institutions should be tough on the debtors. The other approach is that these units benefit the public and, therefore, the endeavour should...

There has been uproar in southern India's Andhra Pradesh assembly in protest against the government's decision to create a new state. Lawmakers have shouted slogans against the decision to carve out a new state of Telangana in its north. An estimated 35 million people will live in the new state, Telangana. Separately, a four-day strike called by a regional political party demanding a separate state has begun in India's tea-producing Darjeeling...

At a time when there is growing concern about the causes of increasing discontent and alienation among tribals, it is important to recall a very important law for improving the governance of the Scheduled Areas in such a way as to protect the interests of tribals. The reference here is to the Panchayats (Extension to Scheduled Areas) Act 1996 (briefly called the PESA law). If this Act had been properly...