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“People will not buy Sibal's argument”

Accusing Union Telecom Minister Kapil Sibal of “trying to whitewash” the 2G spectrum allocation scam, Communist Party of India (Marxist) general secretary Prakash Karat on Sunday said that the people of India would not buy the Minister's argument that the Comptroller and Auditor-General's (CAG) finding on the loss of Rs.1.76 lakh crore was “utterly erroneous and without any basis.” “Now we understand why Kapil Sibal has been put in charge of...

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Manmohan says knowledge, not army might, determines a nation's strength

Right to Education a special achievement of our government: Prime Minister Prime Minister Manmohan Singh on Thursday said making education a fundamental right was one of the special achievements of his government. “If there is one initiative that our government has taken in these six and a half years in office I consider really special, it is the Right to Education that has now been enshrined in our Constitution,” he said,...

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Nandy gets riot relief

The Supreme Court today stayed a Delhi High Court order that had refused to quash a criminal case slapped against political commentator Ashish Nandy for an article on the Gujarat riots. It also issued notices to the Gujarat government on an appeal filed by Nandy against the high court order that dismissed his plea for quashing the case registered against. The high court had asked Nandy to defend himself in a lower...

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Lessons for micro-finance from 2010 by Subir Roy

The year 2010 was a tumultuous one for micro-finance institutions (MFIs) in India. It began with the highly successful SKS Microfinance public issue, which prompted other prominent MFIs to announce similar plans. It ended with the tumult in Andhra Pradesh which was marked by the state’s legislation to regulate the sector, severely impairing its ability to survive. MFI recoveries are down and they, in turn, have fallen behind in their...

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Paranjoy Guha Thakurta, journalist interviewed by Krishnakumar Padmanabhan

Hidden behind all the administrative scandals that rocked India in 2010, illegal mining is an unnoticed beast that has been eating into the country's soul.   While corruption in spectrum allocation and the conduct of the Commonwealth Games are primarily about monetary loot, illegal mining is about invaluable non-renewable natural resources.   In at least five major states, there were more than 20,000 complaints of illegal mining filed, but the perpetrators carried on with...

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