India's federal home minister has said he is ready for "serious negotiations" with Maoist rebels. P Chidambaram said the rebels were not "terrorists" and had raised "serious issues" about the lack of development. Last month, the minister said security forces were getting ready to launch a massive offensive against the rebels. The rebels are fighting for communist rule in many Indian states. More than 6,000 people have died during the rebels'...

The National Alliance of Peoples’ movement (NAPM), an organization of dozens of grassroots movements and civil society groups all over India, has expressed full solidarity with noted Gandhian Himanshu Kumar of Vanvasi Chetna Ashram demanding restoration of peace and just governance in Chhattisgarh. Himanshu Kumar has gone on an indefinite hunger strike at Dantewada in Chhattisgarh from Saturday December 26 amidst reports of government’s preparation to launch an all out...

One year on from the aborted Satyam-Maytas deal that eventually paved the way for Ramalinga Raju’s sensational confession of fraud some weeks later, the government finally seems to be getting serious about Corporate Governance reform. The revelation of accounting fraud at Satyam unfortunately distracted attention from more fundamental issues relating to good Corporate Governance, particularly the role of company boards. But now, the government is set to release a new...

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...

Business lobbyists complain that a regulatory tsunami is on its way. But some firms are embracing the proposed reforms “WHEN people hear the word regulation, they feel stifled, delayed, and many times they believe that government is being intrusive,” said Hilda Solis, America’s labour secretary, on December 7th as she unveiled plans for 90 new regulatory initiatives to improve the lot of workers. If you doubt her word, try mentioning regulation...