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...
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The grand challenges of Indian science by RA Mashelkar
We need to recognise that there is no intellectual democracy; elitism in science is inevitable and needs to be promoted. The Nobel Laureate Richard Feynman had famously said, ‘the difficulty with science is often not with the new ideas, but in escaping the old ones. A certain amount of irreverence is essential for creative pursuit in science.’ The first grand challenge before Indian science is that of building some irreverence. Our...
More »More than compliance by Pratip Kar
Corporate governance codes work only where firms believe working in a legal, ethical and transparent fashion also means good business. It is not in dispute that good corporate governance is all about commitment of a company to run its businesses in a legal, ethical and transparent manner, and that the tone must be set at the top. But are companies in India convinced that good business is all about good corporate...
More »Gaon Ki Awaaz: Grassroots media finds a voice
Rampur-Mathura (Uttar Pradesh): It is not yet 5 p.m. but the LIGht has started fading in Rampur-Mathura, a village of barely 5,000 people, in Sitapur district. A group of village elders settle down comfortably in wooden chairs around a small fire lit under a tree. It is here that they gather every evening to discuss the day's events before retiring for the night. Until now, the village's busybodies used to keep...
More »Politics of Disability Estimates in India: A Research Note by Vikash Kumar
Introduction The phenomenon of disability is one of the pressing problems in the world. According to the projections of international agencies, about 10 per cent of the population are affected with physical, mental, sensory and other forms of impairments and around 75 per cent of the disabled population are concentrated in the rural and inaccessible areas of the developing societies. This data is based on recent studies carried out in various...
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