Kolkata Consulate: His candidacy 'could offer a possible out from the Hasina-Zia zero-sum game' Muhammad Yunus, the Nobel Peace Prize winner known in particular for his microfinance initiatives in Bangladesh, appeared to have been aware of the risks and consequences of a move he made to enter the country's politics. He told Henry Jardine, the U.S. Consul General in Kolkata, that he was aware of the “potentially bruising response” it would...
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Bribes: a small but radical idea by P Sainath
To ask a people burdened with systemic bribery to accept bribe-giving as legal is to demand they accept corruption and the existing structures of power and inequity it flows from. Let's get this right. The Chief Economic Adviser to the Ministry of Finance, Government of India, wants a certain class of bribes legalised? And says so in a paper titled “Why, for a Class of Bribes, the Act of Giving a...
More »Bonus turns bane for MP's farmers by Rukmini Shrinivasan
As Madhya Pradesh begins to harvest a bumper wheat crop, the state is finding that measures put in place to ensure that the powerful do not game the system are having the unintended effect of keeping out the most marginalised. In anticipation of a bumper harvest, the MP government announced a Rs 100 bonus that it would pay wheat farmers above the central government-fixed Minimum Support Price of Rs 1,120. "It...
More »Bhushans get two prime plots from Mayawati govt for a song by Ritu Sarin
The political class may be evil and corrupt but that’s whom Shanti Bhushan and his son Jayant Bhushan turn to when they want a farmhouse each — for a song. In his declaration of assets last week, Shanti Bhushan, also co-chairman of the drafting committee of the Lokpal Bill, mentioned a 10,000 sq m farmland plot in Noida. What he did not mention was the discretionary manner in which the Mayawati government,...
More »Satyam auditing not the only slip-up in India, admits Price Waterhouse India by John Samuel Raja & Sangita Mehta
Five audit firms of Price Waterhouse India have admitted to the US markets regulator, the Securities and Exchange Commission (SEC), that deficiencies in their auditing process were not restricted to Satyam Computer , but extended to other companies audited by them in India as well. This disclosure by PW India is in two documents released by the SEC on April 5 while concluding its findings on the Satyam accounting fraud case....
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