The philosophy of self-aggrandisement defies social logic. Seven leading banks in the United States of America had last year incurred an aggregate loss of $82 billion; the chief executive officers of these banks nonetheless claimed and collected annual bonus to the extent of $38 billion. The economy might lie in ruins; that did not distract sharks from zooming in on their prey. Our corporate sector has shaped itself in the...

Each time I complain about the influence of dynasty on Indian politics, I get the usual responses: we are a democracy so if people vote for the sons and daughters of politicians, how can you complain? Or: in India, everything from business to movies is about dynasty so why should politics be any different? And so on. I do not deny that there is some merit in the response. But...

The trade union leaders say workers will not stop work, but will attend the demonstrations before or after their shifts Millions of workers will be on the streets across India on Wednesday, picketing and holding rallies to protest rising prices and job losses, officials said, though there may be little impact on production. Four major trade unions, including those affiliated with the ruling Congress party and those with the opposition...

A prolonged dry spell has left the epicentre of farmer suicides in crisis again Yavatmal: Recent rains have given Vidarbha a fresh look, but they have done little to ease the misery of thousands of farmers in these districts at the eastern edge of Maharashtra as they live with the reality of parched fields and mounting debt. As election fever grips the state, farmers in Yavatmal and nearby districts swear...

The Indo-Asean FTA provides an opportunity to be more engaged with the region This is an important week for Prime Minister Manmohan Singh. Over the weekend, at the Fourth East Asia Summit in Thailand, he will witness the final fruition of the second most important foreign policy initiative he took during his first term in office — the India-Asean Free Trade Agreement. This should ensure he will be in better...