For a man who’s been in the pharmaceutical business all his working life, advocating clean drinking water across the country might seem like a bad business idea. In fact, its health fallout could put me out of business. But there are times when one has to think beyond the balance sheets. Water is one issue that excites passion, yet we give very little thought to it. Those who have seen...

The state government is contemplating building multiplexes in some selected gram panchayats to make urban entertainment available to the rural populace. Provisions starting from video parlours to indoor games, community halls and auditoriums will be available in these rural multiplexes. Besides, there will be at least 40 shops in each of the rural multiplex, which will be built on public-private partnership (PPP) mode. The proposal was discussed at a meeting chaired by...

The aftershock of the global financial crisis threatens to deprive millions of children in the world’s poorest countries of an education, the 2010 Education for All Global Monitoring Report warns. With 72 million children still out of school, a combination of slower economic growth, rising poverty and budget pressures could erode the gains of the past decade. “While rich countries nurture their economic recovery, many poor countries face the imminent prospect...

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...

There is every sign that India is launching into a period of rapid urbanisation. In the next 30 years, an additional 350 million people will have to be accommodated in our existing towns as well as in brand new urban spaces. Given our inability to cater to even the existing urban population, there are serious concerns about our ability to deal with the influx. Are we entering a world of...