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Wisdom of crowds

-The Indian Express It made a wan sight — the expanse of Mumbai’s MMRDA ground, the site for the next phase of Anna Hazare’s “second independence struggle”, looked even larger because of the small crowd pressing into the centre. Less than a tenth of the numbers expected actually showed up. What a change from a few months back, when Team Anna seemed to be the unstoppable force that collided with the...

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Too little, too late by Harsh Mander

If we get it right, the Food Security Bill carries the potential to alter the destinies of millions of India's poor and disadvantaged people, by assuring them as a legal right sufficient food to live with dignity. It was approved by the Cabinet after over two years of intense, sometimes fractious debate. Opinion in the Cabinet itself was reportedly divided around the proposed law. Gaping divisions persist, even as the...

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$128 billion siphoned out in a decade by Subodh Varma

-The Times of India   Even as the country continues to witness a campaign for a strong anti-corruption watchdog, a report has calculated that between $104 billion and $128 billion (roughly Rs 5 to 6 lakh crore) was illegally siphoned out of India in the decade spanning 2000 to 2009. This works out to an average outflow of about $10-13 billion (Rs 48,000 to Rs 63,000 crore) every year. The report has been prepared...

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Anna poll plan raises questions of ethics: CEC

-PTI Asserting that Team Anna’s proposal to campaign against the Congress in the Assembly elections in five states raised questions of “propriety and ethics”, Chief Election Commissioner S Y Quraishi on Sunday said anything that came in the way of free and fair elections was not acceptable. “We don’t have any problem because in a democracy they have a right to oppose or support anybody. It should not be in violation of...

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Central fund to buy equity in Dalit firms likely

-The Times of India   Dalit Venture Capital Fund is the next big idea as the Centre looks to roll out 'procurement quota' in government purchases from small and medium enterprises (SMEs). The Fund would seek to buy equity in Dalit companies to provide capital support as investment. The Centre is mulling creation of a special purpose vehicle or a capital support system to help develop entrepreneurs among scheduled castes and tribes. The...

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