There is clearly a direct trade-off between exploitation of natural resources and conservation of environment and human habitat . In the past, due to lower environment consciousness, the trade-off was always decided in favour of exploitation. This is deplorable. Yet, environmental fundamentalism can also exact a high cost that will prevent a number of people to remain without access to basic necessities of life. This apparently intractable trade-off has to be resolved....

Advocates of liberalisation argue that by reducing state intervention and increasing transparency economic reform reduces corruption. Recent allegations of corruption suggest that this may not be true. In a season for scandal, allegations of large scale corruption have captured political India's attention. The instances to which such allegations relate are many, varying from the sale of 2G spectrum and the mobilisation and/or disposal of land and mining resources to purchases made...

There's not much you can buy in terms of assets for Rs 1 lakh. But two Delhi businessmen gained access to a multi-crore iron ore mine in Chhattisgarh for just this much. On June 2, 2004, two brothers, Atul Jain and Sanjay Jain, pooled together Rs 1 lakh in Delhi to set up a company, Pushp Steel and Mines Ltd. The same day, the company applied for a prospecting licence...