-Tehelka The sentencing of Wall Street wizard Rajat Gupta in the historic insider trading case has led to the fall of a one-time icon for many Indians “This is where destiny is taking me.” This is what former Goldman Sachs Group Inc director, Rajat Gupta, told old friend Pramod Bhasin, as he sat with a glass of scotch in hand, in a mid-town bar in New York. Little did Gupta know how prophetic...
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True Progressivism
-The Economist A new form of radical centrist politics is needed to tackle inequality without hurting economic growth BY THE end of the 19th century, the first age of globalisation and a spate of new inventions had transformed the world economy. But the “Gilded Age” was also a famously unequal one, with America’s robber barons and Europe’s “Downton Abbey” classes amassing huge wealth: the concept of “conspicuous consumption” dates back to 1899....
More »Government breaks secrecy barrier on cyber security -Shalini Singh
-The Hindu Cyber security threats have recently emerged as the new defining security challenge in a networked global Internet economy. This explains why National Security Adviser Shivshankar Menon and his deputy Vijay Latha Reddy Reddy are focussed on engaging the private sector. Like others with similar responsibilities, the national security administration is more deeply concerned about security breaches and attacks through computers, mobiles and other devices than a physical act of war,...
More »Muslims need quota more than Hindu OBCs: IIM-A study -Anubhuti Vishnoi
-The Indian Express An IIM-Ahmedabad analysis of education and employment amongst Muslims in the country has concluded that the minority community has a higher perception of “unfairness” and “discrimination” and that Muslims have, in fact, a stronger case for reservations than the Hindu OBCs. Incidentally, a Central government notification in December 2011 to effect 4.5 per cent minority quota in Central educational institutes was stayed by the Andhra Pradesh High Court earlier...
More »For richer, for poorer-Zanny Minton Beddoes
-The Economist Growing inequality is one of the biggest social, economic and political challenges of our time. But it is not inevitable, says Zanny Minton Beddoes IN 1889, AT the height of America’s first Gilded Age, George Vanderbilt II, grandson of the original railway magnate, set out to build a country estate in the Blue Ridge mountains of North Carolina. He hired the most prominent architect of the time, toured the chateaux...
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