-The Hindu ‘Competitive bidding would favour private players, give rise to monopolies’ Even as the controversy over the Comptroller and Auditor-General’s (CAG) report on coal blocks allocation that reportedly caused a loss of Rs. 1.86 lakh crore to the national exchequer rages, the Communist Party of India (Marxist) has said coal allocations and mining, in future, should be done through the public sector. In an article in party organ People’s Democracy, party general...
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The rising stink in the media business-Vanita Kohli-Khandekar
-The Business Standard An industry capable of bringing down governments has chosen to keep quiet about the creeping corruption in its own backyard You can pay newspapers to get any kind of article published, ditto for news channels. You can fix TV ratings or readership numbers. You can even fix the box-office figures for your film. And if nothing works, you can always entice a media buyer with a cutback to...
More »Tractor sales forecast cut as sowing area drops -Siddharth Philip & Swansy Afonso
-Live Mint Mahindra and Mahindra Ltd, the world’s biggest tractor maker by volume, cut its forecast for sales growth of the farm equipment in India as the worst rainfall in three years delays crop sowing. Mahindra estimates industry sales to expand as little as 2% in the year ending 31 March, Pawan Goenka, president of the automotive and farm equipment division at the Mumbai-based company, said in an email response on Thursday. Goenka...
More »Reforms, competition in distribution and end to coal monopoly only antidotes to power failures-Arvind Panagariya
-The Economic Times The power failure in India on July 30-31 was big news in US media. When the radio and TV stations began calling with the question whether this spelt the end to India's claims to global-power status, my first reaction was to remind them that a similar failure of the grid in 2003 had drowned the entire Northeast and Midwest in the US and Ontario in Canada into darkness. But,...
More »Anna comes down to earth-TK Arun
-The Times of India A middleclass dream that politics can be redeemed by means other than politics has just ended, with Team Anna’s decision to launch a political party and join the fray. Many of his ardent supporters and well-wishers have registered deep disappointment. Anna is becoming part of the problem, they cry. The problem was with the hope that gods out of the machine can serve up deliverance on a...
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