The Indian media have grown rapidly in scale, reach, influence, and revenues. But all stakeholders must realise that the ethical underpinning of professional journalism in the country has weakened and that the corrosion of public life in our country has impacted journalism. So what needs to be done? We have been witness in recent years to rapid, and unprecedented, changes in our society, economy, and polity. These have also transformed the...

The Centre on Friday vented its strong opposition to what it termed the judiciary taking over the executive's function and moved the Supreme Court seeking recall of the black money order to oversee a probe that includes alleged hawala operations of Hasan Ali Khan and Kashinath Tapuria. "The order completely eliminated the role and denuded the constitutional responsibility of the executive which itself is answerable to Parliament," the UPA government said,...

-Reuters   Red-hot food inflation that has vexed policy makers around the world seemed to take a breather last month, when corn and wheat prices tumbled on reports that crop shortages were easing. The sell-off was also driven by global economic worries that prompted funds to exit grains in droves. But prices are climbing again, and have already made up half of June's losses. The sell-off masked an unnerving reality: The world remains...

Kolkata : Mamata Banerjee’s announcement banning the acquisition of land by any government department or agency for industry has grounded over a dozen key industrial parks across the state. These projects, in various stages of progress — and in which land acquisition was on — account for a committed investment of Rs 50,000 crore. The announcement — underlined by the state Industries and Finance Ministers — has stunned industry and so...

One lives to learn — or unlearn. The working head of what passes for this country’s Planning Commission is unambiguous about it. One important measure to fight inflation, he believes, is to raise prices. That is to say, to stop prices from rising, you must first raise prices. The gentleman has heartily endorsed the recent serial increases in the prices of petroleum products since such increases will, in his view,...