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Hazare effect by V Venkatesan and Purnima S Tripathi

Anna Hazare's fast puts Jan Lokpal on the nation's agenda, but doubts remain whether it will help root out corruption. A FUTURE historian who browses the archives of Indian newspapers and news websites from April 5 to 10 will be confused over how to characterise the groundswell of public support across the country for the “fast unto death” undertaken at Jantar Mantar, in New Delhi, by a social activist not...

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Time to look at renewable energy by Praful Bidwai

The Jaitapur nuclear power project has drawn blood even before its boundary wall is ready. One person was killed in police firing on Monday, which by all accounts was unnecessary to disperse peaceful protesters. There was arson in Madban, at the site’s centre, which gutted some grass and a part of a tiny makeshift shed belonging to the Nuclear Power Corporation of India. The police went berserk and intruded into...

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New draft of MFI Bill to give more teeth to RBI by Dinesh Unnikrishnan

The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...

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Growth as tool to alleviate poverty

The Prime Minister's focus on double-digit growth is not due to any ‘growth mania'. It is for the benefit of the poor. At a recent function for police officers, the Prime Minister observed: “If we don't control Naxalism, we have to say goodbye to our country's ambition to sustain a growth rate of 10 to 11 per cent per annum.” Some commentators (like Prof Prabhat Patnaik of JNU) interpret this (in a...

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Court Challenges Dubious Environmental Impact Reports by Ranjit Devraj

India’s Supreme Court has questioned clearances to industries on the basis of environment impact assessments (EIAs) carried out by private consultants in the pay of project proponents. A special bench of the court led by Chief Justice S.H. Kapadia, that is hearing a petition challenging approvals granted to the French company Lafarge to mine limestone, likened the practice to "paying the piper to call the tune." Kapadia’s bench noted that every report...

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