-The Financial Express A forensic report prepared for the Serious Fraud Investigation Office (SFIO) shows over a third of India's top 500 companies, including those in the top 100, are "managing" their accounts. It finds that companies where promoters hold more than 50% of total shareholding are more likely to take such steps to impress markets with their performance. Both domestic companies and subsidiaries of multinationals listed in India show similar trends...
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A lesson on land acquisition -CP Chandrasekhar
-The Hindu The parliamentary stand off over the Indian government's effort to ease procedures to acquire land for "public purposes" continues, with the government deciding to re-promulgate the ordinance amending the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. Besides concern about the impact that this would have on the farming community and those dependent on it, another cause for the controversy is the...
More »Land Acquisition Bill: Missing the big, bleak picture -Sanjay Kumar & Pranav Gupta
-The Hindu With the Land Acquisition Bill in the limelight, nobody is talking about the real reforms that farmers need. A major survey finds that almost half the respondents don't want to continue with agriculture. The unseasonal rains over the last few weeks have resulted in enormous loss of crop output across many States of North India. This has shifted attention from the issue of land acquisition to other important problems faced...
More »What the states got right -Dhanmanjiri Sathe
-The Indian Express The pace of land acquisition, which has been taking place in India since Independence, increased after liberalisation. In more cases than not, it has been successful, that is, both buyer and seller have been satisfied with the outcome. But today, land acquisition is being portrayed as next to impossible. This perception is not based on reality and needs to be changed. The farmer is wrongly being portrayed as...
More »The ‘greatness’ of a ‘landmark’ judgment -Peter Ronald deSouza
-The Hindu The supporting props offered for the striking down of Section 66A diminish the arrogance of government and reinstate the ‘genuine' rule of law. Reading the judgment, one is tempted to ask this question: Is it a landmark judgment or just a great one? To appreciate the difference between "great" and "landmark", it is necessary to begin with some very fine distinctions. A great judgment is one that restores the constitutional...
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