The audience, organisers, and fightersknow that sham wrestling is not to betaken seriously. But the World Economic Forum takes itself seriously. The comforting thing about the sham wrestling ‘championships' on television is that everybody knows they are a farce. Steroid-stuffed Cro-Magnons stomp the living daylights out of painkiller-primed Neanderthals. Good, unclean fun. The results are safely predictable. You should expect the 600-pound gorilla to overwhelm the 900-pound one in a staggering...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

The new Chairman of the Press Council of India, Markandey Katju, wants to make it an instrument of mediation in addition to adjudication.   THE appointment of Justice Markandey Katju, a former judge of the Supreme Court, as Chairman of the Press Council of India is about the best thing that has happened to that body in a long while. It is no exaggeration to say that the PCI commands little prestige...

-Economic and Political Weekly   The media does need to look at its nexus with business interests; injured innocence will not do. Recent remarks by the new chair of the Press Council of India, Justice (retired) M Katju, have sparked off some-thing of a debate in the media. Katju’s comments on the intellectual capabilities of journalists and his low opinion of their abilities have predictably led to indignant protestations by media bodies. But...

Justice Markandey Katju has done his own mission, supervising the responsible functioning of the media, a disservice. By criticising the media through sweeping generalisations and with extreme naïvete, he has got its back up, provoking a sharp reaction from the Editors Guild instead of a willingness to talk and sort things out. A lifetime spent in issuing obiter dicta has ill-equipped Justice Katju in the communication skills needed to carry...