The health ministry has questioned the benefits to India of a proposed bill aimed at regulating the entry of foreign universities, unleashing the most scathing criticism the draft legislation has faced from within the government. The draft Foreign Education (Regulation of Entry and Operations) Bill contains loopholes that could deny India benefits to medical education and could even hurt the sector, the health ministry has said. The criticism of the bill...

Within a few days from today we will be crossing over to the second decade of the 21st century. Those of us born in the 20th century and lived through the first decade of the 21st, have indeed been fortunate to experience the impact of several giant steps of progress in human history. Mankind has indeed achieved much more in this period than it had in all the previous periods...

The collapse of the Dubai dream is not without any implications; it may be an indication that the travails of finance capitalism are not over. GLOBAL capitalism is in a phase in which it must deal with the fruits of the overextension during the previous boom, and there is no doubt that this is going to be painful. The financial crisis in the United States and some other developed countries...

One year on from the aborted Satyam-Maytas deal that eventually paved the way for Ramalinga Raju’s sensational confession of fraud some weeks later, the government finally seems to be getting serious about corporate governance reform. The revelation of accounting fraud at Satyam unfortunately distracted attention from more fundamental issues relating to good corporate governance, particularly the role of company boards. But now, the government is set to release a new...

Since state financial corporations are set up to encourage the establishment of industries by providing loans on liberal terms, the recovery of debts from chronic defaulters is seen by courts from two angles. One is that public money is lent for starting private enterprises and, therefore, the financial Institutions should be tough on the debtors. The other approach is that these units benefit the public and, therefore, the endeavour should...