The crux of the problem is not leakages, but unsold stocks. The debate on the public distribution system is being increasingly overwhelmed by the issue of corruption. The pressures on the system are seen primarily, if not entirely, as one of leakages. This preoccupation with leakages has reached a point where the government appears set to throw up its hands and just hand over cash to families, irrespective of whether they...

The robust 9 per cent –plus growth in South Asia till 2010, driven largely by India, where it came down to around 7 per cent in 2011-12, had one major qualifier: it was mostly associated with a rapid rise in labour productivity rather than an expansion in employment, according to the latest report Global Employment Trends from International Labour Office. Up until the end of the millennium, that is just a...

-The Telegraph   The New York Times has reported that Wal-Mart, the US-based retail giant, hushed up an internal investigation sometime after the company was told of a bribery campaign to obtain licences and facilitate rapid expansion in Mexico. Some of the alleged instances of bribery are certain to ring a bell in India where it is not too difficult to bend rules for a price. The New York Times said its “examination...

-The Business Standard   The Union government on Thursday approached the Supreme Court with a presidential reference on various issues relating to its recent judgment in the 2G spectrum scam. The apex court, meanwhile, would take up the government's review petition tomorrow. The presidential reference, under Article 143 of the Constitution, and the review petition raise similar issues. The main concern of the government is the perceived interference of the judiciary in the...

Dumps trickle into the rivers and occasionally collapse, flooding homes and fields with muddy water The reddish hills dot large tracts of the Goan landscape—mounds of waste soil and other debris that have been left behind after iron ore was dug out from some 95 mines. Accumulating since the 1960s, the dumps, as they are known, are estimated at 750 million tonnes (mt) and consist of top soil, mud and iron...