-The Times of India Even as the country continues to witness a campaign for a strong anti-corruption watchdog, a report has calculated that between $104 billion and $128 billion (roughly Rs 5 to 6 lakh crore) was illegally siphoned out of India in the decade spanning 2000 to 2009. This works out to an average outflow of about $10-13 billion (Rs 48,000 to Rs 63,000 crore) every year. The report has been prepared...
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FDI low in education, finger at bar on profit by Basant Kumar Mohanty
Foreign Direct investment in education has been stuttering in India more than a decade after it was allowed, apparently because education is a not-for-profit sector where surplus revenue has to be ploughed back into expanding the institution. India’s education sector has witnessed significant expansion since the government approved FDI in April 2000, thus providing a huge opportunity for investment. Yet FDI remained zero in the first three years, increased till 2008-09...
More »Posco faces fresh hurdles, Naveen Patnaik government on defensive by Nageshwar Patnaik
Last week's clash near Posco's project site in Odisha is brewing trouble for the South Korean steelmaker and the state government, with legislators demanding a probe into why the main accused in the clash has not been arrested. State legislators on Monday demanded the immediate arrest of Bapi Sarkhel, a Paradip-based contractor alleged to have masterminded Wednesday's clash, which left one dead and 25 injured. "When the police arrested local...
More »FDI in Retail: Misplaced Expectations and Half-truths by Sukhpal Singh
The central government claims that allowing Foreign Direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...
More »How to use the existing RTI Act of India to query the private sector by Veeresh Malik
Chances of a single answer to two opposing questions on the RTI Act means there is something to it which the rule-books don’t tell you about—but you can bowl googlies to them, too, when the system expects you to hold a straight bat to their bouncers Here is a single answer to two diametrically opposite questions—“Yes, you can file an application under the Right to Information Act of India 2005 (RTI...
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