At least 10 RTI applicants have been killed over the past two years, with many others facing threats in their bid to expose corruption On a Republic Day when India celebrated 61 years of justice, equality and liberty, Amar Nath Pandey says he encountered the darkest moment of his life. In late evening on 26 January, a lone assailant leaped from the folds of darkness in the street outside his house in...
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Rampant Speculation Inflated Food Price Bubble by Stephen Leahy
Billions of dollars are being made by investors in a speculative "food bubble" that's created record food prices, starving millions and destabilising countries, experts now conclude. Wall Street investment firms and banks, along with their kin in London and Europe, were responsible for the technology dot-com bubble, the stock market bubble, and the recent U.S. and UK housing bubbles. They extracted enormous profits and their bonuses before the inevitable collapse of...
More »Emerging Nations Tackle Food Costs by Eric Bellman and Alex Frangos
Fast-growing emerging nations are taking increasingly aggressive actions to beat back rising food prices as they grow more worried of threats to stability if prices don't start to retreat. Developing-market governments have unveiled a laundry list of measures—including price caps, export bans and rules to counter commodity speculation—to keep food costs from disrupting their economies as price spikes that some had hoped were temporary have stretched into the new year. Some...
More »Microfinance: misunderstood, Malegamed by MS Sriram
A generally beleaguered microfinance industry was eagerly waiting for Yezdi Malegam for deliverance. Any conversation about the microfinance business would end with the expectation that the Malegam committee would deliver a healthy dose of oxygen to the choking microfinance industry. The report was expected to be the panacea for all that ails microfinance in India. The report, which came out on Monday, disappoints not only in its inability to meet these...
More »Mumbai set to go the Manhattan way? by Meena Menon
New CRZ notification sparks off fears, upsets fisherfolk The new Coastal Zone Regulation (CRZ) 2011 which has opened up construction along the sea has sparked off fears of Mumbai being ringed with high rises and mutating into a ‘desi' Manhattan. It has triggered furious debates on development and upset the fisherfolk who are planning to hit the streets across the country to agitate for better coastal protection. Since 1991 when the first...
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