NIIRA RADIA, the lobbyist at the heart of India’s audacious multi-billion telecom swindle, inaugurated a Krishna temple she funded in south Delhi on her birthday — that, interestingly, coincides with Indira Gandhi’s. Those present on the occasion said Radia prayed for long, presumably seeking divine intervention to wriggle out of the country’s biggest scandal. Before the temple visit, notices from the country’s Enforcement Directorate (ED), Income Tax (IT) Department and the...

In 1985, Ashish Bose coined the term BIMARU while preparing a report on national population growth rate for Prime Minister Rajiv Gandhi. At the time, he was a professor at Delhi's Institute of Economic Growth. Ever since, BIMARU has been used to describe the four northern states that are seen as symptomatic of what's wrong with India.Shobhan Saxena asks Bose, 80, if Bihar is proof that BIMARU is history. Bihar...

Considered a potent weapon for combating Naxalism, the distribution of land titles to tribals and forest workers under the Forest Rights Act (FRA), 2006, is not moving at a satisfactory pace in UP in comparison to other states. This, despite chief minister Mayawati's repeated orders to expedite the process. The Naxals mislead tribals living in abject poverty. The latter are also exploited by forest officials and police. The FRA recognises...

The Union ministry of environment and forests (MoEF) has given environment clearance to the controversial Jaitapur nuclear power project slated to come up in Madban village (Ratnagiri district) along the Konkan coast. This is the second major project, after the Navi Mumbai airport, to be cleared by minister Jairam Ramesh in a week. The 9,900-mw Jaitapur nuclear power plant, the country's largest, will be set up in collaboration with the French...

The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday. The move follows tight scrutiny of the fast-growing, largely unregulated, small loans sector after fears of large-scale defaults due to high interest rates and reports of suicides due to mounting debt. “The Department of Financial Services proposes to introduce the Micro Finance (Development...