Alarmed by its proactive role, the three ‘pillars’ of our democracy set out to weaken the fourth estate Fundamentalisms do not necessarily announce their arrival by banging a hammer on our heads. Freedoms are often lost in little steps. The process creeps in quietly but insidiously. The path is often complex and defies a simple narrative. But here’s a straightforward fact: a concerted attempt is being made to censor, control...

Remote controls are identified as technical devices which are used for various purposes ranging from the launching of space-ships to the monitoring of toy cars. But of late, these devices are being used to direct policies for nation states which are formally sovereign. We speak here of the powerful lobby of international credit rating agencies like Standard and Poor's (S&P), which has just delivered its sermon that India is no longer...

Drug smugglers and third-world dictators laundering ill-gotten wealth through secretive banking systems in tax havens is an anachronistic image from crime novels. Leveraging US' remarkable success in compelling tax havens to block terrorist financing, the G20/OECD have successfully persuaded tax havens to improve tax transparency and participate in an international regime of information exchange.  All tax havens have committed to OECD standards for tax transparency and are executing Tax Information Exchange...

-The Economic Times   On Saturday, Bengal chief minister Mamata Banerjee told New Delhi that it had 15 days to announce a debt-relief package for the state. She did not specify what would happen after the deadline, but said that her patience was wearing thin.  The Centre cannot give in to such blackmail. Banerjee doesn't have to bother about the huge risk that this demand creates. The Centre has few powers to write...

-The Hindu Sleuths from the Central Bureau of Investigation (CBI) conducted searches in 12 locations in Lucknow district on Saturday in connection with the multi-crore foodgrains scam in Uttar Pradesh. The scam relates to sale of wheat and rice — meant for distribution to the poor — in the black market from 2002 to 2007, and was estimated to be of the order of around Rs. 35,000 crore. The locations included those in...