The Bangladeshi government has ordered an investigation into the Grameen Bank of Nobel Peace laureate Muhammad Yunus. The move follows recent allegations that nearly $100m (£64m) of Norwegian aid was wrongly transferred from the bank to other parts of Grameen. The bank strongly denied the allegations and Norway said last month that there were "no more unanswered questions" into them. The head of the probe said it would "impartially investigate" the claims. A spokesman...

As policymakers gear up for their biggest battle against inflation, worrying signs about India’s boom-boom growth story emerged. The first warning signal went up today with the government’s statistical office announcing that the index of industrial production (IIP) — the broadest measure of plant and factory performance —had grown by a piffling 2.7 per cent in November against a market consensus of 6.6 per cent. The index stood at 317.9 —its lowest...

Marie Antoinette may or may not have deadpanned “let them eat cake” but the Bengal government could have tried saying “let them eat potato” in these times of price rise. But out went that opportunity — along with 7,000 bags or 4,200 tonnes of potatoes at Panagarh in Burdwan. In terms of cash, potato stocks valued at Rs 50 lakh rotted on the open ground today because of a dispute between a...

The trial court judgment holding Binayak Sen guilty of sedition has led to widespread outrage. IN India's legal history, no trial court judgment in a criminal case has perhaps caused as much international outrage as the December 24, 2010, judgment of the Second Additional District and Sessions Judge of Raipur, B.P. Verma, did. In his 92-page judgment, Judge Verma convicted Dr Binayak Sen, the well-known human rights activist and medical...

One more effort to make government reconsider objections The Sonia Gandhi-headed National Advisory Council (NAC) has decided to stick to its recommendations made on the draft National Food Security Bill at its meeting on October 23 last, though these have been rejected by a government committee led by C. Rangarajan, who heads the Prime Minister's Economic Advisory Council. The committee was constituted by Prime Minister Manmohan Singh to examine the feasibility of...