U.S. support for Muhammad Yunus is so strong that Dhaka may find a negotiated settlement to protect the Nobel Laureate's image and the independence of the Grameen Bank. Nobel Laureate Muhammad Yunus's three-decades-long journey with microfinance was laborious. But he most certainly did not encounter a crisis like the one he is facing now. It was only in December 2010 that the Bangladeshi — who shared the Nobel Peace Prize with...
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Dr Arvind Virmani, Affiliate Professor (& Distinguished Senior Fellow), George Mason University (School of Public Policy-CEMP), and Executive Director, IMF interviewed by TCA Srinivasa-Raghavan
Given a positive regulatory environment, banks and other financial intermediaries will certainly be interested in using the smart card opportunity. Dr Arvind Virmani, with a Ph.D. from Harvard and 30 years of professional experience, is one of the most valued economists in the Government. Before he retired as Chief Economic Advisor in 2009, he had served in the Finance Ministry and the Planning Commission. A researcher par excellence, his research papers...
More »Why is RTI back in news?
Why are the erstwhile RTI campaigners so alarmed five years after it became law? Why so many dharnas, rallies, conventions and hunger-strikes all over again? Part of the reason is that the silent revolution that the RTI has spawned needs to be defended from surreptitious alterations and manipulations, and partly because the RTI activists are being threatened, harassed and assaulted by the corrupt and the powerful, often with the connivance...
More »India's very own blasphemy law by Vijayendra Mohanty
I take it you have heard about the blasphemy law and all the uproar it is causing? No, not the one in Pakistan. India now has its own blasphemy law now. It has a narrower focus and it is not rooted in any kind of religiosity, but at the end of the day, it is the exact same as Pakistan's blasphemy law. The government of India has brought forth legislation that...
More »Sharad Yadav rains fire on Centre over scams
Expressing concern over rampant corruption in the rank and file of the Centre's United Progressive Alliance Government, Janata Dal (United) President Sharad Yadav today pointed out that one scam after another is coming to light and this does not augur well for the country's future. "Since the regime came to power, it was embroiled in scams such as 2G spectrum, Commonwealth Games and Adarsh Housing Society. A sincere effort should be...
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