In the good old days, there were the Asian Games under Indira Gandhi. Inaugurated by the Empress on her own birthday, November 19, 1982, they seem like a fairy tale now. No leaking roofs weeks before the show; no front-page shockers about crores paid to shady firms; everything going like clockwork under Her Majesty’s eagle eye. Definitely no portly, shifty-eyed Suresh Kalmadi. At that time, there was no Organising Committee. Under...

Insurance regulator IRDA has imposed a penalty of Rs 5 lakh each on two life insurers, state-run Life Insurance Corporation (LIC) and HDFC Life Insurance, for failing to meet rural and social sector obligation in 2008-09, Parliament was informed. The Insurance Regulatory and Development Authority (IRDA) has imposed a fine on LIC and HDFC Standard Life Insurance for non-compliance under the rural sector target during 2008-09, Finance Minister Pranab Mukherjee...

Mani Shankar Aiyar has probably not read Dale Carnegie's best-seller, How to Win Friends and Influence People. A few years ago, in a St Stephens alumni register, former External Affairs Minister Natwar Singh wrote, "I am what I am because of  the college". Prompt came Aiyar's rejoinder: "Why blame the college!" Politics though is not a college campus. The ready wit and pungent sarcasm which might earn applause in a debating...

The Central Vigilance Commission is examining all construction work related to Commonwealth Games being undertaken by civic agencies following complaints of alleged large-scale corruption. The anti-corruption watchdog has also decided to formulate vigilance guidelines to check Public-Private Partnership (PPP) projects. "Apart from expeditiously attending to complaints relating to the Games, the Commission, through its Chief Technical Examiner's Wing, is keeping a close watch on all the contracts and works undertaken...

Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...