The Communist Party of India (Marxist) has described 2010 as a landmark year in Independent India's history in terms of the number of scams. In an editorial in the People's Democracy, party organ, it drew attention to the several disquieting trends that have emerged as a result. The year stood out as one which saw a serious attack on Parliament and the institutions of parliamentary democracy. Apart from the virtual annulling...

If it was the inability to resettle 450 families that sealed the fate for Korean steelmaker Posco in Orissa, the failure to give jobs to another 500 families in and around the Vedanta project in Niyamgiri put paid to the aluminium major’s plans, said National Advisory Committee member NC Saxena, who wrote the report that resulted in cancellation of Vedanta’s project. On being asked about the contradictions between development and growth,...

The case of Pushp Steel and Mines reverberated in Chhattisgarh assembly, as the congress party attacked Chief Minister Raman Singh, asking him to divulge the name of the owner of the dubious firm that had been granted coveted mining rights in the state in violation of rules. The congress alleged the firm is covertly owned by a senior BJP leader. The persistent uproar finally led the speaker to adjourn the...

Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...

The Child Labour Index and map, produced by global risks advisory firm Maplecroft, rates 68 countries as ‘extreme risk’ with Bangladesh, China, India, Nigeria and Pakistan amongst those with the most widespread abuses of child workers.According to the ILO, there are 215 million children working throughout the world, many full-time. Of these, 115 million are exposed to hazardous forms of child labour. The index evaluates 196 countries on the prevalence,...