Time magazine picked him as one of 100 people shaping our world. Today, he’s held responsible for bringing an exciting, inspirational business into disrepute. Oh, and his wife says he beat her and snatched their son. There could not be a more controversial torchbearer than Vikram Akula for an industry as quintessentially Indian as microfinance, the business of providing the poor with loans, as small as R5,000, secured not with...
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Agriculture machinery makers bullish on Indian market by Arun Iyer, Madhvi Sally & S Sujatha
A growing shortage of farm hands and smaller land holdings are forcing many farmers to mechanise their farms, allowing multinational agri implement companies to tap into Indian market. A 2006 study by consulting firm Zinnov said that the agri equipment market in India would grow at a compounded rate of 5% between 2006 and 2010 to touch $8 billion. Today, a large number of Chinese, Japanese, American and Italian firms has...
More »Illegal financial flows: the great drain robbery by P Sainath
India has lost nearly a half-trillion dollars in illegal financial flows out of the country, says a new study by Global Financial Integrity. India is losing nearly Rs.240 crore every 24 hours, on average, in illegal financial flows out of the country. The nation lost $213 billion (roughly Rs.9.7 lakh crore) in illegal capital flight between 1948 and 2008. However, over $125 billion (Rs.5.7 lakh crore) of that was lost in...
More »Growing more crops with far fewer drops by Dominic Kailashnath Waughray
A fast growing economy is a thirsty economy and India is no exception—with the country’s water supply already under great strain, India must reassess its consumption to meet escalating demands for water to produce food and energy. Business-as-usual water practices cannot remain the same in India as the economy and its demand for freshwater grows over the coming decades. With an astounding 75% of freshwater already used for agriculture in India,...
More »Commonwealth Games: a citizen's memoir by Krishna Kumar
The opening and closing ceremonies received wide acclaim but left many citizens like me a bit terrified and confused. Now that the terms of inquiry into the conduct of the Commonwealth Games have been extended, let us hope that the process of probe will be more open than was decision-making for the CWG. Let us also hope that the review will cover the opening and closing ceremonies as well, both in...
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