-The Financial Express A forensic report prepared for the Serious Fraud Investigation Office (SFIO) shows over a third of India's top 500 companies, including those in the top 100, are "managing" their accounts. It finds that companies where promoters hold more than 50% of total shareholding are more likely to take such steps to impress markets with their performance. Both domestic companies and subsidiaries of multinationals listed in India show similar trends...
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From prosperity to penury -Ajoy Ashirwad Mahaprashasta
-Frontline NAIB SINGH hanged himself a fortnight ago in the land he had been tilling for five years at Bareh village in Mansa district of Punjab. He had hoped for a successful rabi wheat crop, but unseasonal rains reduced him to further penury. The 25-year-old left behind a debt burden of Rs.10 lakh for his family. His mother, Mahinder Kaur, does not know whether to mourn her son's death or lament...
More »Public funds to push neoliberal agenda -CP Chandrasekhar
-Frontline.in The Modi government has apparently realised that the private sector is not up to the task of driving growth. It hopes to fund its neoliberal dream of India becoming the fastest-growing emerging market through a combination of off-Budget borrowing and drastic expenditure reduction in key social sectors. IT will soon be a year since the National Democratic Alliance (NDA) government under Prime Minister Narendra Modi took office at the Centre....
More »No one’s children -Neerja Chowdhury
-The Indian Express The most important priority for any government in India today should be the health and nutrition of its children. This is a matter of emergency. In many ways, it is more important than even education. Why then has an otherwise sensitive finance minister slashed the budget in the health and nutrition sectors so badly? The budgetary allocations on health and nutrition programmes for children, who are the most vulnerable,...
More »Defying RTI, undermining democracy -Trilochan Sastry
-The Hindu For two years, national political parties have defied the RTI Act that they themselves passed. They have not sought legal remedy either by appealing against the CIC order declaring them to be Public Authorities. If lawmakers defy the law in this fashion, it sets a bad precedent. Political parties should be more accountable if they break the law, not less Six national parties in India, the Bharatiya Janata Party (BJP),...
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