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Singh targets ‘ethical deficit’

Prime Minister Manmohan Singh today appeared to back the environmental evangelism blessed by Rahul Gandhi and pursued by Jairam Ramesh, saying “the business practices of some corporate houses have come under intense public scrutiny for their perceived ethical deficit”.Although the Prime Minister’s statement, made at India Corporate Week, carries echoes of the corruption charges now swirling around the country, the preceding sentences suggest environment issues were on his mind.Immediately after...

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Extreme world: Is Sweden as clean as it seems?

The world is a more corrupt place now than it was three years ago, a poll suggests.Some 56% of people interviewed by Transparency International said their country had become more corrupt.In Afghanistan, Nigeria, Iraq and India more than 50% of people said they had paid a bribe in the past year - many of them paying off the police.Meanwhile, a BBC poll suggests that corruption is the world's most talked...

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Keeping millions undernourished by Biswajit Dhar

International prices of most agricultural commodities are on the rise again. Prices of major food crops have increased disconcertingly, with wheat, rice, maize and soybean registering double-digit increases between June and October. Wheat prices increased alarmingly by more than 71%, while maize recorded a more than 50% spike. The Food Price Index released by the Food and Agriculture Organization (FAO), the most widely accepted barometer for food prices, also painted...

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Perils of becoming a republic of scandals by Brahma Chellaney

Corruption, No. 1 national security threat, is eating into the vitals of the state, enfeebling internal security and crimping foreign policy.  India confronts several pressing national security threats. But only one of them — political corruption — poses an existential threat to the state, which in reality has degenerated into a republic of mega-scandals. The pervasive misuse of public office for private gain is an evil, eating into the vitals...

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India Stocks Sink on Telecommunications Scandal by Heather Timmons

A widening corruption scandal that has touched India’s prime minister sent the country’s stock markets down sharply on Friday and threatened to tarnish the country’s image as a rising economic power. Setting off the turmoil was a report from the country’s auditor earlier this week that about $40 billion in wireless spectrum license fees had been squandered by the government’s telecommunications and information technology minister. On Thursday, India’s Supreme Court criticized...

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