Media is business, journalism is not. With these stinging words, developmental journalist and Magsaysay Award winner for journalism P Sainath grabbed the attention of the 250 media students attending Mumbai's Sophia Polytechnic's annual lecture, 'Catalyst for Change', on Thursday. The topic was 'Paid News', on which there cannot be a more well-informed speaker than Sainath who has consistently highlighted the menace in his writings. Sainath said since 2008, some 3000 journalists...
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Her Sinister Ring Tone by Shantanu Guha Ray
NIIRA RADIA, the lobbyist at the heart of India’s audacious multi-billion telecom swindle, inaugurated a Krishna temple she funded in south Delhi on her birthday — that, interestingly, coincides with Indira Gandhi’s. Those present on the occasion said Radia prayed for long, presumably seeking divine intervention to wriggle out of the country’s biggest scandal. Before the temple visit, notices from the country’s Enforcement Directorate (ED), Income Tax (IT) Department and the...
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 »Black money became a reality in realty sector by Nauzer K Bharucha
We are a cash-rich company run by professionals,” says a smarmy 30-something Mumbai-based head of a leading real estate company. His company’s exponential growth in the span of just five years has raised eyebrows in industry and banking circles. The reasons are clear. The company is known to have tremendous clout in the corridors of power and with the builders’ lobby. It is backed by several important politicians in Mumbai and...
More »After RTI revelations, new CM may return flat
He got flat, meant for weaker sections, under MPs' quota Maharashtra's new Chief Minister Prithviraj Chavan may return a flat allotted in May 2003 under the MP's quota, now that a Right To Information application has revealed that he owns the flat provided under the discretionary quota. The application by RTI activist Anil Galgali, seeking the names of those who owned flats under the Chief Minister's discretionary quota, showed that Mr. Chavan...
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