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Aruna Roy, Indian social activist interviewed by Kanak Mani Dixit

Kanak Dixit: We have with us Aruna Roy, from Devdungri village in Rajasthan, who has, among other things, been able to take the Right to Information (RTI) from janasunuwais, or public hearings at the village level, all the way to national legislation that encompasses all of India. It is a movement that is truly global in scale. Aruna, a question that has been troubling me quite a bit in the context...

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Growing water shortages carry economic risks that are as damaging as political corruption by Brahma Chellaney

Water is the most critical of all natural resources on which modern economies depend. Water scarcity and rapid economic advance cannot go hand-in-hand. Yet, with its per-capita water availability falling to 1,582 cu m per year, India has become water-stressed.  In 1960, India signed a treaty indefinitely setting aside 80% of the Indus-system waters for downstream Pakistan - the most generous water-sharing pact thus far in modern world history. Its 1996...

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Small loans add up to lethal debts by Erika Kinetz

-AP The microfinance industry pursued a path of rapid business growth in recent years; two investigations now link it to debtor suicides   First they were stripped of their utensils, furniture, mobile phones, television sets, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself into a pond. Another jumped into a well with her children. Sometimes, the debt collectors watched nearby. More than 200 poor, debt-ridden residents of...

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Black money: Indians have stashed over $500bn in banks abroad, says CBI

-PTI Indians are the largest depositors in banks abroad with an estimated 500 billion US dollars (nearly Rs 24.5 lakh crore) of illegal money stashed by them in tax havens, the CBI director said on Monday.  India, in particular, has suffered from the flow of illegal funds to tax havens such as Mauritius, Switzerland, Lichtenstein, British Virgin islands etc.  "It is estimated that around 500 billion dollars of illegal money belonging to Indians...

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Dow 'traded via 'web of intermediaries' to avoid product ban in India

-The Indian Express Controversial London 2012 Olympics sponsors Dow Chemical Company secretly traded through a web of intermediaries to avoid a legal ban imposed on selling products in India after the Bhopal gas tragedy that killed nearly 25,000 people, it has emerged. According to 'The Independent', legal documents have revealed that Dow continued to permit the unlawful practice started by Union Carbide Corporation (UCC), the company responsible for the disaster, after it...

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