Government and regulators need to focus on the systemic risk engendered by excessive compensation. As calendar year 2009 draws to a close, it is bonus season for the financial sector in the West. In the last several months, the need to cap bonuses and compensation packages has been extensively discussed in the context of limiting the future impact of the next financial sector breakdown. On December 9, 2009, the UK was...

Missing job cards, fudged muster rolls and diversion of NREGS funds through fake bills. What the Rajasthan social audit has revealed is the tip of the iceberg.  Bhilwara-2009 invited a swift and strong backlash — the government backed off realising it had stepped into a quagmire of corruption The battle being fought in the panchayats, streets, offices, and courts of Rajasthan is not just about social audit To understand why civil society...

Health minister Surjya Kanta Mishra today pushed through the Assembly a bill that will allow “half-doctors” to practise in villages, steamrollering a demand from the Left Front and the Opposition to defer the legislation. The West Bengal Health Regulatory Authority Bill will permit “rural health practitioners” with a three-year diploma to treat patients in villages where qualified doctors are loath to go. The “health practitioners” will not be called doctors, the...

Rajasthan had emerged as a model for transparency and accountability in NREGS implementation. Tragically, entrenched interests have been allowed to hijack the process.  Through the second half of October and for most of November this year, Rajasthan was engulfed in an unusual form of protest, spearheaded in the main by gram panchayat officials. Joined in some places by elected MLAs and MPs, and backed covertly by a section of District...

Governments and people have to make choices about accepting new scientific developments into their daily lives. Many attribute high levels of objectivity and integrity to scientists, which is not true of many of them. Scientists have been known to manipulate results to their advantage. Scientific issues are often complex, there are differing views among scientists and the layman finds it difficult to decide which scientific course is harmful or beneficial....