Uttar Pradesh government today promised full cooperation to the Central Bureau of Investigation (CBI) in the multi-thousand crore food grain scam in the state.On December 3, Allahabad High Court had directed the central agency for a comprehensive probe in the food grain scam spanning several districts of the state. The orders were passed on a public interest litigation (PIL) filed by Vishwanath Chaturvedi.The CBI is now probing the scam, which...
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Don't shoot messenger for revealing uncomfortable truths by Julian Assange
WIKILEAKS deserves protection, not threats and attacks. IN 1958 a young Rupert Murdoch, then owner and editor of Adelaide's The News, wrote: "In the race between secrecy and truth, it seems inevitable that truth will always win." His observation perhaps reflected his father Keith Murdoch's expose that Australian troops were being needlessly sacrificed by incompetent British commanders on the shores of Gallipoli. The British tried to shut him up but Keith Murdoch...
More »When journalists abandon their conscience by Seema Mustafa
Media "stars" named in the Niira Radia tapes were all on television in Spanish inquisition programmes to defend themselves. Unfortunately, the ruse did not work, as all covered themselves with more dirt, and were unable to explain why they were allowing a corporate lobbyist to instruct and direct them as to not only who they should call, but what they should write.One struck a belligerent note, almost shouting at the...
More »Why microfinance is not half the villain it seems to be by R Jagannathan
A man, crawling on all fours, is searching for something under a tree on a hot summer’s day. A curious passerby stops and asks: “What are you looking for?” The man replies: “I’ve lost my watch.” The passerby asks: “Are you sure it fell near this tree?” The answer: “It’s cooler looking in the shade”.Governments work something like this. They do what they think is easier to do rather than...
More »Anatomy of Indian capitalism by Himanshu
Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, Media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...
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