Long-term greedy is a term that a Goldman Sachs partner made famous, by way of self-definition . It is as good a description as any of making profits in a sustainable fashion. Lafarge displayed short-term greed when it violated the law in obtaining forest clearance for a limestone mining project in Meghalaya’s Khasi hills, to supply raw material for its own cement plant in neighbouring Bangladesh. It described the mining...

The Delhi High Court on Wednesday ruled that there could be no curb on the number of licences issued to cycle-rickshaw pullers as it would be against their right to earn livelihood and also hamper the “invaluable” linkage provided by rickshaws. The Bench headed by Chief Justice A P Shah and comprising Justices S Ravindra Bhat and S Muralidhar also took exception to the by-law authorising the police, the Municipal...

Packaged sugar now costs Rs 46 a kilogram in the retail market and there are no signs of prices levelling off. With loose sugar also costing Rs 43-44 a kg, the poly-packed product is inexorably moving towards the Rs 50 a kg mark, with the government appearing helpless in containing the spiralling prices. The steady rise in sugar prices since the second half of last year is a consequence of...

The food price inflation in India, measured by the wholesale price index of food items, touched a 10-year high for the week ended November 28, 2009 when it crossed 19% on point-to-point basis over the corresponding week a year ago. The cereal prices were up by about 13%, but pulses are up by 42%, and vegetables by 31%, although potato prices shot up by 102%. This is getting way beyond...

At a time when there is growing concern about the causes of increasing discontent and alienation among tribals, it is important to recall a very important law for improving the governance of the Scheduled Areas in such a way as to protect the interests of tribals. The reference here is to the Panchayats (Extension to Scheduled Areas) Act 1996 (briefly called the PESA law). If this Act had been properly...