The Supreme Court on Monday issued a notice to the Central government on a PIL seeking disclosure of contents of all tapes of corporate lobbyist Niira Radia which were tapped by government agencies, except pure private conversations. A bench of justices G S Singhvi and S S Nijjar issued notice to the Centre and adjourned the matter for further hearing on February 2. The court passed the order on a petition filed...
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Bill on corruption likely in Budget session: Moily
Battling a string of scams, the UPA government is likely to introduce a bill in the Budget session of Parliament to rein in corruption. "We are bringing a separate bill on corruption in accordance with the UN convention," Law Minister M Veerappa Moily told reporters here. He said the government intended to bring the legislation in the next session itself. "In that direction, we are proceeding," he said. "We have agreed to the...
More »A Bengali rate of growth by Mohan Guruswamy
Despite its slackening industry, the common perception of West Bengal as a backward state has little substance when one looks at the facts. Most of us are conditioned to view economic development in terms of industrialisation. While industrialisation is essential for economic transformation, it is not as if economic growth is not possible without it. The sectoral structure of India's gross domestic product (GDP) and its slow transformation makes a good...
More »Maximum Dithering for Minimum Wages!
Even though the Central Government agreed to link the wages paid under MG-NREGA to the Consumer Price Index for Agricultural Labourers (CPIAL), it shied away from paying statutory minimum wages in various states of India. Their logic for this: Lack of clarity on who will bear the extra financial burden—the Centre or the states? A letter from the Prime Minister Manmohan Singh to UPA and NAC Chairperson Sonia Gandhi dated 31...
More »MicroFinance: misunderstood, Malegamed by MS Sriram
A generally beleaguered microFinance industry was eagerly waiting for Yezdi Malegam for deliverance. Any conversation about the microFinance business would end with the expectation that the Malegam committee would deliver a healthy dose of oxygen to the choking microFinance industry. The report was expected to be the panacea for all that ails microFinance in India. The report, which came out on Monday, disappoints not only in its inability to meet these...
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