-Tehelka Edited Excerpts From An Interview NOTED ECONOMIST and Columbia University Professor Jagdish Bhagwati’s pro-free trade stance is well-known. A friend of the prime minister and his batch mate from Cambridge University, Professor Bhagwati feels the UPA’s departure from the stagnation of the past few years is a welcome change, and lauds the decision to allow FDI in multi-brand retail. In an interview to TEHELKA Business Editor Shaili Chopra, Bhagwati says more...

-The Hindu In the television newsroom, the promoter’s fancies and political preferences have taken precedence over editorial judgement The Zee “extortion” case in which the news network is alleged to have demanded Rs.100 crore in return for rolling back its campaign against steel tycoon Navin Jindal’s “misdemeanours” in coal block allocations (for the family owned Jindal Steel & Power Limited or JSPL), is a deeply layered story that deserves a closer look...

-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...

-The Guardian The global application of a fraudulent economic theory brought the west to its knees. Yet for those in power, it offers riches How they must bleed for us. In 2012, the world's 100 richest people became $241 billion richer. They are now worth $1.9 trillion: just a little less than the entire output of the United Kingdom. This is not the result of chance. The rise in the fortunes of the...

-Economic and Political Weekly Extensive reforms are required so that sexually assaulted women do not feel they are the "accused" when they submit themselves for medical examination and trial. Urgent reforms such as setting up humane rape crisis centres where women can directly approach women counsellors to tell their story, lodge a complaint, and get examinations done at one place are required to improve the situation. Amita Pitre (amita@oxfamindia.org) is with Oxfam...