The rapid growth of global markets has not seen the parallel development of social and economic institutions to ensure balanced, inclusive and sustainable growth. Although we may not have yet reached “the end of history,” globalisation has brought us closer to “the end of geography” as we have known it. The compression of time and space triggered by the Third Industrial Revolution —roughly, since 1980 — has changed our interactions with...
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CBI raids more Kalmadi aides, registers fourth FIR in CWG scam
The CBI today raided about 10 premises in the National Capital Region after it registered a fresh FIR in connection with its probe into the alleged multi-crore Commonwealth Games overlays scam. The raids come a day after the agency questioned Commonwealth Games Organising Committee chief Suresh Kalmadi. Official sources said the CBI registered the FIR, the fourth in the case, yesterday in connection with the overlays contracts given out to four firms....
More »Decline and fall of Indian poverty by Surjit S Bhalla
In this winter of gloom, doom and corruption, the government can bask in some warmth from data collected by its statistical agencies. (Alas, these agencies have yet to hire some basic data-processing capabilities from minor computer firms, let alone agencies like Infosys. Perhaps Nandan Nilekani can loan some programmers from the UID project.) So what is the issue, and what is the evidence?It was only a few months ago that...
More »Docs in the dock in Noida land scam
Top ICMR scientists transferred Rs 70- crore tract of govt land to themselves to build society flats If Mumbai's Adarsh scam saw former service chiefs, politicos and bureaucrats help themselves to flats meant for Kargil heroes and war widows, a multi- crore realty fraud allegedly involving senior scientists has been unearthed in Noida.The CBI has homed in on the retired top brass of the Indian Council of Medical Research ( ICMR)...
More »Labour shortage in the fields drives farmers to tractors by Shally Seth
Pawan Goenka noticed something unusual last year—tractor sales were climbing even though India had its worst monsoon in more than three decades and farm output dropped 2.8% in the three months to December last fiscal. The umbilical cord that tied rainfall patterns and tractor sales seemed to have been ruptured. The president of auto and tractor maker Mahindra and Mahindra Ltd offers an interesting explanation to this puzzle: growing labour shortages...
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