While survivors of the Bhopal gas leak disaster have been demanding that Dow Chemical, the current owner of the Union Carbide Corporation, be held liable for the clean-up of the disaster site, the Ministry of Commerce and Industry granted approval to a project involving Reliance Petroleum Ltd and Dow Global even after apprehensions were expressed by the Ministry of Chemicals and Fertilizers. It now appears that the approval, granted shortly...
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Her Sinister Ring Tone by Shantanu Guha Ray
NIIRA RADIA, the lobbyist at the heart of India’s audacious multi-billion telecom swindle, inaugurated a Krishna temple she funded in south Delhi on her birthday — that, interestingly, coincides with Indira Gandhi’s. Those present on the occasion said Radia prayed for long, presumably seeking divine intervention to wriggle out of the country’s biggest scandal. Before the temple visit, notices from the country’s Enforcement Directorate (ED), Income Tax (IT) Department and the...
More »Obama Visit and Indian Agriculture: Profit Surge for American MNCs and Peril for Indian Farmers! by Vijoo Krishnan
A lot has been said and written about the visit of Barack Obama, the President of USA to India. The corporate media was in the usual over-enthusiastic drive to bring to its readers and viewers all minute details about his visit from where he stayed and what he ate to how many warships, planes and cars accompanied him and how a whopping $200 million was spent per day for the...
More »Plan panel backs FDI in retail, revives debate by Gaurav Choudhury
The Planning Commission has made a strong pitch for opening up the country’s retail sector to foreign direct investment (FDI). The longstanding debate on this issue has gained an added edge with the forthcoming visit of US President Barack Obama next month. US business has for long been demanding that India open up its retail sector. “FDI in multi-brand retail trading should be permitted, since it will have both positive direct...
More »The Real Concern by Ashok V Desai
A patent is an artificial property right; it is created by the government, and would not exist if there were no government or if it did not grant patents. It is then for the government to decide whether to grant a patent or not. But a government would not normally make the decision arbitrarily; it would follow some rules. The rules universally followed are novelty, non-obviousness and commercial value. A...
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