Government and regulators need to focus on the systemic risk engendered by excessive compensation. As calendar year 2009 draws to a close, it is bonus season for the financial sector in the West. In the last several months, the need to cap bonuses and compensation packages has been extensively discussed in the context of limiting the future impact of the next financial sector breakdown. On December 9, 2009, the UK was...

Very little is known generally about operational NGOs that work closely with people on a daily basis. WHILE a good many people in the country know that the Central and State governments have a number of plans and projects to bring about development – not all of them either well-conceived or well administered – they are much less aware of the part played in the overall development process by non-governmental...

The process for finalising the parameters for the 2011 Census is on, and a key question is yet to be answered. In response to a question in Parliament, Union Minister of State for Home Ajay Maken said that the census exercise would be conducted between February 9 and 28, 2011. But there was no word on whether information on caste would be elicited. India’s decennial census is the largest data...

Activists also opposed to use of JCB machines Hundreds of protesting villagers march towards the Chief Minister’s residence The Gehlot government’s honeymoon with activist groups seems to be nearing its end with their growing frustration over the lackadaisical approach of authorities to the transparency clause in the National Rural Employment Guarantee Scheme (NREGS). Though among the best in the country in the implementation of the scheme, Rajasthan has seemingly gone back...

The Centre today told the Supreme Court it was thinking of making child marriages invalid, taking a step forward against a social evil still deep-rooted in several parts of the country. “The practice of recognising child marriages was intended to protect women. The government is thinking of making such marriages void (invalid),” additional solicitor general Indira Jaisingh said. Under the Hindu Marriage Act, child marriages are recognised as valid, keeping in mind...