The philosophy of self-aggrandisement defies social logic. Seven leading banks in the United States of America had last year incurred an aggregate loss of $82 billion; the chief executive officers of these banks nonetheless claimed and collected annual bonus to the extent of $38 billion. The economy might lie in ruins; that did not distract sharks from zooming in on their prey. Our corporate sector has shaped itself in the...

Development literature is now increasingly talking about rights-based development built on the appeal of the right-rhetoric when every government professes its commitment to realising human rights. Human rights are norms that bind a society and governments derive their legitimacy from fulfilling them. The source of these rights is many — natural rights, divine rights, inherent rights of human beings or self-evidence. The American Declaration of Independence of 1776 considered these...

A series of social audits in NREGS works in Rajasthan’s Bhilwara district led to unearthing of humungous irregularities and filing of FIRs against several government and panchayat officials and release of delayed payments worth crores of rupees to the ordinary NREGS workers (See details/ links below). The irregularities included the use of sub-standard material, non-issuance of job cards or post office passbooks and fudging of account books. The audits were organized...

Growing numbers of elected representatives fund their poll campaigns with corporate backing. And growing numbers of people with a big business background have ventured directly into the electoral arena.  Corporate Affairs Minister Salman Khurshid’s call for restraint, however mild, on the CEO feeding frenzy at the compensation trough, seems the least objectionable statement made by a Minister in months. (Contrast this, for example, with the Agriculture Minister’s warning that people...

The stalled Land Acquisition Bill should be completely overhauled. In both China and India the issue of land acquisition has become politically very sensitive. In China by official reports more than 66 million farmers have been dislocated in recent years for various commercial development projects. Local officials in cahoots with local business have been rather cavalier in this matter, and this has inflamed passions in the countryside. In India the...