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Is India’s Rising Billionaire Wealth Bad for the Country? -Vivek Dehejia

-The New York Times Blog The strength and direction of the Indian economy may be up for debate, but one remarkable fact is not: There has been massive growth in the number and wealth of billionaires in India since the economic liberalization measures in 1991. The phenomenon has often been compared to the United States’ experience in the latter part of the 19th century. This was a period evocatively described by Mark...

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The new political nexus-Sucheta Dalal

-MoneyLife.in If you were wondering why most of the recent major cases of corruption have not been exposed by opposition parties, especially the BJP, now you have the answer: they are all in it together. I am ready for any inquiry,” repeated Nitin Gadkari on every television channel where he brazenly defended the dubious shell companies and land allotment that propelled the growth of his ballooning ‘social entrepreneurship’. The irony is that Nitin...

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It’s unconstitutional and a failed venture -Justice Rajindar Sachar

-The Tribune India is governed by a written Constitution and any policy decision, programme by the Central or state government must be within the constitutional parameter of the Constitution. The State under our Constitution is mandated to protect the human rights. Any government policy, which seeks to shift this responsibility from the state to the private sector, would be, without anything more, unconstitutional and hence impermissible. The United Nations, since its inception, has...

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The Dark And The Sublime: The Story Of Rajat Gupta-Shaili Chopra

-Tehelka The sentencing of Wall Street wizard Rajat Gupta in the historic insider trading case has led to the fall of a one-time icon for many Indians “This is where destiny is taking me.” This is what former Goldman Sachs Group Inc director, Rajat Gupta, told old friend Pramod Bhasin, as he sat with a glass of scotch in hand, in a mid-town bar in New York. Little did Gupta know how prophetic...

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Tribals nail government lie on protecting indigenous people at biodiversity meet -M Suchitra

-Down to Earth 'Will the Indian government abandon mining projects to protect us?' ask residents of Singrauli who face displacement because of Mahan coal project Ever since India assumed presidency of the Convention on Biological Diversity (CBD) on October 8, it has never missed a chance to reiterate its commitment to conserving biodiversity and protecting indigenous people and their traditional knowledge. Indian officials attending the ongoing CoP 11 meet at Hyderabad have...

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