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...

* Secondary education is critical in breaking the intergenerational cycle of poverty. * The number of secondary school students is expected to increase from 40 to 60 million over the next decade. * India needs to prepare now for this expansion and improve the quality of secondary education provided. In today’s global knowledge economy, education plays a vital role in determining a country’s economic growth and its people’s standards of living. Importantly,...

Primarily to address issues related to spending and implementation India’s apex planning body is drawing up a set of proposed reforms for the country’s flagship rural job guarantee programme, primarily to address issues related to spending and implementation. The changes proposed under the National Rural Employment Guarantee Act (NREGA) will be sent to Prime Minister Manmohan Singh by the end of this month for consideration, said Mihir Shah, member, Planning...

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 PASSING OF THE Right of Children to Free and Compulsory Education Bill, 2008, on July 20 this year, a full seven years after the 86th Amendment to the Constitution stipulated that “the State shall provide free and compulsory education to all children of the age of six to fourteen years in such manner as the State may, by law, determine”, should have been an occasion to celebrate. But both...