About 54% Indians paid a bribe in the past year, according to a global survey by Transparency International (TI), which pegs the extent of corruption in India at levels comparable with Cambodia, Nigeria, Afghanistan, Senegal, Uganda and Liberia. TI’s Global Corruption Barometer survey, released on global anti-corruption day, measures public perception on corruption across the world. One metric asks respondents if they had paid a bribe during the past 12 months...

Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...

Italy, the United States, Greece, Belgium and the United Kingdom top a list of two dozen developed countries that let their most vulnerable children fall even further behind, with enormous consequences not only for the youngsters themselves but for the economy and society at large, according to a new United Nations report released today.“As debates rage on austerity measures and social spending cuts, the report focuses on the hundreds of...

The Child Labour Index and map, produced by global risks advisory firm Maplecroft, rates 68 countries as ‘extreme risk’ with Bangladesh, China, India, Nigeria and Pakistan amongst those with the most widespread abuses of child workers.According to the ILO, there are 215 million children working throughout the world, many full-time. Of these, 115 million are exposed to hazardous forms of child labour. The index evaluates 196 countries on the prevalence,...

Global temperatures from November 2010 are similar to those observed in November 2005 The year 2010 is almost certain to rank in the top three warmest years since the beginning of instrumental climate records in 1850, according to data compiled by the World Meteorological Organization (WMO) that were released here on Thursday. A WMO statement said the global combined sea surface and land surface air temperature for 2010 (January–October) is now estimated...