Pros and Cons of Legalizing Lobbying

by Charumati Haran


What does Walmart have in common with the Indian film Guru?

Not so long ago, Walmart made a disclosure in the US Senate that caused tremors in the Indian Parliament: Walmart had spent $25 million over four years in order to lobby American lawmakers and gain access to overseas markets, including India. Our Parliament was disrupted when the opposition demanded to know if Walmart had lobbied in India or paid bribes here. While lobbying is legal in the US, it remains illegal in India. As of now, a retired judge will be appointed to conduct a probe into these allegations.

Budget 2013: Economics vs. Politics

by Anisha Bhardwaj and Deepthi Sai


A microcosm economy is like a family. Just like every household, an economy needs to manage its expenditure and revenue flows. Simply put, a budget is an estimate of revenue and expenditure over a set period of time. In this article we aim to understand the key components of the budget for the coming fiscal year (2013-14) put forward by the Government of India.