Only reforms that accelerate economic growth can generate the revenues to finance expenditure on social infrastructure for the poor, not the other way round, insists Jagdish Bhagwati.
The Board of Control for Cricket in India's probe panel on spot-fixing and betting charges in the Indian Premier League struck down as "illegal" as it was set up in violation of its own rules, the Bombay high court said on Wednesday. It went on to add that a prima facie case is made out that BCCI president-in-exile N Srinivasan was involved in its formation.
BCCI's decision to not send Indian teams for the Asian Games drew sharp criticism from the Olympic Council of Asia (OCA) on Saturday, which accused the influential cricket board of treating the sport just as a business venture.
Some stellar performances by seasoned veterans and promising youngsters continued to raise the bar in Olympic sports but there was heartbreak in equal measure when corruption scandals blighted India's favourite obsession, cricket, in a see-saw year for the country's sportspersons.
The year 2014 has been an eventful one for India. The country got a new government and a new state, broke new frontiers in various fields and of course its share of controversies.
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.