Who Gains from Parliamentary Disruptions?

By | September 7, 2015|Executive, Law, Legislature, Policymaking, Political|

By Kaushiki Sanyal, Senior Analyst, Bharti Institute of Public Policy, ISB The end of the 2015 Monsoon session of Parliament with one of the worst records in its history—productivity of Rajya Sabha and Lok Sabha were 9% and 48% respectively—has resulted in the usual hue and cry over such disruptions (PRS Legislative Research 2015). But [...]

The Indian Financial Code Draft II: Catalyzing “Too Big to Fail” In India?

By | August 4, 2015|Financial Policy, Law|

By Mandar Kagade, Analyst, Bharti Institute of Public Policy The Indian Financial Code has proposed to constitute the Financial Stability & Development Council (“FSDC”) pursuant to Chapter 76 of the Code with the objective of fostering the stability and resilience of the financial system by identifying and monitoring systemic risk and taking all required action to eliminate [...]

Sex Work and the Law: A Case for Nuanced Debate

By | December 22, 2014|Law, Policymaking, Social|

By Kaushiki Sanyal, Senior Analyst, Bharti Institute of Public Policy, ISB The debate over legalization vs decriminalization of prostitution is in the public domain with reports that the National Commission for Women has recommended legalization to the Supreme Court appointed panel for rehabilitation of sex workers. The panel, formed in 2011 when the Supreme Court [...]

The right reforms to pursue for growth

By | December 1, 2014|Economic policy, Law, Legislature, Policymaking, Public Policy, Regulations|

By Prof Rajesh Chakrabarti and Dr Kaushiki Sanyal, Bharti Institute of Public Policy, ISB It was reassuring to hear the Union finance minister Arun Jaitley emphasize the government’s commitment to reforms across a range of sectors at the World Economic Forum’s recent India Economic Summit in Delhi. These include labour laws, land acquisition and foreign [...]

Strengthening Corporate Governance — A Proposal for the New Companies Act, 2013

By | July 28, 2014|Economic policy, Law, Policymaking, Regulations|

By Mandar Kagade, Analyst, Bharti Institute of Public Policy Principle 1 of the National Voluntary Guidelines states that businesses ought to conduct and govern themselves with Ethics, Transparency and Accountability.  One of the ways in which the law monitors that businesses actually conduct and govern themselves likewise, is through the institution of independent directors. Before [...]

It’s The Incentives, Stupid!

By | March 26, 2014|Economic policy, Law, Public Policy, Regulations|

By Mandar Kagade, Analyst, Bharti Institute of Public Policy, ISB This article was first published in Moneycontrol.com on March 25, 2014 In a recently held Board meeting, the Securities & Exchange Board of India (“SEBI”) has decided to amend the Listing Agreement and disallow public listed companies from remunerating their Independent Directors using stock options. This move [...]

A parliamentary budget office for India

By | November 20, 2013|Budget, Institution, Law, Political|

By Kaushiki Sanyal, Senior Analyst, Bharti Institute of Public Policy and Sruti Bandopadhyay, Independent Researcher based in Washington D.C. This article was first published in the Mint on November 20, 2013 At a time when India is going through an economic slow down, it seems counter-intuitive to enact legislation such as the National Food Security [...]

Let the public participate

By | November 5, 2013|Law, Public Policy, Regulations|

Given the failure of many government legislations in achieving the objectives for which they were formulated, a case for institutionalising deeper public consultations in the legislative process has been made in the recent past. Currently, there are four entry points where citizens can participate in the legislative process: first, the identifying stage; second, the drafting [...]

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