Minimum Government Maximum Governance; Fixing Deliverables

By | September 30, 2015|Accountability, Policymaking, Public Policy, Regulations|

By Ritvik Mishra, Analyst, Bharti Institute of Public Policy, ISB We were all exhilarated with the wave of change that the Narendra Modi-led NDA Government promised to bring with it after winning the 2014 elections with a thumping majority. What followed was a string of catchy slogans like ‘Swachh Bharat Abhiyaan’, ‘Namame Gange’, ‘Beti Bachao [...]

Comments on the Revised Draft Indian Financial Code

By | August 10, 2015|Financial Policy, Public Policy, Regulations|

The Ministry of Finance had recently  released the Revised Draft Indian Financial  Code ("Code") for  public comments. Mandar Kagade, Analyst at  the Bharti Institute of Public Policy submitted his comments on some of the salient proposals of the Code  with suggestions for reform. Please the submissions here. https://drive.google.com/a/isb.edu/folderview?id=0B_r-cIWDAf-eflFUelpTRnRXaEVZd081RDMwRVctb3A2a2hVWTFnX3VHMHJBbEJPbWVQZ28&usp=sharing# Disclaimer: The views expressed in this comment paper [...]

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 [...]

Importance of Public Policy In Indian Business Context

By | November 11, 2014|Budget, Economic policy, Executive, Policymaking, Public Policy, Regulations|

By Mandar Kagade, Analyst, Bharti Institute of Public Policy, ISB Public policy making in India in recent times epitomizes the famous opening lines by Charles Dickens.  Forces shaping policy are much more inclusive, thanks to a politically conscious youth and an accessible social media with a capacity to amplify the message several folds in a [...]

Corporate Governance of Banks- About Time for Some CoCo?

By | August 4, 2014|Economic policy, Policymaking, Regulations|

By Mandar Kagade, Analyst, Bharti Institute of Public Policy, ISB The recent report of the RBI committee to review governance of boards of banks (the P.J. Nayak Committee) recommends that non-executive directors at private-sector banks should be paid profit-based commissions so as to enable the private-sector banks to attract skilled professionals for their non-executive and [...]

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 [...]

Wind energy auctions in India

By | January 13, 2014|Energy, Public Policy, Regulations|

By Prof. Gireesh Shrimali, Energy Economics and Business, Monterey Institute of International Studies; and a Fellow at Climate Policy Initiative’s CPI-ISB Energy and Environment Program at ISB Auctions for wind energy have the potential to bring down the costs of wind energy in India. However, these auctions have not happened due to opposition from wind developers. [...]

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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