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 [...]
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 [...]
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 [...]
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 [...]
By Kaushiki Sanyal, Senior Analyst, Bharti Institute of Public Policy, ISB This article was first published in Financial Express on April 11, 2014. The requirement for legislative approval of financial measures is a democratic instrument enshrined in the Indian Constitution. This allows the legislature to keep a check on the government’s spending of public resources. [...]
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 [...]
By Rajesh Chakrabarti, Executive Director, Bharti Institute of Public Policy, ISB This article was first published in the Economic Times on Oct 31, 2013 The current controversy over the coal block allotment is perhaps the latest and one of the most sordid examples of inefficient allocation of national resources, but the malaise is hardly new. [...]
Guest post by Krishnamurthy Subramanian, Assistant Professor, Finance, ISB and Prasanna Tantri, Associate Director, Centre for Analytical Finance, ISB This article was first published in the Times of India on Oct 30, 2013 Does good economics make for good politics? Historically, in India, good economics hasn't been considered good politics. However, recent experiences in Gujarat, [...]
By Rajesh Chakrabarti, Executive Director, The Bharti Institute of Public Policy Hello and welcome to the Bharti Institute’s blogspace! Special thanks to my colleagues at the Bharti Institute of Public Policy led by Dr. Kaushiki Sanyal and the ISB communications team for making this blog a reality. Mark this site for regular updates on policy [...]
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