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 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 [...]

India needs a realistic debt restructuring framework

By | July 23, 2015|Financial Policy|

By Mandar Kagade, Analyst, Bharti Institute of Public Policy, ISB The Reserve Bank of India (RBI) recently announced the Strategic Debt Restructuring (SDR) scheme in furtherance to the framework for revitalizing distressed assets in the economy that was notified in February this year. The SDR scheme empowers a group of lenders (called the joint lenders’ [...]

Repeal of the “Swaps Push Out” Rule— An Evaluation

By | December 25, 2014|Uncategorized|

By Mandar Kagade, Analyst, Bharti Institute of Public Policy, ISB The United States Congress recently passed the Consolidated and Further Continuing Appropriations Act, 2015 that made headlines for reasons not at all related to appropriations; it was in the news rather for including provisions that repealed the so-called “swaps push-out” rule (“Rule”) introduced in the Dodd-Frank Act, [...]

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 [...]

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 [...]

Policy Workshop on Understanding Governance

By | April 22, 2014|Executive, Institution, Judiciary, Legislature, Policymaking, Public Policy|

The Bharti Institute and the office of Shri Baijayant ‘Jay’ Panda, Member of Parliament (MP), Kendrapara (Odisha), jointly organized a Policy Workshop in association with Young Indians (Yi), Chandigarh Chapter on February 15, 2014 at ISB's Mohali campus. The workshop aimed to provide a platform for youngsters to develop an understanding of important policy issues, the role of [...]

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