Crony Capitalism and Public Sector Banks of India

Capitalism basic tenet says the state should follow laissez-faire policies i.e. should allow private initiatives unhindered without regulations. This in turn would allow ‘invisible’ hand of market of self-regulation which would through competition generate greater good. Since its propounding by Adam Smith in 18th century, this policy has attracted derision and criticism primarily from moral thinkers and plebian poor. First serious challenge mounted by advent … Continue reading Crony Capitalism and Public Sector Banks of India

Independence of Judiciary and NJAC Act

System of a judge-devised practice of appointments that evolved out of the ‘three-judges cases’ (1982, 1993 and 1998) wherein the Chief Justice along with a panel of senior-most judges makes binding recommendation to the President on the judicial appointees has been revived by recent verdict of SC. However this system has lot of infirmities, in past to avoid charges of favouritism, the collegiums relied on … Continue reading Independence of Judiciary and NJAC Act

Union Budget Analysis

While there had been expectation of Super Budget with growing expectation and sensation created ahead of first full year budget of Modi government. However the resultant budget while not being big bang on reforms measure has numerous features that balance the various interest communities of India. Some notable features of the budget are Reforms in the Pension sectors and widening social security net Enabling the … Continue reading Union Budget Analysis

Food Security in India: Changes proposed in FCI and NFSA

Shanta Kumar High level Committee Former Union Minister for Food Shanta Kumar recently disowned the National Food Security Act (NFSA). He explained, without blinking, that the BJP had just pretended to support the Act when it was being discussed in Parliament, for fear of the possible electoral consequences of opposing it. Shanta Kumar is chairperson of the High Level Committee on Reorienting the Role and … Continue reading Food Security in India: Changes proposed in FCI and NFSA

Food Security in India

India has been favorite of Malthusian doomsayers whose dire warnings of its large population overrunning the resources and reduced to starvation leading to failure of governance and the nation have always been around. However India has grown from a grain deficit country to a surplus producer of wheat and rice within a span of four decades, India notwithstanding its huge population has managed to feed … Continue reading Food Security in India

Censor Board in India

Central Board of Film Certification (CBFC)  is a Statutory body under Ministry of Information and Broadcasting,  regulating the public exhibition of films under the provisions of the Cinematograph Act 1952. Films can be publicly exhibited in India only after they have been certified by the Central Board of Film Certification. Censor board itself is relic of colonial past where artistic expression where subjected to check … Continue reading Censor Board in India